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QUESTION 25 The following information about last month's production is found below Units Produced 4,078 Direct...
QUESTION 25 Copy of The following information about last month's production is found below Units Produced...
QUESTION 25 Copy of The following information about last month's production is found below Units Produced 3,879 Direct Materials Standards per unit 2.8 pounds at 8.1 per podnd Direct Materials purchased and used 13,838 pounds for $102,136 What is the amount in dollars of the direct materials usage (quantity) variance (do not include favorable or unfavorable)?
3) The following information is available for Maher Manufacturing Company. - Direct materials price standard is...
3) The following information is available for Maher Manufacturing Company. - Direct materials price standard is $3.25 per pound. - Direct materials quantity standard is six pounds per finished unit. - Budgeted production is 25,000 finished units. - 175,000 pounds of direct materials were purchased for $525,000. - 175,000 pounds of direct materials were used in production. - 25,600 finished units of product were produced. What is the direct materials quantity variance? A) $21,400 Favorable C) $69,550 Favorable B) $69,550...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 34,000 Actual rate per hour: $23 Standard rate per hour: $14.75 Standard hours per units produced: 30,000 How much is the direct labor efficiency variance? a. $59,000 (Favorable) b. $92,000 (Unfavorable) c. $92,000 (Favorable) d. $59,000 (Unfavorable) 2.5 points QUESTION 7 Victoria Corp. manufactures quality vases. Budgeted production data for the vases are as follows: January budgeted...
Use this information to answer the question that follow. The following data relate to direct materials...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.03 Standard yards per unit: standard, 4.62 yards; actual, 5.06 yards Units of production: 9,100 Calculate the direct materials quantity variance. a.$8,128.12 favorable b.$7,927.92 unfavorable c.$7,927.92 favorable d.$8,128.12 unfavorable Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,600 pounds of material, $5.00 and standard costs for...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndar...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
The following information desaribes production activities of Mercer Manufacturing for the year: Actual direct materials Actual...
The following information desaribes production activities of Mercer Manufacturing for the year: Actual direct materials Actual direct labor used Actual units produced 29,000 lbs. at S5.10 per lb. 8,100 hours for a total of $164,430 48,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at S5.05 per pound and 10 minutes of direct labor at S22.00 per hour (1) Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual Cost Standard Cost...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 22,000 lbs. at $4.35 per lb. 6,575 hours for a total of Actual direct labor used $128,870 Actual units produced 36,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.30 per pound and 10 minutes of direct labor at $20.60 per hour. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 24,000 lbs. at $4.45 per lb. Actual direct labor used 6,505 hours for a total of $128,799 Actual units produced 36,030 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Budgeted standards for each unit produced are 0.50 pounds of direct...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
The following Information describos production activitles of Prichard Manufacturing Company for the year Actual direct materials...
The following Information describos production activitles of Prichard Manufacturing Company for the year Actual direct materials used Actual direct labor used Actual units produced 380.000 1bs. for a total of $779,000 63,000 hours for a total of $s07.150 128,800 Budgoted standards for each unit produced are 3 pounds of direct material at $200 per pound and 0.5 hours of direct labor at $8.00 per hour AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP-Standard Price AH=Actual Hours SH Standard Hours...
QUESTION 25 Copy of The following information about last month's production is found below Units Produced 3,879 Direct Materials Standards per unit 2.8 pounds at 8.1 per podnd Direct Materials purchased and used 13,838 pounds for $102,136 What is the amount in dollars of the direct materials usage (quantity) variance (do not include favorable or unfavorable)?
3) The following information is available for Maher Manufacturing Company. - Direct materials price standard is $3.25 per pound. - Direct materials quantity standard is six pounds per finished unit. - Budgeted production is 25,000 finished units. - 175,000 pounds of direct materials were purchased for $525,000. - 175,000 pounds of direct materials were used in production. - 25,600 finished units of product were produced. What is the direct materials quantity variance? A) $21,400 Favorable C) $69,550 Favorable B) $69,550...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
The following information desaribes production activities of Mercer Manufacturing for the year: Actual direct materials Actual direct labor used Actual units produced 29,000 lbs. at S5.10 per lb. 8,100 hours for a total of $164,430 48,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at S5.05 per pound and 10 minutes of direct labor at S22.00 per hour (1) Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual Cost Standard Cost...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 22,000 lbs. at $4.35 per lb. 6,575 hours for a total of Actual direct labor used $128,870 Actual units produced 36,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.30 per pound and 10 minutes of direct labor at $20.60 per hour. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
The following Information describos production activitles of Prichard Manufacturing Company for the year Actual direct materials used Actual direct labor used Actual units produced 380.000 1bs. for a total of $779,000 63,000 hours for a total of $s07.150 128,800 Budgoted standards for each unit produced are 3 pounds of direct material at $200 per pound and 0.5 hours of direct labor at $8.00 per hour AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP-Standard Price AH=Actual Hours SH Standard Hours...
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