Homework Answers
Materials Price Variance = (SP-AP) *AQ
= (3 - 2.90)*10,000
= 1000 F
Materials Quantity Variance = (SQ-AQ) *SP
= (1000*5.20 - 8000) * 3
= 8400 U
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Exercise 10-7 Direct Materials Variances (LO10-1) Huron Company produces a commercial cleaning compound known as Zoom....
Exercise 10-7 Direct Materials Variances (LO10-1] Huron Company produces a commercial cleaning compound known as Zoom....
Exercise 10-7 Direct Materials Variances (LO10-1] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.70 pounds 0.50 hours Standard Price or Rate $2.50 per pound $7.50 per hour Standard Cost $14.25 $ 3.75 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand pounds of material were purchased at a cost of...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost Direct materials Direct labor 6.80 pounds $ 3.00 per pound $20.40 0.40 hours 13.00 per hour 5.20 During the most recent month, the following activity was recorded: a. Thirteen thousand two hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning...
Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. Twenty thousand pounds of...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a
commercial cleaning compound known as Zoom. The direct materials
and direct labor standards for one unit of Zoom are given below:
Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 6.00 pounds $ 2.30 per pound $ 13.80 Direct labor
0.50 hours $ 10.00 per hour $ 5.00 During the most recent month,
the following activity was recorded: Eleven thousand pounds of
material were purchased at a cost of $2.10 per pound. All...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.6 pounds 0.4 hours Standard Price or Rate S 3.00 per pound $12.00 per hour Standard Cost $19.80 S 4.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost $3.00 per pound $10.00 per hour 6.20 pounds 0.40 hours $18.60 4.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound. b. The company produced...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours Cost or Rate 5.60 pounds Direct materials $3.00 per pound $7.00 per hour $16.80 $2.80 Direct labor 0.40 hours During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Standard Price Standard Quantity or Cost Hours or Rate 6.60 pounds $3.00 per pound $12.00 per hour Direct materials $19.80 Direct labor $4.80 0.40 hours During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.40 pounds 0.40 hours Standard Price or Rate $3.00 per pound $6.00 per hour Standard Cost $16.20 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Exercise 10-7 Direct Materials Variances (LO10-1] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.70 pounds 0.50 hours Standard Price or Rate $2.50 per pound $7.50 per hour Standard Cost $14.25 $ 3.75 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand pounds of material were purchased at a cost of...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost Direct materials Direct labor 6.80 pounds $ 3.00 per pound $20.40 0.40 hours 13.00 per hour 5.20 During the most recent month, the following activity was recorded: a. Thirteen thousand two hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a
commercial cleaning compound known as Zoom. The direct materials
and direct labor standards for one unit of Zoom are given below:
Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 6.00 pounds $ 2.30 per pound $ 13.80 Direct labor
0.50 hours $ 10.00 per hour $ 5.00 During the most recent month,
the following activity was recorded: Eleven thousand pounds of
material were purchased at a cost of $2.10 per pound. All...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.6 pounds 0.4 hours Standard Price or Rate S 3.00 per pound $12.00 per hour Standard Cost $19.80 S 4.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost $3.00 per pound $10.00 per hour 6.20 pounds 0.40 hours $18.60 4.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound. b. The company produced...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours Cost or Rate 5.60 pounds Direct materials $3.00 per pound $7.00 per hour $16.80 $2.80 Direct labor 0.40 hours During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Standard Price Standard Quantity or Cost Hours or Rate 6.60 pounds $3.00 per pound $12.00 per hour Direct materials $19.80 Direct labor $4.80 0.40 hours During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.40 pounds 0.40 hours Standard Price or Rate $3.00 per pound $6.00 per hour Standard Cost $16.20 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b....
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