Homework Answers
Add Answer to:
21. Exeter has a material standard of 1 pound per unit of output. Each pound has...
Exeter has a material standard of 1 pound per unit of output. Each pound has a...
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $137,000 for 4,990 pounds, which it used to produce 4,760 units. What is the direct materials price variance? (Do not round your intermediate calculations.) $8,480 unfavorable $1,370 favorable $9,850 unfavorable $2,270 unfavorable
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During J...
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $141,000 for 4,970 pounds, which they used to produce 4,760 units. What is the direct materials quantity variance? $5,910 favorable $6,810 unfavorable $8,270 unfavorable $5,670 unfavorable
1.) Exeter has material standard of 1 pound per unit of output. Each pound has a...
1.) Exeter has material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter paid $133,000 for 4,960 pounds, which they used to produce 4,780 units. What is direct materials quantity variance? Answer: $4,500 Unfavorable 2) Whitman has direct labor standard of 2 hours per unit of output. Each Employee has a standard wage rate of $23.50 per hour. During July, Whitman paid $190,400 to employees for 8,960 labor...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
A company uses the following standard costs to produce a single unit of output. Direct materials...
A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 5 pounds at $0.80 per pound 0.5 hour at $8.00 per hour 0.5 hour at $3.00 per hour -$4.00 -$4.00 -$1.50 During the latest month, the company purchased and used 48,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $36,806 based on 4,780 direct...
A company has established 6 pounds of Material J at $3 per pound as the standard...
A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 6,200 pounds of Material J that cost $17,680. The direct materials quantity variance is: $600 unfavorable. $920 unfavorable. $920 favorable. $600 favorable. $320 favorable.
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A...
The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quantity standard allows 2 pounds of the raw material per unit produced. What is the materials price variance? Give equation used as well.
The standard materials cost to produce 1 unit of Product R is 9 pounds of material...
The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $54 per pound. In manufacturing 6,400 units, 55,400 pounds of material were used at a cost of $56 per pound. What is the direct materials price variance?
The standard materials cost to produce 1 unit of Product R is 7 pounds of material...
The standard materials cost to produce 1 unit of Product R is 7 pounds of material at a standard price of $47 per pound. In manufacturing 6,000 units, 41,000 pounds of material were used at a cost of $48 per pound. What is the total direct materials cost variance?
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 5 pounds at $0.80 per pound 0.5 hour at $8.00 per hour 0.5 hour at $3.00 per hour -$4.00 -$4.00 -$1.50 During the latest month, the company purchased and used 48,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $36,806 based on 4,780 direct...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
Most questions answered within 3 hours.
-
You are planning for retirement. You plan to work for 20 years.
Starting a year from...
asked 1 minute ago -
which of the following is capital?
the barn a farmer uses to hold the chickens he...
asked 3 minutes ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 14 minutes ago -
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 10 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 36 minutes ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 34 minutes ago -
Solid NaOH is added to a solution of 0.50 M acetic acid until
the pH of...
asked 38 minutes ago -
Which of the following statements is not a characteristic of the
Internal Revenue Code?
A) The...
asked 45 minutes ago -
Say true or false and explain it.
A heap is represented using an array. The array...
asked 55 minutes ago -
Explain how the DNA replication enzyme complex is organized and
functions, please don't copy paste from...
asked 55 minutes ago -
how
can personality contribute to one scoring high on the need to
evaluate measurement by Jarvis?
asked 56 minutes ago -
A high jumper is attempting to jump over a crossbar that is
placed at a height...
asked 1 hour ago