![Becarefu-files from the Internet 钅 PROTECTEDVIEW 11 E25-7 Compute materials and labor variances | v 丘 ▼ A1 G H X AP ) minus ( SQ : X-SP)-) 21 Vaue X Valueminus Value X Value) (a) Total Materials Variance: ? minusValue 23 AQXAP minusAQX SP) X | Value!) minus ( | Value IX 「Value! ) 25 Materials price variance: 271 :(Nalue minus ? Value 28 1 Materials quantity variance Value X Value minus Value X Value ? I minus l ? value ! 36 b) Total Labor Variance 39Value XV manus L-2 ] I Value 3 Labor Price variance: ValueXVaeminus ValueXalue) minusValue Labor quantity variance AH (1 Value ) minus ( SH.., X SR ) X Value! ) minus s After you have completed the requirements of E11-7, consider this additional question 1. Assume that the actual quantity and price paid for direct material and labor changed to the following Direct matenals purchased and used (2,000 pounds) Direct labor (720 hours) E25-7 LE2202](http://img.homeworklib.com/questions/1899c130-a5e8-11ea-bbc5-7dacc0636800.png?x-oss-process=image/resize,w_560)
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And with this question recalculate total variance, price, and...
please be as clear and as simple as possible. I am trying to understand it. show...
please be as clear and as
simple as possible. I am trying to understand it. show me the
steps, not only the answers. thank you in advance.
E25-2 Compute standard materials costs Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch. 3,000 ounces of grape concentrate at $0.06 per ounce 54 pounds of granulated sugar at $0.30 per pound 60 lemons at...
please be as clear and as simple as possible. I am trying to understand it. show...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
525.5 Compute materials price and quantity variance The standard cost of Product B manufactured by MIT Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce...
please be as clear and as simple as possible. I am trying to understand it. show...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
525.5 Compute materials price and quantity variance The standard cost of Product B manufactured by MIT Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 Direct materials (8 pounds at $2.50 per pound) Direct labor (3 hours at $12.00 per hour) $36 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $5,035 $8,120 Compute the total, price, and quantity variances for materials and...
Can you please find the correct input for the materials quantity variance. The second picture explains...
Can you please find the correct input for the materials quantity
variance. The second picture explains how to find it.
Disclaimer: The answer is neither 6,555 or 10,005. Have already
tried those and it is wrong.
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 7.10 pounds 0.50 hours Standard Price or Rate $ 2.50 per pound $14.50 per hour...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total,...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Unfavorable Neither favorable nor unfavorable Favorable Materials quantity variance $ Total labor variance Labor price variance Labor quantity variance 110 Click if you would like to Show Work for this question: Open Show Work Exercise 23-7 Levine Inc., which produces a single product, has prepared the following 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...
Need help finding the materials price Variance. Exercise 10-7 Direct Materials Variances (LO10-1) Huron Company produces...
Need help finding the materials price Variance.
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 4.6 pounds 0.2 hours Standard Price or Rate $ 2.50 per pound $18.00 per hour Standard Cost $11.50 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twenty thousand pounds...
ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepare...
ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Support Direct materials (6 pounds at $1.60 per pound) $9.60 Direct labor (3 hours at $11.00 per hour) $33.00 During the month of April, the company manufactures 180 units and Incurs the following actual costs. Direct materials purchased and used (2.400 pounds) $4,320 Direct labor (560 hours) $6,048 Compute the total...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per lb. 10,600 hours for a total of $217,300 63,000 1,600 hour. 29.9 5. IS DE $217,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour. AH = Actual Hours SH = Standard Hours AR = Actual...
please be as clear and as
simple as possible. I am trying to understand it. show me the
steps, not only the answers. thank you in advance.
E25-2 Compute standard materials costs Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch. 3,000 ounces of grape concentrate at $0.06 per ounce 54 pounds of granulated sugar at $0.30 per pound 60 lemons at...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
525.5 Compute materials price and quantity variance The standard cost of Product B manufactured by MIT Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce...
please be as clear and as simple as possible. I am trying to
understand it. show me the steps, not only the answers. thank you
in advance.
525.5 Compute materials price and quantity variance The standard cost of Product B manufactured by MIT Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 Direct materials (8 pounds at $2.50 per pound) Direct labor (3 hours at $12.00 per hour) $36 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $5,035 $8,120 Compute the total, price, and quantity variances for materials and...
Can you please find the correct input for the materials quantity
variance. The second picture explains how to find it.
Disclaimer: The answer is neither 6,555 or 10,005. Have already
tried those and it is wrong.
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 7.10 pounds 0.50 hours Standard Price or Rate $ 2.50 per pound $14.50 per hour...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Unfavorable Neither favorable nor unfavorable Favorable Materials quantity variance $ Total labor variance Labor price variance Labor quantity variance 110 Click if you would like to Show Work for this question: Open Show Work Exercise 23-7 Levine Inc., which produces a single product, has prepared the following 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...
Need help finding the materials price Variance.
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 4.6 pounds 0.2 hours Standard Price or Rate $ 2.50 per pound $18.00 per hour Standard Cost $11.50 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twenty thousand pounds...
ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Support Direct materials (6 pounds at $1.60 per pound) $9.60 Direct labor (3 hours at $11.00 per hour) $33.00 During the month of April, the company manufactures 180 units and Incurs the following actual costs. Direct materials purchased and used (2.400 pounds) $4,320 Direct labor (560 hours) $6,048 Compute the total...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per lb. 10,600 hours for a total of $217,300 63,000 1,600 hour. 29.9 5. IS DE $217,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour. AH = Actual Hours SH = Standard Hours AR = Actual...
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