Ruby Company produces a chair that requires 3 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 3 yards of material per unit. The standard price of one yard of material is $10.60. During the month, 4,600 chairs were manufactured, using 14,100 yards at a cost of $11.13 per yard. Enter favorable variances as negative numbers.
| (a) | Determine the price variance. | $ | Favorable |
| (b) | Determine the quantity variance. | $ | Unfavorable |
| (c) | Determine the cost variance. | $ | Favorable |
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Ruby Company produces a chair that requires 3 yards of material
per unit. The standard price...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price of one yard of material is $9.60. During the month, 6,300 chairs were manufactured, using 24,900 yards at a cost of $10.08 per yard. Enter favorable variances as negative numbers. (a) Determine the price variance. (b) Determine the quantity variance. Favorable (c) Determine the cost variance. Unfavorable
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $10.20. During the month, 7,300 chairs were manufactured, using 50,100 yards at a cost of $9.69 per yard. Determine the following: Enter favorable variances as negative numbers. a. Price Variance 25,551 b. Quantity Variance C. Cost Variance
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price of one yard of material is $12.20. During the month, 5,600 chairs were manufactured, using 22,600 yards at a cost of $11.47 per yard. Determine the following: Enter favorable variances as negative numbers. a. Price Variance b. Quantity Variance c. Cost Variance
Ruby Company produces a chair that requires 5 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $14.00. During the month, 7,900 chairs were manufactured, using 40,300 yards at a cost of $14.84 per yard. Enter favorable variances as negative numbers. (a) Determine the price variance. सी (b) Determine the quantity variance. सी (c) Determine the cost variance. है
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price of one yard of material is $12.80. During the month, 5,200 chairs were manufactured, using 21,000 yards at a cost of $12.16 per yard. Determine the following: Enter favorable variances as negative numbers. a. Price Variance $ b. Quantity Variance $ c. Cost Variance $ The standard costs and actual costs for direct materials for the manufacture of 2,020 actual units of product are...
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is...
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $9.5 per pound. If 3,400 units used 42,400 pounds, which were purchased at $9.02 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds...
Bellingham Company produces a product that requires 7 standard pounds per unit. The standard price is...
Bellingham Company produces a product that requires 7 standard
pounds per unit. The standard price is $3 per pound. If 2,600 units
required 17,700 pounds, which were purchased at $3.12 per pound,
what is the direct materials (a) price variance, (b) quantity
variance, and (c) total direct materials cost variance? Enter a
favorable variance as a negative number using a minus sign and an
unfavorable variance as a positive number.
Direct Materials Variances Bellingham Company produces a product that requires...
Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is...
Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $11.5 per pound. If 3,100 units used 44,300 pounds, which were purchased at $11.15 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ Favorable b. Direct materials quantity variance $...
Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is...
Dvorak Company produces a product that requires 5 standard
pounds per unit. The standard price is $2.50 per pound. If 1,000
units required 4,500 pounds, which were purchased at $3.00 per
pound, what is the direct materials (a) price variance, (b)
quantity variance, and (c) total direct materials cost variance?
Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Unfavorable 2,250 a. Direct materials price variance Favorable 1,250 х...
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $10 per pound. If 2,200 units used 12,800 pounds, which were purchased at $10.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance Unfavorable b. Direct materials quantity...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price of one yard of material is $9.60. During the month, 6,300 chairs were manufactured, using 24,900 yards at a cost of $10.08 per yard. Enter favorable variances as negative numbers. (a) Determine the price variance. (b) Determine the quantity variance. Favorable (c) Determine the cost variance. Unfavorable
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $10.20. During the month, 7,300 chairs were manufactured, using 50,100 yards at a cost of $9.69 per yard. Determine the following: Enter favorable variances as negative numbers. a. Price Variance 25,551 b. Quantity Variance C. Cost Variance
Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $14.00. During the month, 7,900 chairs were manufactured, using 40,300 yards at a cost of $14.84 per yard. Enter favorable variances as negative numbers. (a) Determine the price variance. सी (b) Determine the quantity variance. सी (c) Determine the cost variance. है
Bellingham Company produces a product that requires 7 standard
pounds per unit. The standard price is $3 per pound. If 2,600 units
required 17,700 pounds, which were purchased at $3.12 per pound,
what is the direct materials (a) price variance, (b) quantity
variance, and (c) total direct materials cost variance? Enter a
favorable variance as a negative number using a minus sign and an
unfavorable variance as a positive number.
Direct Materials Variances Bellingham Company produces a product that requires...
Dvorak Company produces a product that requires 5 standard
pounds per unit. The standard price is $2.50 per pound. If 1,000
units required 4,500 pounds, which were purchased at $3.00 per
pound, what is the direct materials (a) price variance, (b)
quantity variance, and (c) total direct materials cost variance?
Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Unfavorable 2,250 a. Direct materials price variance Favorable 1,250 х...
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $10 per pound. If 2,200 units used 12,800 pounds, which were purchased at $10.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance Unfavorable b. Direct materials quantity...
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