A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost
information. Compute the total direct materials cost
variance.
| Standard costs assigned: | |||
| Direct materials standard cost (419,000 units @ $4.00 / unit) | $ | 1,676,000 | |
| Actual costs: | |||
| Direct Materials costs incurred (417,750 units @ $4.20 / unit) | $ | 1,754,550 | |
Multiple Choice
-
$78,550 Unfavorable.
-
$78,550 Favorable.
-
$5,000 Favorable.
-
$83,550 Unfavorable.
-
$83,550 Favorable.
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A company provided the following direct materials cost
information. Compute the total direct materials cost
variance....
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $3.00/unit) $ 1,257,000 Actual costs: Direct Materials costs incurred (416,000 units @ $3.20/unit) $ 1,331,200 Multiple Choice $1,257,000 Favorable. $1,257,000 Unfavorable. $83,200 Unfavorable. $83,200 Favorable. $83,800 Favorable.
) A company provided the following direct materials cost information. Compute the total direct materials cost variance....
) A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (205,000 units @ $1.00/unit) $ 405,000 Actual costs: Direct Materials costs incurred (203,750 units @ $1.10/unit) $ 444,125 Enter your answer here: (Tip: be familiar with whether your numeric answer is either favorable or unfavorable) 4) A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (406,000 units @ $2.10/unit) $ 852,600 Actual costs: Direct Materials costs incurred (404,850 units @ $2.30/unit) $ 931,155 Multiple Choice $852,600 Favorable. $852,600 Unfavorable. $80,970 Unfavorable. $80,970 Favorable. $81,200 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (410,000 units @ $3.90/unit) $ 1,599,000 Actual costs: Direct Materials costs incurred (409,250 units @ $4.00/unit) $ 1,637,000 $1,599,000 Favorable. $1,599,000 Unfavorable. $40,925 Unfavorable. $40,925 Favorable. $41,000 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400...
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (406,000 units @ $3.00 / unit) $ 1,218,000 Actual costs: Direct materials costs incurred (404,750 units @ $3.20 / unit) $ 1,295,200
MC Qu. 48 A company provided the following... A company provided the following direct materials cost...
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
The following company information is available. The direct materials quantity variance is: Direct materials used for...
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed...
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed overhead costs of $70,000. The company incurred total overhead costs of $180,100 while operating at a volume of 40,000 units. The total controllable cost variance is Multiple Choice $2,100 unfavorable. $2100 favorable. 33.900 favorable. $6,000 favorable $33.900 unfavorable Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single...
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed overhead costs of $70,000. The company incurred total overhead costs of $180,100 while operating at a volume of 40,000 units. The total controllable cost variance is Multiple Choice $2,100 unfavorable. $2100 favorable. 33.900 favorable. $6,000 favorable $33.900 unfavorable Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single...
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