Help
The actual output during the period was 26,625 units. The direct materials inventory increased by 2,000 pounds during the period. The standard quantity of direct material allowed is
2.75 pounds per unit
2.25 pounds per unit
2.00 pounds per unit
3.13 pounds per unit
1.81 pounds per unit
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
The following direct material information is available for Company A's most recent month of operations:
The following direct material information is available for Company A's most recent month of operations:Standard price per unit of input . . . $16 per poundActual price per unit of input . . . $14 per poundDirect Materials Price Variance . . . $120,000 FTotal Direct Materials Variance . . . $40,000 FThe actual output during the period was 26,625 units. The direct materials inventory increased by 2,000 pounds during the period. The standard quantity of direct material allowed isA.2.75 pounds per unitB.2.25 pounds per unitC.2.00 pounds per...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndar...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
Solve for all question marks please! E11-20A (similar to) Question Help Last month, Booth Corporation purchased...
Solve for all question marks
please!
E11-20A (similar to) Question Help Last month, Booth Corporation purchased and used the same quantity of ma EE(Click the icon to view the table.) Data Table Complete the following table. Medium speed bump Direct materials information Large speed bump (Round your answers to two decimal places.) Standard pounds per unit 14 Medium Standard price per pound 2.80 $ 2.00 $ Direct materials information speed bump Actual quantity purchased and used per unit 16 Standard...
Part of your company's accounting database was destroyed when Godzilla attacked the city. Through careful recreation...
Part of your company's accounting database was destroyed when Godzilla attacked the city. Through careful recreation of data, you have been able to determine that during the previous period, 20,000 units of product were produced. Raw Materials Inventory increased by 2,000 ounces during the period. Reports show that the direct material price variance was a favorable $120,000 for the period and the total direct material variances was a favorable $40,000. The actual price paid for direct material during the period...
Need help on large speed bump. How to calculate standard pounds per unit and direct materials quantity variance? Last mo...
Need help on large speed bump. How to calculate standard pounds
per unit and direct materials quantity variance?
Last month, Banner Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Large speed bump Data Table $ Medium speed bump Large speed bump 13 Direct materials information Standard pounds per unit Standard price per...
4. STANDARD COST SYSTEMS VARIANCE COMPUTATIONS Livingston Corporation recently implemented a standard cost system. The company's...
4. STANDARD COST SYSTEMS VARIANCE COMPUTATIONS Livingston Corporation recently implemented a standard cost system. The company's cost accountant has provided the following data to perform a variance analysis for May Standard Cost Information Direct Material Standard Price $12 per pound Standard Quantity Allowed Per Unit Direct Labor Standard Rate Standard Hours Allowed Per Unit Fixed Overhead Budgeted Normal Level of Production Variable Overhead Application Rate Fixed Overhead Application Rate ($24,000/12,000 units) Total Overhead Application Rate 4 pounds per unit $7...
69) Assume that a company provided the following excerpts of information from its flexible budget performance...
69) Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,495 ? $ 8,400 What is the spending variance for wages and salaries expense? Multiple Choice $176 U $176 F $81 F $81 U 75) Assume the following: The standard labor rate per hour is $17.20. The standard labor-hours allowed per unit of finished...
2. Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of stan...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
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...
During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per...
During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: Direct material: $116,745 ($18.10 per hour) $ 30,660 ($7.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $18 per hour Direct Material: Quantity, 2 pounds per unit Price, $7 per pound Required: Fill in the...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
Solve for all question marks
please!
E11-20A (similar to) Question Help Last month, Booth Corporation purchased and used the same quantity of ma EE(Click the icon to view the table.) Data Table Complete the following table. Medium speed bump Direct materials information Large speed bump (Round your answers to two decimal places.) Standard pounds per unit 14 Medium Standard price per pound 2.80 $ 2.00 $ Direct materials information speed bump Actual quantity purchased and used per unit 16 Standard...
Part of your company's accounting database was destroyed when Godzilla attacked the city. Through careful recreation of data, you have been able to determine that during the previous period, 20,000 units of product were produced. Raw Materials Inventory increased by 2,000 ounces during the period. Reports show that the direct material price variance was a favorable $120,000 for the period and the total direct material variances was a favorable $40,000. The actual price paid for direct material during the period...
Need help on large speed bump. How to calculate standard pounds
per unit and direct materials quantity variance?
Last month, Banner Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Large speed bump Data Table $ Medium speed bump Large speed bump 13 Direct materials information Standard pounds per unit Standard price per...
4. STANDARD COST SYSTEMS VARIANCE COMPUTATIONS Livingston Corporation recently implemented a standard cost system. The company's cost accountant has provided the following data to perform a variance analysis for May Standard Cost Information Direct Material Standard Price $12 per pound Standard Quantity Allowed Per Unit Direct Labor Standard Rate Standard Hours Allowed Per Unit Fixed Overhead Budgeted Normal Level of Production Variable Overhead Application Rate Fixed Overhead Application Rate ($24,000/12,000 units) Total Overhead Application Rate 4 pounds per unit $7...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
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...
During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: Direct material: $116,745 ($18.10 per hour) $ 30,660 ($7.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $18 per hour Direct Material: Quantity, 2 pounds per unit Price, $7 per pound Required: Fill in the...
Most questions answered within 3 hours.
-
The following chart shows the data for the oxidation of a
substrate to enzyme. The reaction...
asked 9 minutes ago -
A proton travels through uniform magnetic and electric fields.
The magnetic field is in the negative...
asked 12 minutes ago -
In a closed resonance tube resonance occurs at odd multiples of
quarter wavelengths. What is the...
asked 17 minutes ago -
Discuss "Radical Reactions in Alkanes" giving one example. Your
explanation should include relevant mechanisms and reference...
asked 25 minutes ago -
What is the difference between a doubly and singly
linked list and what would this code...
asked 32 minutes ago -
Two light sources are used in a photoelectric experiment to
determine the work function for a...
asked 41 minutes ago -
What are the possible consequences of China's
continuing control of access to the internet?
asked 45 minutes ago -
An apple at 30°C with average mass of 0.2 kg and average
specific heat of 3.65...
asked 46 minutes ago -
What is the Account Receivable cycle in details? please
provide the link of the book or...
asked 54 minutes ago -
A retired couple supplement their income by making fruit pies,
which they sell to a local...
asked 56 minutes ago -
Needing some help on the below:
I believe that the proportion of people who live in...
asked 1 hour ago -
Gorillas can travel great distances to forage and their ranges
are large enough that they do...
asked 1 hour ago