SP | SQ | AP | AQ | SP.SQ | AP.AQ |
84 | 3900 | 80 | 3960 | 327600 | 316800 |
Total material variance:-
=SP.SQ - AP.AQ
=327600 - 316800
=10800 F
Answer = d. $10,800 F
14 LiyanCompany budgeted to produce 3,300 units but actual production is 3,900 units. Budgeted usage of...
can someone help me with 13 please d26 50 12 Unlavorable materials price and quantity variances are generally the responsibility of the Price Purchasing department Purchasing department Production department Production Department Quantity Purchasing Department Production Department Production Department Purchasing Department c. 13. Scorpion Production Company planned to use I yard of plastic per unit budgeted at $81 a yard. However the plastic actually cost $80 per yard. The company actually made 3,900 units, although it had planned to make only...
3200 7. Scorpion Production Company planned to use 1 yard of plastic per uinit made 3900 nits, althoute However, the plastic actually cost $80 per yard. The company actually mate 3.960. How m had planned to make only 3,300 units. Total yards used for production total materials variance? A) $48,600 U B) $3,960 F 313,000 - (ASP $900 U 3900 x 8 31 5,9 30 C D) $4,860 U 313.009 319.ooo . - 34 7,3od ε 44. 100 38. Benson...
A company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company made 4,200 units. Total yards used for production were 3,960. What is the material quantity variance?
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 following data are given for Stringer Company: Budgeted production 909 units Actual production 1,036 units Materials: Standard price per ounce $1.82 Standard ounces per completed unit 12 Actual ounces purchased and used in production 12,805 Actual price paid for materials $26,250 Labor: Standard hourly labor rate $14.95 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,335.4 Actual total labor costs $81,365 Overhead: Actual and budgeted fixed overhead $1,110,000 Standard variable overhead rate $28.00 per...
Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 3 pounds @ $0.60 per pound Direct labor 0.5 hr. @ $16.00 per hour VOH 0.5 hr. @ $2.20 FOH: Materials handling $6,200 Depreciation $2,600 At the end of the year, Bowling had the following actual costs for production of 3,800 units: Direct materials $6,800 Direct labor 30,500 VOH 4,200 FOH: Materials handling 6,300 Depreciation $2,600 Required: 1....
The following data are given for Harry Company: Budgeted production 1,054 units Actual production 937 units Materials: Standard price per ounce $1.919 Standard ounces per completed unit 11 Actual ounces purchased and used in production 10,616 Actual price paid for materials $21,763 Labor: Standard hourly labor rate $14.76 per hour Standard hours allowed per completed unit 4.3 Actual labor hours worked 4,826 Actual total labor costs $78,423 Overhead: Actual and budgeted fixed overhead $1,025,000 Standard variable overhead rate $24.00 per...
1. Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,970 yards with the desired ending balance of 3,700 yards of material. If the material costs $5.80 per yard, determine the materials budget for the year. $ 2. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 626,000 units, estimated beginning inventory is 106,000 units,...
The following data is given for the Bahia Company: Budgeted production 1,040 units Actual production 906 units Materials: Standard price per pound $1.866 Standard pounds per completed unit 11 Actual pounds purchased and used in production 9,667 Actual price paid for materials $19,817 Labor: Standard hourly labor rate $14.62 per hour Standard hours allowed per completed unit 4.0 Actual labor hours worked 4,665.9 Actual total labor costs $71,155 Overhead: Actual and budgeted fixed overhead $1,181,000 Standard variable overhead rate $26.00...
Turrubiates Corporation makes a product that uses a material with the following standards 8.0 liters per unit $ 2.50 per liter $20.00 per unit Standard quantity Standard price Standard cost The company budgeted for production of 3,800 units in April, but actual production was 3,900 units. The company used 32,000 liters of direct material to produce this output. The company purchased 20,100 liters of the direct material at $2.60 per Iter The direct materials purchases variance is computed when the...