The answer has been presented in the supporting sheets. All the parts has been solved with detailed explanation and formulas and format. For detailed answers refer to the supporting sheets.
The following materials standards have been established for a particular product: Standard quantity per unit of...
10.00 points The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.9 grams $12.00 per grams The following data pertain to operations concerning the product for the last month 3,800 grams Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output S 44,270 3,100 grams 570 units The direct materials purchases variance is computed when the materials are purchased Required a. What is the materials...
The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0 meters Standard price $ 18.30 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 9,700 meters Actual cost of materials purchased $ 185,270 Actual materials used in production 9,200 meters Actual output 1,510 units What is the materials price variance for the month? Multiple Choice $2,674 U $10,200 U $7,760 U $15,950 U...
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.6 pounds $14.40 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 6,600 pounds $64,080 6,100 pounds 820 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month?
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 6.3 pounds $15.10 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,650 pounds $64, 780 7,150 pounds 890 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the...
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 pounds $13.30 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month?...
he following materials standards have been established for a particular product: Standard quantity per unit of output 5.0 pounds Standard price $ 13.80 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 5,700 pounds Actual cost of materials purchased $ 63,480 Actual materials used in production 5,200 pounds Actual output 760 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for...
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 meters Standard price $ 18.70 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,500 meters Actual cost of materials purchased $ 147,750 Actual materials used in production 7,100 meters Actual output 1,550 units What is the materials price variance for the month? Multiple Choice $7,900 U $5,516 U $7,500 U $13,450 U
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3 meters $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 9, 300 meters $188,140 8,700 meters 1,600 units What is the materials price variance for the month? Multiple Choice $4.4510 o oo $9.580 U $9.900 0 $17.280
thank you The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.8 pounds $13.60 per pound The following data pertain to operations concerning the product for the last month: 5,400 pounds Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output $63,280 4,900 pounds 740 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for...
9-10-12 The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price : 6.3 pounds $15.10 per pound The following data pertain to operations concerning the product for the last month: 7,650 pounds $64,780 Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 890 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month?...