Homework Answers
| Answer : $6450 favorable | |||||||||
| => DMQV = (Std. material allowed for actual production - actual usage) * Std. price | |||||||||
| Std. material cost at actual output = actual cost + flexible budget variance = 5000*1.35 + 5700 = 12450 | |||||||||
| Std. allowed quantity material for actual output = 12450/1.2 = 10375 pounds | |||||||||
| DMQV = (10375 - 5000)* 1.2 = $6450 F | |||||||||
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Bluebird Bakery produces bread sticks. A primary direct material is flour. Here are data regarding Bluebird's...
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During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per...
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The Bakery with a View produces organic bread that is sold by the loaf. Each loaf...
The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: EEE (Click the icon to view the units to be produced.) bakery has a policy that it will have 20% of the follow ng month's flour...
During June, Danby Company’s material purchases amounted to 15,190 pounds at a price of $6.00 per...
During June, Danby Company’s material purchases amounted to
15,190 pounds at a price of $6.00 per pound. Actual costs incurred
in the production of 2,450 units were as follows:
Direct labor:
$
78,144
($14.80 per hour)
Direct material:
$
75,180
($6.00 per pound)
The standards for one unit of Danby Company’s product are as
follows:
Direct Labor:
Direct Material:
Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
The Bakery at the Lake produces organic bread that is sold by the loaf. Each loaf...
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The Bakery at the Ocean produces organic bread that is sold by the loaf. Each loaf...
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The Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E(Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour needs...
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The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E: (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour...
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...
The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: EEE (Click the icon to view the units to be produced.) bakery has a policy that it will have 20% of the follow ng month's flour...
During June, Danby Company’s material purchases amounted to
15,190 pounds at a price of $6.00 per pound. Actual costs incurred
in the production of 2,450 units were as follows:
Direct labor:
$
78,144
($14.80 per hour)
Direct material:
$
75,180
($6.00 per pound)
The standards for one unit of Danby Company’s product are as
follows:
Direct Labor:
Direct Material:
Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
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