An organization planned to use $93 of direct materials per unit of output, but it actually...
An organization planned to use $93 of direct materials per unit of output, but it actually used $91 per unit. During this period, the company planned to make 2,410 units, but produced only 2,100 units.
QUESTION:
The flexible budget amount for direct materials cost is:
Homework Answers
Solution:
Flexible budget amount for material = Actual units produced * Budgeted material cost per unit
=2,100*93
=$195,300
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Input Cost per Output Unit Direct materials 2 lbs. at $6 per lb. $12.00 Direct manufacturing...
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
An organization planned to use $100 of direct mapenals per unt of output, but e actuaity used 598 per unt During this period, the company planned to make 3.380 unvits, but produced only 2.800 units The hesitle budget amount for dierect materias cost is uiple Choce O $274 800 280000 118000 66 272
Better Products Inc. planned to use $37 of material per unit but actually used $33 of material per unit, and planned to make 1,520 units but actually made 1,390 units. The flexible - budget variance for materials is O A. $6,080 unfavorable B. $6,080 favorable O C. $5,560 unfavorable O D. $5,560 favorable
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
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