Use the following information for the Exercises below. [The following information applies to the questions displayed...
Use the following information for the Exercises below.
[The following information applies to the questions displayed
below.]
Hart Company made 4,900 bookshelves using 22,000 board feet of wood
costing $261,800. The company's direct materials standards for one
bookshelf are 5 board feet of wood at $11.80 per board foot.
Exercise 23-13 Computation and interpretation of materials variances LO P2
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.
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Homework Answers
| Material price variance = (SP-AP)*AQ | ||||
| material price variance = (11.80-11.90)*22000 | ||||
| material price variance = 2200 Unfavorable | ||||
| material quantity variance = (SQ-AQ)*SP | ||||
| Material quantity variance = (5*4900-22000)*11.80 | ||||
| material quantity variance = 29500 Favorable |
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Use the following information for the Exercises below.
[The following information applies to the questions displayed...
0 Required information Use the following information for the Exercises below. [The following information applies to...
0 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 3,800 bookshelves using 20,000 board feet of wood costing $258,000. The company's direct materials standards for one bookshelf are 6 board feet of wood at $12.80 per board foot. Exercise 8-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,700 bookshelves using 36,000 board feet of wood costing $378,000. The company's direct materials standards for one bookshelf are 8 board feet of wood at $10.40 per board foot. Exercise 21-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,600 bookshelves using 31,000 board feet of wood costing $359,600. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.50 per board foot. Exercise 21-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,500 bookshelves using 21,000 board feet of wood costing $241,500. The company's direct materials standards for one bookshelf are 5 board feet of wood at $11.40 per board foot. Exercise 8.13 C。mputation and interpretation of materials variances LO P2 1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ- Actual Quantity SQ Standard...
! Required information 2 (The following information applies to the questions displayed below.] Hart Company made...
! Required information 2 (The following information applies to the questions displayed below.] Hart Company made 4,100 bookshelves using 23,000 board feet of wood costing $255,30o0. The company's direct materials standards for one bookshelf are 6 board feet of wood at $11.00 per board foot (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost $ 0 0 EAEA
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Required information [The following information applies to the questions displayed below.] Hart Company made 3,800...
Required information [The following information applies to the questions displayed below.] Hart Company made 3,800 bookshelves using 20,000 board feet of wood costing $258,000. The company's direct materials standards for one bookshelf are 6 board feet of wood at $12.80 per board foot. (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves, AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price Actual Cost Standard Cost
Help Save & Exit Submit Required information [The following information applies to the questions displayed below.]...
Help Save & Exit Submit Required information [The following information applies to the questions displayed below.] Hart Company made 4,400 bookshelves using 34,000 board feet of wood costing $387600. The company's direct materials standards for one bookshelf are 8 board feet of wood at $11.30 per board foot (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 5tandard Cost Actual Cost AQ SP...
Required information (The following information applies to the questions displayed below.) Hart Company made 3,160 bookshelves...
Required information (The following information applies to the questions displayed below.) Hart Company made 3,160 bookshelves using 22,160 board feet of wood costing $285,864. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.80 per board foot. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (2) Hart applies management by...
Check my work Hart Company made 5,000 bookshelves using 32,000 board feet of wood costing $384,000....
Check my work Hart Company made 5,000 bookshelves using 32,000 board feet of wood costing $384,000. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.90 per board foot. Part 1 of 2 Exercise 23-13 Computation and interpretation of materials variances LO P2 points AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Skipped (1) Compute the direct materials price and quantity variances incurred in manufacturing these...
Required information [The following information applies to the questions displayed below.] Hart Company made 3,060 bookshelves...
Required information
[The following information applies to the questions displayed
below.]
Hart Company made 3,060 bookshelves using 22,060 board feet of wood
costing $273,544. The company's direct materials standards for one
bookshelf are 8 board feet of wood at $12.30 per board foot.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances
and classify each as favorable or unfavorable.
(2) Hart applies management by...
0 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 3,800 bookshelves using 20,000 board feet of wood costing $258,000. The company's direct materials standards for one bookshelf are 6 board feet of wood at $12.80 per board foot. Exercise 8-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,700 bookshelves using 36,000 board feet of wood costing $378,000. The company's direct materials standards for one bookshelf are 8 board feet of wood at $10.40 per board foot. Exercise 21-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,600 bookshelves using 31,000 board feet of wood costing $359,600. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.50 per board foot. Exercise 21-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hart Company made 4,500 bookshelves using 21,000 board feet of wood costing $241,500. The company's direct materials standards for one bookshelf are 5 board feet of wood at $11.40 per board foot. Exercise 8.13 C。mputation and interpretation of materials variances LO P2 1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ- Actual Quantity SQ Standard...
! Required information 2 (The following information applies to the questions displayed below.] Hart Company made 4,100 bookshelves using 23,000 board feet of wood costing $255,30o0. The company's direct materials standards for one bookshelf are 6 board feet of wood at $11.00 per board foot (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost $ 0 0 EAEA
!...
Required information [The following information applies to the questions displayed below.] Hart Company made 3,800 bookshelves using 20,000 board feet of wood costing $258,000. The company's direct materials standards for one bookshelf are 6 board feet of wood at $12.80 per board foot. (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves, AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price Actual Cost Standard Cost
Help Save & Exit Submit Required information [The following information applies to the questions displayed below.] Hart Company made 4,400 bookshelves using 34,000 board feet of wood costing $387600. The company's direct materials standards for one bookshelf are 8 board feet of wood at $11.30 per board foot (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 5tandard Cost Actual Cost AQ SP...
Required information (The following information applies to the questions displayed below.) Hart Company made 3,160 bookshelves using 22,160 board feet of wood costing $285,864. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.80 per board foot. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (2) Hart applies management by...
Check my work Hart Company made 5,000 bookshelves using 32,000 board feet of wood costing $384,000. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.90 per board foot. Part 1 of 2 Exercise 23-13 Computation and interpretation of materials variances LO P2 points AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Skipped (1) Compute the direct materials price and quantity variances incurred in manufacturing these...
Required information
[The following information applies to the questions displayed
below.]
Hart Company made 3,060 bookshelves using 22,060 board feet of wood
costing $273,544. The company's direct materials standards for one
bookshelf are 8 board feet of wood at $12.30 per board foot.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances
and classify each as favorable or unfavorable.
(2) Hart applies management by...
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