Homework Answers
Answer
- Direct Material Cost Variance = $ 38,000 Unfavourable
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Direct Material Cost Variance |
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( |
Standard Cost = 40000 units x $ 60 per uni |
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Actual Cost |
) |
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|
( |
$ 2,400,000.00 |
- |
$ 2,438,000.00 |
) |
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-38000 |
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Variance |
$ 38,000.00 |
Unfavourable-U |
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QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials stan...
QS 8-7 Materials variances exception LO P2 Tercer reports the following for one of its products....
QS 8-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials standard (2 lbs. @ $5 per lb.) Actual finished units produced Actual cost of direct materials used $ 10 per finished unit 50,000 units $ 516,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. Direct materials cost variance
QS 21-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct...
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QS 8-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct materials standard (4...
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Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $2 per lb.) $ 8 per finished unit Actual finished units produced 60,000 units Actual cost of direct materials used $ 535,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. Direct materials cost variance Unfavorable
Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $2...
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Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $3...
Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $3 per lb.) Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 90,000 units $1,100,000 Compute the total direct materials cost variance and classify it as favorable, unfavorable or no variance. Direct materials cost variance
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