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QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4...
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned...
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned a $160,000 standard direct materials cost. The direct materlals variances included a $14,000 favorable price variance and a $2700 favorable quantity variance. What is the actual total direct materials cost for the current period? Actual total direct materials cost
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorabl...
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in...
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $29,000 unfavorable direct labor rate variance and a $14,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $370,000 standard direct labor cost What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 8-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct materials standard (4...
QS 8-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct materials standard (4 lbs.@ $2 per 1b.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used 8 per finished unit 400,00e lbs. 70,000 units $700,eee AQ Actual Quantity SQ = Standard Quantity AP Actual Price SP = Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost
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...
QS 21-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct materials standard 4 lbs.$2 per lb.) Actual direct materials used (AQ) 8 per finiphed unit 340,000 lba Actual finished units produced Actual cost of direct materials used 72,000 units $612,000 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost AQ АР AQ...
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage...
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials stan...
QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials standard (10 lba. Actual finished units produced Actual coat of direct materials used $6 per lb.) $ 60 per finished unit 40,000 units $2,438,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. % Answer is complete but not entirely correct. Direct materials cost Unfavorable variance
QS 21-8 Materials variances LO P2 Tercer reports the following for one of its products. $2 per lb.) Direct materials st...
QS 21-8 Materials variances LO P2 Tercer reports the following for one of its products. $2 per lb.) Direct materials standard (4 lbs. Actual direct materials used (1) Actual inlated units produced Actual cost of direct materials used $ per finished unit 340.000 lbs. 72.000 units $612.000 AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard...
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned a $160,000 standard direct materials cost. The direct materlals variances included a $14,000 favorable price variance and a $2700 favorable quantity variance. What is the actual total direct materials cost for the current period? Actual total direct materials cost
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $29,000 unfavorable direct labor rate variance and a $14,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $370,000 standard direct labor cost What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 8-8 Materials variances LO P2 Tercer reports the following for one of its products. Direct materials standard (4 lbs.@ $2 per 1b.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used 8 per finished unit 400,00e lbs. 70,000 units $700,eee AQ Actual Quantity SQ = Standard Quantity AP Actual Price SP = Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost
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 materials standard 4 lbs.$2 per lb.) Actual direct materials used (AQ) 8 per finiphed unit 340,000 lba Actual finished units produced Actual cost of direct materials used 72,000 units $612,000 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost AQ АР AQ...
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials standard (10 lba. Actual finished units produced Actual coat of direct materials used $6 per lb.) $ 60 per finished unit 40,000 units $2,438,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. % Answer is complete but not entirely correct. Direct materials cost Unfavorable variance
QS 21-8 Materials variances LO P2 Tercer reports the following for one of its products. $2 per lb.) Direct materials standard (4 lbs. Actual direct materials used (1) Actual inlated units produced Actual cost of direct materials used $ per finished unit 340.000 lbs. 72.000 units $612.000 AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard...
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