Homework Answers
Answer- The flexible-budget variance for material is =$5560 Favorable.
Explanation- Flexible-budget variance for material = ($37 per unit-$33 per unit)*1390 units
= $5560 Favorable
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Better Products Inc. planned to use $37 of material per unit but actually used $33 of material per unit, and planned to...
This Question: 1 pt 6 of 10 (0 complete) This Quiz: 10 pts possib Better Products...
This Question: 1 pt 6 of 10 (0 complete) This Quiz: 10 pts possib Better Products Inc. planned to use $45 of material per unit but actually used $30 of material per unit, and planned to make 1,530 units but actually made 1,320 units. The flexible - budget variance for materials is O A. $22,950 unfavorable OB. $19,800 favo ble OC. $19,800 unlorable OD. $22.950 table Click to ect your
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:
Hanson Inc. has the following material standard to manufacture one unit of product: 1.5 pounds per...
Hanson Inc. has the following material standard to manufacture one unit of product: 1.5 pounds per Unit at $4.00 per pound Last week, 2,800 pounds of material were purchased at a total cost of $10,920, and 1,700 pounds were used to make 1,000 units. 3) Hanson’s material price variance (MPV) for the week was: $280 unfavorable. $280 favorable. $800 unfavorable. $800 favorable. 4) Hanson’s material quantity variance (MQV) for the week was: $5200 unfavorable. $5200 favorable. $800 unfavorable. $800 favorable.
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50...
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Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has...
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...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
A company planned to use 1 yard of plastic per unit budgeted at $81 a yard....
A company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company made 4,200 units. Total yards used for production were 3,960. What is the material quantity variance?
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
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,...
Knowledge Check 02 Pastel Papers Inc. produces wrapping paper. The standard direct materials quantity is 0.20 pound per...
Knowledge Check 02 Pastel Papers Inc. produces wrapping paper. The standard direct materials quantity is 0.20 pound per unit and the standard rate is $0.30 per pound. During June, the company actually purchased and used 1,800 pounds of direct materials to produce 7,500 units, at an average cost of $0.40 per pound. Calculate the direct materials price variance. $180 favorable $750 favorable $750 unfavorable $180 unfavorable Pastel Papers Inc. produces wrapping paper. The standard direct materials quantity is 0.20 pound...
Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that...
Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that uses ammonia, and floor cleanser that uses bleach. Information for the most recent period follows: Product Names Window Cleaner(ammonia) Floor Cleaner(bleach) Direct materials information Standard ounces per unit 16 oz. 24 oz. Standard price (SP) per ounce $ 0.25 ? Actual quantity (AQ) used per unit 20 oz. 22 oz. Actual price (AP) paid for material $ 1.75 $ 0.72 Actual quantity purchased (AQP)...
This Question: 1 pt 6 of 10 (0 complete) This Quiz: 10 pts possib Better Products Inc. planned to use $45 of material per unit but actually used $30 of material per unit, and planned to make 1,530 units but actually made 1,320 units. The flexible - budget variance for materials is O A. $22,950 unfavorable OB. $19,800 favo ble OC. $19,800 unlorable OD. $22.950 table Click to ect your
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47,000 unfevorable $47000 favorable $50,000 unfavcracle Multiple Choice $47,000 unfavorable. $47,000 favorable. $50,000 unfavorable $50,000 favorable. Prex 1 of 20 Next Fletcher Company collected the following data regarding production of...
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...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
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,...
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