merald Marine Stores Company manufactures decorative fittings for luxury yachts that require highly skilled labor, and...
merald Marine Stores Company manufactures decorative fittings
for luxury yachts that require highly skilled labor, and special
metallic materials.
Emerald uses standard costs to prepare its flexible budget. For the
first quarter of 2015, direct material and direct labor standards
for one of their popular products were as follows:
Direct materials: 1 pound per unit; $12 per pound
Direct labor: 4 hours per unit; $15 per hour
Emerald produced 5,000 units during the quarter. At the end of the
quarter, an examination of the materials records showed that the
company used 7,000 pounds of materials and actual total material
costs were $98,000.
Calculate the direct materials PRICE Variance.
Group of answer choices
$38,000 Unfavorable
$38,000 Favorable
$14,000 Unfavorable
$14,000 Favorable
Homework Answers
Materials Price Variance
= (SP-AP) *AQ
= (12 - 98,000/7,000)*7,000
= (12 - 14) * 7,000
= 14,000 UNFAVORABLE
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merald Marine Stores Company manufactures decorative fittings for luxury yachts that require highly skilled labor, and...
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Mid-Atlantic Yachts manufactures boats for seafarers. Its most
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Mid-Atlantic has a constraint on how many yachts can be built in a
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A :...
41 to 46 please 41) 41) A comeany s seting its dirr materia and drct laor...
41
to 46 please
41) 41) A comeany s seting its dirr materia and drct laor standards for its eading product. Direct materials cost from e supper are 19per square ootet of purdhase discount Freight-in foot Basic wages of the oemery ine personnel are $14 per hour amourts to so p matety 21% of wg Barets amount to $2 per hour How much is the Payroll taxes are appr die O) $1600 AL ats cot standard per square foor 91500...
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16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and w...
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8. PM Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. PM uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pounds per unit; $3 per pound Direct labor: 5 hours per unit; $16 per hour PM produced 5,000 units during the quarter. At the end of the quarter,...
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Mid-Atlantic Yachts manufactures boats for seafarers. Its most
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Manufacturing and other costs, all per unit, are as follows:
Mid-Atlantic has a constraint on how many yachts can be built in a
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A :...
41
to 46 please
41) 41) A comeany s seting its dirr materia and drct laor standards for its eading product. Direct materials cost from e supper are 19per square ootet of purdhase discount Freight-in foot Basic wages of the oemery ine personnel are $14 per hour amourts to so p matety 21% of wg Barets amount to $2 per hour How much is the Payroll taxes are appr die O) $1600 AL ats cot standard per square foor 91500...
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