The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200...
The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200 gallons of direct materials that actually cost $45140 were used to produce 7000 units of product. The direct materials quantity variance for last month was
| $7200 unfavorable. |
| $7200 favorable. |
| $6100 unfavorable. |
| $5400 favorable. |
Homework Answers
Materials Quantity Variance
= (SQ-AQ) *SP
= (7000*2 - 12200)*4
= (14000 - 12200)*4
= 7200 Favourable
Option B is the answer
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The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200...
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$
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The standard cost of product 777 includes 2.7 units of direct
materials at $5.50 per unit. During August, the company bought
29,200 units of materials at $5.55 and used those materials to
produce 11,100 units.
Compute the total, price, and quantity variances for
materials.
Total materials variance
$
Unfavorable or Favorable
Materials price variance
$
unfavorable
or Favorable
Materials quantity variance
$
unfavorable or Favorable
A company developed the following per-unit standards for its
product: 5 kilograms of direct materials at $3.20 per kilogram.
Last month, 1000 kilograms of direct materials were purchased for
$2880. Also last month, 650 kilograms of direct materials were used
to produce 133 units. What was the direct materials price variance
for last month?
$13760 favourable
$320 favourable
$13760 unfavourable
$320 unfavourable
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
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