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Stuart Fruit Drink Company planned to make 196,000 containers of apple juice. It expected to use...
Vernon Fruit Drink Company planned to make 209,000 containers of apple juice. It expected to use...
Vernon Fruit Drink Company planned to make 209,000 containers of apple juice. It expected to use two cups of frozen apple concentrate to make each container of juice, thus using 418,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.25. Vernon actually paid $123,627 to purchase 426,300 cups of concentrate, which was used to make 210,000 containers of apple juice. Required: Compute the actual price per cup of concentrate. (Round your answer to 2...
Materials Varlances Manzana Company produces apple juice sold in gallons. Recently, the company a...
Help with question 1. Materials price variance please!!
Materials Varlances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice Direct materials 128 oz. @ $0.05 =丰6.40 During the first week of operation, the company experienced the following results: a. Gallon units produced: 20,000 . Ounces of materials purchased and used: 2,650,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required Note: Enter...
Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for...
Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice: Direct materials 128 oz. @ $0.05 = $6.40 During the first week of operation, the company experienced the following results: Gallon units produced: 20,000. Ounces of materials purchased and used: 2,650,000 ounces at $0.045. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enter unfavorable values as positive numbers. 1....
Materlals Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following...
Materlals Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice Direct materials 128 oz.@ s0.05- $6.40 During the first week of operation, the company experienced the following results: a. Gallon units produced: 24,000 b. Ounces of materials purchased and used: 2,800,000 ounces at $0.060. C. No beginning or ending inventories of raw materials Required: If required, enter favorable values as negative numbers. 1. Compute the...
The following data were drawn from the records of Solomon Corporation. Planned volume for year (static...
The following data were drawn from the records of Solomon Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 4,100 units 4.00 pounds @ $1.60 per pound 2.10 hours @ $5.00 per hour $ 18,450 4,500 units 3.60 pounds @ $2.00...
The following data were drawn from the records of Perez Corporation. Planned volume for year (static budget) Standard d...
The following data were drawn from the records of Perez Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 3,400 units 3.50 pounds @ $1.50 per pound 2.30 hours @ $3.30 per hour $14,620 3,900 units 3.10 pounds @ $2.00 per...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.20 hour Rate, $10.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.50 per kilogram Actual material purchases amounted to 210,000 kilograms at $0.57 per kilogram. Actual costs incurred in the production of 30,000 units were as follows: Direct labor: Direct material: $ 72,450 for 6,900...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans....
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct Labort Quantity: 0.10 hour Rate, $5.00 per hour Direct Materiali Quantity3 kilogram Price, 0.30 per kilogram Actual material purchases amounted to 34,000 kilograms at $0.32 per kilogram. Actual costs incurred in the production of 10,000 units were as follows:...
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual...
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard 7.70 * $0.80 $6.16 Actual 8.00 * $0.75 $6.00 Monique's Florals planned to make 850 arrangements but actually made 990. Required a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). b....
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual...
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard Actual Average number of roses per arrangement Price per rose 7.10 7.50 x $0.50 x $0.44 $3.55 $3.30 Cost of roses per arrangement Monique's Florals planned to make 820 arrangements but actually made 930 Required a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). b....
Help with question 1. Materials price variance please!!
Materials Varlances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice Direct materials 128 oz. @ $0.05 =丰6.40 During the first week of operation, the company experienced the following results: a. Gallon units produced: 20,000 . Ounces of materials purchased and used: 2,650,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required Note: Enter...
Materlals Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice Direct materials 128 oz.@ s0.05- $6.40 During the first week of operation, the company experienced the following results: a. Gallon units produced: 24,000 b. Ounces of materials purchased and used: 2,800,000 ounces at $0.060. C. No beginning or ending inventories of raw materials Required: If required, enter favorable values as negative numbers. 1. Compute the...
The following data were drawn from the records of Solomon Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 4,100 units 4.00 pounds @ $1.60 per pound 2.10 hours @ $5.00 per hour $ 18,450 4,500 units 3.60 pounds @ $2.00...
The following data were drawn from the records of Perez Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Actual volume for the year (flexible budget) Actual direct materials cost per unit Actual direct labor cost per unit Total actual fixed overhead costs 3,400 units 3.50 pounds @ $1.50 per pound 2.30 hours @ $3.30 per hour $14,620 3,900 units 3.10 pounds @ $2.00 per...
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.20 hour Rate, $10.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.50 per kilogram Actual material purchases amounted to 210,000 kilograms at $0.57 per kilogram. Actual costs incurred in the production of 30,000 units were as follows: Direct labor: Direct material: $ 72,450 for 6,900...
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct Labort Quantity: 0.10 hour Rate, $5.00 per hour Direct Materiali Quantity3 kilogram Price, 0.30 per kilogram Actual material purchases amounted to 34,000 kilograms at $0.32 per kilogram. Actual costs incurred in the production of 10,000 units were as follows:...
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard 7.70 * $0.80 $6.16 Actual 8.00 * $0.75 $6.00 Monique's Florals planned to make 850 arrangements but actually made 990. Required a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). b....
Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard Actual Average number of roses per arrangement Price per rose 7.10 7.50 x $0.50 x $0.44 $3.55 $3.30 Cost of roses per arrangement Monique's Florals planned to make 820 arrangements but actually made 930 Required a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). b....
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