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A company developed the following per-unit standards for its product: 5 kilograms of direct materials at...
A company developed the following per-unit standards for its product: 5 kilograms of direct materials at...
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
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct...
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.10 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2990. Also last month, 750 kilograms of direct materials were used to produce 130 units. What was the direct materials price variance for last month? $12820 favourable O $110 favourable 0 $12820 unfavourable $110 unfavourable
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct...
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $2 per kilogram. Last month, 1,000 kilograms of direct materials were purchased for $3020. Also last month, materials were used to produce 132 units. What was the direct materials quantity variance for last month? O $40 unfavourable $40 favourable O $640 unfavourable $640 favourable LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
A company developed the following per unit materials standards for its product: 3 gallons of direct...
A company developed the following per unit materials standards for its product: 3 gallons of direct materials at $5 per gallon. If 2,000 units of product were produced last month and 5,750 gallons of direct materials were used, the direct materials quantity variance was: a. $750 favorable b. $1,250 favorable c. $7,500 favorable d. $11,250 favorable.
Talia Company produces a single product. The company has set standards as follows for materials and...
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Talia Company produces a single product. The company has set standards as follows for materials and...
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
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.
Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg...
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
$17,600
Your...
The following materials standards have been established for a particular product: Standard quantity per unit of...
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 pounds $13.30 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month?...
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
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.10 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2990. Also last month, 750 kilograms of direct materials were used to produce 130 units. What was the direct materials price variance for last month? $12820 favourable O $110 favourable 0 $12820 unfavourable $110 unfavourable
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $2 per kilogram. Last month, 1,000 kilograms of direct materials were purchased for $3020. Also last month, materials were used to produce 132 units. What was the direct materials quantity variance for last month? O $40 unfavourable $40 favourable O $640 unfavourable $640 favourable LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
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.
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
$17,600
Your...
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 pounds $13.30 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month?...
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