Question

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.91; actual, $2.05 Yards per unit: standard, 4.60 yards; actual, 5.20 yards Units of production: 9,000 The direct materials quantity variance is a.$11,070.00 favorable b.$10,314.00 favorable c.$11,070.00 unfavorable d.$10,314.00 unfavorable .

Answer #1

The following data relate to direct materials costs for
February: Materials cost per yard: standard, $1.96; actual, $2.05
Standard yards per unit: standard, 4.63 yards; actual, 5.09 yards
Units of production: 9,000 Calculate the direct materials price
variance. a. $4,122.90 favorable b. $810.00 unfavorable c.
$3,750.30 favorable d. $4,122.90 unfavorable

The following data relate to direct materials costs for
February:
Materials cost per yard: standard, $1.90; actual, $2.04
Standard yards per unit: standard, 4.67 yards; actual, 5.02
yards
Units of production: 9,200
Calculate the direct materials quantity variance.
a.$6,118.00 favorable
b.$6,568.80 favorable
c.$6,568.80 unfavorable
d.$6,118.00 unfavorable

Materials cost per yard: standard, $1.91; actual, $2.04 Yards
per unit: standard, 4.60 yards; actual, 5.28 yards Units of
production: 9,200 The direct materials quantity variance is a.
$11,948.96 favorable b. $12,762.24 unfavorable c. $12,762.24
favorable d. $11,948.96 unfavorable

11. The principle of
exceptions allows managers to focus on correcting variances
between
standard costs and actual costs
variable costs and actual costs
competitor’s costs and actual costs
competitor’s costs and standard costs
12. Myers Corporation
has the following data related to direct materials costs for
November: actual costs for 5,000 pounds of material at $4.50; and
standard costs for 4,800 pounds of material at $5.10 per pound.
What is the direct
materials quantity variance?
a.$1,020
favorable
b.$1,020
unfavorable
c....

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,500 automobile tires:
Actual:
49,500 lbs. at $1.9 per lb.
Standard:
51,000 lbs. at $1.95 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,200 automobile tires:
Actual:
54,000 lb. at $1.90
Standard:
55,600 lb. at $1.95
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Price variance
$
Quantity variance
$
Total direct materials cost variance
$

The following data relate to the direct materials cost for the
production of 2,200 automobile tires:
Actual:
52,200 lbs. at $1.95 per lb.
Standard:
50,600 lbs. at $1.90 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
Direct Materials Quantity Variance
Total Direct Materials Cost Variance...

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,100 automobile tires:
Actual:
51,900 lbs. at $1.75 per lb.
Standard:
52,900 lbs. at $1.70 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...

Direct Materials Variances The following data relate to the
direct materials cost for the production of 1,800 automobile tires:
Actual: 59,500 lbs. at $1.7 per lb. Standard: 58,300 lbs. at $1.75
per lb. a. Determine the direct materials price variance, direct
materials quantity variance, and total direct materials cost
variance. Enter a favorable variance as a negative number using a
minus sign and an unfavorable variance as a positive number. Direct
Materials Price Variance $ Direct Materials Quantity Variance $...

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 1,900 automobile tires:
Actual:
49,200 lbs. at $1.95 per lb.
Standard:
50,200 lbs. at $2.00 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...

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