Question

Simba Company’s standard materials cost per unit of output is
$10.35 (2.30 pounds x $4.50). During July, the company purchases
and uses 3,105 pounds of materials costing $16,767 in making 1,500
units of finished product.

Compute the total, price, and quantity materials variances.

Answer #1

Simba Company’s standard materials cost per unit of output is
$9.00 (2.00 pounds x $4.50). During July, the company purchases and
uses 2,420 pounds of materials costing $12,826 in making 1,100
units of finished product. Compute the total, price, and quantity
materials variances. (Round per unit values to 2 decimal places,
e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total
materials variance $ Materials price variance $ Materials quantity
variance $ Click if you would like to...

Simba Company’s standard materials cost per unit of output is
$9.24 (2.10 pounds x $4.40). During July, the company purchases and
uses 2,835 pounds of materials costing $15,026 in making 1,500
units of finished product. Compute the total, price, and quantity
materials variances. (Round per unit values to 2 decimal places,
e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total
materials variance $ Materials price variance $ Materials quantity
variance $

Question 1
Simba Company’s standard materials cost per unit of output is
$9.84 (2.40 pounds x $4.10). During July, the company purchases and
uses 2,808 pounds of materials costing $14,882 in making 1,300
units of finished product.
Compute the total, price, and quantity materials variances.
(Round per unit values to 2 decimal places, e.g. 52.75
and final answers to 0 decimal places, e.g.
52.)
Total materials variance:
Materials price variance:
Materials quantity variance:

Simba Company’s standard materials cost per unit of output is
$9.24 (2.20 pounds x $4.20). During July, the company purchases and
uses 2,376 pounds of materials costing $12,830 in making 1,200
units of finished product.
Compute the total, price, and quantity materials variances.
(Round per unit values to 2 decimal places, e.g. 52.75
and final answers to 0 decimal places, e.g.
52.)
Total materials variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Materials price variance
$
UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity...

Simba Company’s standard materials cost per unit of output is
$8.40 (2.00 pounds x $4.20). During July, the company purchases and
uses 2,160 pounds of materials costing $11,448 in making 1,200
units of finished product.
Compute the total, price, and quantity materials variances.
(Round per unit values to 2 decimal places, e.g. 52.75
and final answers to 0 decimal places, e.g.
52.)
Total materials variance
$enter a dollar amount rounded to 0 decimal places
select an option
...

Simba Company’s standard materials cost per unit of output is
$8.40 (2.00 pounds x $4.20). During July, the company purchases and
uses 2,160 pounds of materials costing $11,448 in making 1,200
units of finished product.
Compute the total, price, and quantity materials variances.
(Round per unit values to 2 decimal places, e.g. 52.75
and final answers to 0 decimal places, e.g.
52.)
Total materials variance
$enter a dollar amount rounded to 0 decimal places
select an option
...

Mordica Company’s standard labor cost per unit of output is
$30.00 (2.50 hours x $12.00 per hour). During August, the company
incurs 2,925 hours of direct labor at an hourly cost of $10.80 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)

Mordica Company’s standard labor cost per unit of output is
$33.60 (3.00 hours x $11.20 per hour). During August, the company
incurs 3,045 hours of direct labor at an hourly cost of $11.70 per
hour in making 1,000 units of finished product. Compute the total,
price, and quantity labor variances. (Round answers to 2 decimal
places, e.g. 52.75.) Total labor variance $ Labor price variance $
Labor quantity variance $

Question 3 Mordica Company’s standard labor cost per unit of
output is $21.00 (2.10 hours x $10.00 per hour). During August, the
company incurs 2,772 hours of direct labor at an hourly cost of
$11.00 per hour in making 1,200 units of finished product. Compute
the total, price, and quantity labor variances. (Round answers to 2
decimal places, e.g. 52.75.) Total labor variance $ Labor price
variance $ Labor quantity variance $

Brief Exercise 15-5 Indigo Company’s standard labor cost per
unit of output is $32.77 (2.90 hours x $11.30 per hour). During
August, the company incurs 3,532 hours of direct labor at an hourly
cost of $11.75 per hour in making 1,200 units of finished product.
Compute the total, price, and quantity labor variances. (Round
answers to 2 decimal places, e.g. 52.75.) Total labor variance $
Labor price variance $ Labor quantity variance

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