Question

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 | $ | |

Total Direct Materials Cost Variance | $ |

**b.** The direct materials price variance should
normally be reported to the . When lower amounts of
direct materials are used because of production efficiencies, the
variance would be reported to the . When the favorable
use of raw materials is caused by the purchase of higher-quality
raw materials, the variance should be reported to
the .

Answer #1

Direct Materials Price Variance = (1.75 - 1.70)51,900

=2,595 (unfavorable)

Direct Materials Quantity Variance = (51,900 - 52,900)1.70

-1,700(Favorable)

Total Direct Materials Cost Variance = 2,595 - 1700 = 895 (Unfavorable)

2.The direct materials price variance should normally be reported to the Purchasing Department . When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the Production Supervisor . When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the Purchasing Department

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 1,800 automobile tires:
Actual:
52,000 lbs. at $1.75 per lb.
Standard:
53,000 lbs. at $1.80 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 2,100 automobile tires:
Actual:
60,300 lbs. at $1.75
$105,525
Standard:
58,500 lbs. at $1.8
$105,300
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
$...

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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
$...

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,000 automobile tires:
Actual:
57,500 lbs. at $2 per lb.
Standard:
55,800 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
$...

he following data relate to the direct materials cost for the
production of 2,200 automobile tires: Actual: 59,100 lbs. at $1.8
per lb. Standard: 60,900 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 $ Total Direct
Materials...

Direct Materials Variances
The following data relate to the direct materials cost for the
production of 1,800 automobile tires:
Actual:
52,000 lbs. at $1.9
$98,800
Standard:
50,400 lbs. at $1.95
$98,280
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
$...

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...

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