Question

**The following standard direct material cost/unit has
been established for product N90:**

** 5 pounds of direct material at
$10 per pound**

**During June 2,000 units of product N90 were made, and
the quantity variance is favorable $2,000 and price variance is
unfavorable $9,800. All direct material purchased in June was used
for producing the 2,000 units. What was the actual price per pound
of the direct material?**

**Group of answer choices**

**$9/pound**

**$9.8/pound**

**$10/pound**

**$11/pound**

Answer #1

The following standard direct material cost/unit have
been established for product N90:
5 pounds of direct material at $10 per pound
During June 2,000 units of product N90 were made, and
the quantity variance is favorable $2,000 and price variance is
Unfavorable $9,800. All direct material purchased in June was used
for producing the 2,000 units. How many pounds of direct material
were actually used during June?
Group of answer choices
none of the other answers
9,800 pounds
10,000...

Domanski Incorporated has established the following raw material
standards for its APL4 product:
Standard quantity of the material per unit of output
4.5
pounds
Standard price of the material
$13.90
per pound
The following data pertain to a recent month's operations:
Actual material purchased
2,000
pounds
Actual cost of material purchased
$26,200
Actual material used in production
1,300
pounds
Actual output
220
units of product I92
The direct materials purchases variance is computed when the
materials are purchased.
Required:
a....

Direct Materials Variances
Bellingham Company produces a product that requires 12 standard
pounds per unit. The standard price is $10.5 per pound. If 5,900
units used 72,900 pounds, which were purchased at $10.29 per pound,
what is the direct materials (a) price variance, (b) quantity
variance, and (c) cost variance? Enter a favorable variance as a
negative number using a minus sign and an unfavorable variance as a
positive number.
a. Direct materials price variance
$
Unfavorable
b. Direct...

The following standards have been established for a raw material
used to make product O84:
Standard quantity of the material per unit of output
8.9
meters
Standard price of the material
$
19.00
per meter
The following data pertain to a recent month's operations:
Actual material purchased
5,300
meters
Actual cost of material purchased
$
104,520
Actual material used in production
5,100
meters
Actual output
680
units of product O84
The direct materials purchases variance is computed when the
materials...

The following standards have been established for a raw material
used to make product O84:
Standard quantity of the material per unit of output
7.8
meters
Standard price of the material
$
19.00
per meter
The following data pertain to a recent month's operations:
Actual material purchased
4,100
meters
Actual cost of material purchased
$
81,590
Actual material used in production
3,800
meters
Actual output
570
units of product O84
The direct materials purchases variance is computed when the
materials...

The following standards have been established for a raw material
used to make product O84:
Standard quantity of
the material per unit of output
7.4
meters
Standard price of the
material
$
18.50
per meter
The following data pertain to a recent month's operations:
Actual material
purchased
3,700
meters
Actual cost of material
purchased
$
71,780
Actual material used in
production
3,400
meters
Actual output
530
units of product O84
The direct materials purchases variance is computed when the
materials...

Direct Materials Variances Bellingham Company produces a product
that requires 8 standard pounds per unit. The standard price is
$6.5 per pound. If 3,000 units required 24,500 pounds, which were
purchased at $6.37 per pound, what is the direct materials (a)
price variance, (b) quantity variance, and (c) 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. a. Direct materials price variance $ Favorable...

Direct Materials Variances Bellingham Company produces a product
that requires 14 standard pounds per unit. The standard price is $6
per pound. If 3,400 units required 49,000 pounds, which were
purchased at $6.3 per pound, what is the direct materials (a) price
variance, (b) quantity variance, and (c) 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. a. Direct materials price variance $ Unfavorable...

Bellingham Company produces a product that requires nine
standard pounds per unit. The standard price is $6 per pound. If
6,000 units used 55,100 pounds, which were purchased at $5.82 per
pound, what is the direct materials (a) price variance, (b)
quantity variance, and (c) cost variance? Enter a favorable
variance as a negative number using a minus sign and an unfavorable
variance as a positive number.
a. Direct materials price variance
$
Favorable
b. Direct materials quantity variance
$...

Suver Corporation has a standard costing system. The following
data are available for June:
Actual quantity of
direct materials purchased
80,000
pounds
Standard price of direct
materials
$
9.00
per pound
Material price variance
$
8,000
Unfavorable
Material quantity variance
$
6,000
Favorable
The actual price per pound of direct materials purchased in June
was:

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