Question

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

Answer #1

**The correct option is (d)**

**i.e, $11,948.96 (unfavourable)**

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 .

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

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

JSH Inc. makes a unit called CC. CC has a standard of 2 yards of
fabric for each CC. The standard price per yard of fabric is
$3.
During the period, JSH planned to make 6,400 units of CC, but
actually made 6,000 CCs. JSH used 11,600 yards of fabric and
incurred an actual cost of $34,500 for the fabric.
What is the sales volume variance for direct materials for the
current period?
Group of answer choices
a) $2,400 Favorable...

Ruby Company produces a chair for which the standard specifies 6
yards of material per unit. The standard price of one yard of
material is $13.60. During the month, 7,700 chairs were
manufactured, using 45,300 yards at a cost of $12.92 per yard.
Determine the following: Enter favorable variances as negative
numbers.
a. Direct materials price variance
$
b. Direct materials quantity variance
$
c. Total direct materials cost variance
$

Q1:
The standard costs and actual costs for direct materials for the
manufacture of 2,600 actual units of product are
Standard Costs
Direct materials (per completed unit)
1,040 kilograms @$8.61
Actual Costs
Direct materials
2,600 kilograms @ $8.20
Round your final answer to the nearest dollar.
The amount of direct materials price variance is
$426 favorable
$426 unfavorable
$1,066 favorable
$1,066 unfavorable
Q2:
The standard costs and actual costs for direct materials for the
manufacture of 2,650 actual units of...

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....

Ruby Company produces a chair that requires 6 yards of material
per unit. The standard price of one yard of material is $11.20.
During the month, 6,700 chairs were manufactured, using 41,000
yards at a cost of $10.64 per yard. Enter favorable variances as
negative numbers.
(a)
Determine the price variance.
$(Favorable/Unfavorable)
(b)
Determine the quantity variance.
$(F/U)
(c)
Determine the cost variance.
$(F/U)

Standards (for a planned level of production of 2,200 units per
month)
Direct Materials: Yards per costume12.50yards,, Price per yard
$26.00average
Direct Labor: D.L. Hours per costume 62.00hours,, D.L. Rate per
hour $44.50average
Variable MOH standard rate per direct labor hour $4.35per D.L.
hour,,Fixed MOH standard rate per direct labor hour $9.47per D.L.
hour,,Total Budgeted Fixed MOH (for 1 month) $ 1,250,000
Actual cost and data from the current month:
Actual number of yards of materials purchased 28,500
Actual cost...

Maki, Inc. manufactures a product that has the following
standard costs:
Direct materials: 50 yards at $2.60 per yard
$
130
Direct labor: 8 hours at $19.00 per hour
152
Total
$
282
The following information pertains to July:
Direct material purchased: 55,100 yards at $2.65 per yard, or
$146,015
Direct material used: 51,300 yards
Direct labor: 7,100 hours at $19.5 per hour, or $138,450
Actual completed production: 1,090 units
Use the information to compute the following variances:
Required:
Compute...

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