Question

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 |

---------------------------------------------------

The following data relate to labor cost for production of 6,500 cellular telephones:

Actual: | 4,420 hrs. at $15.00 | |

Standard: | 4,350 hrs. at $15.20 |

**a.** Determine the direct labor rate variance,
direct labor time variance, and total direct labor cost variance.
Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.

Rate variance | $____ | |

Time variance | $____ | |

Total direct labor cost variance | $____ |

Answer #1

Please post one question at a time next time

1. Materials Price Variance = (SP-AP) * AQ = (1.90-1.95)*52,200 = Materials Quantity Variance = (SQ-AQ) *SP = (50600-52200)*1.90 = Materials cost variance = 2160 U + 3040 U = |

2. Labor rate variance = (SR-AR) *AH = (15.20 - 15) * 4420 = Labor time variance = (SH - AH) *SR = (4350-4420)*15.20 = Labor cost variance = 884 F + 1064 U = |

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 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
$

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
$...

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
$...

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 Labor Variances
The following data relate to labor cost for production of 4,000
cellular telephones:
Actual:
2,710 hrs. at $13.20
Standard:
2,670 hrs. at $13.40
a. Determine the direct labor rate variance,
direct labor time variance, and total direct labor cost variance.
Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Rate variance
$
Time variance
$
Total direct labor cost 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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