|The following company information is available for March. The direct materials price variance is:|
|Direct materials purchased and used||3,400 feet @ $75 per foot|
|Standard costs for direct materials for March production||3,500 feet @ $73 per foot|
|Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:|
|Direct materials standard (3 lbs @ $1/lb)||$ 3 per finished unit|
|Total direct materials cost variance—unfavorable||$ 25,750|
|Actual direct materials used||120,000 lbs|
|Actual finished units produced||30,000 units|
3.) Levelor Company's flexible budget shows $10,740 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.00 per direct labor hour based on a budgeted operating level of 6,150 direct labor hours (90% of capacity). If overhead actually incurred was $11,216 during May, the controllable variance for the month was:
The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $53 per pound. In manufacturing 5,000 units, 44,000 pounds of material were used at a cost of $54 per pound. What is the total direct materials cost variance?
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