Question

Your Company’s materials quantity variance was $54,000 unfavorable. The standard cost per pound is $12.00 and...

Your Company’s materials quantity variance was $54,000 unfavorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 43,500 pounds of material were used. How many units of output were actually produced?

150

1,300

1,450

1,600

Homework Answers

Answer #1

Your required answer is option B i.e. 1300 Units

Explanation:

Let assume actual quantity produced = A

given:

Standard quantity for actual product = 30XA

Actual product = 43500

Standard Price = $12

So the Actual quantity produced = 1300 Units

Thanks!

Please drop an upvote if you find this helpful.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has...
Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $15 per pound. During February, Oxford Co. paid $57,900 for 4,920 pounds, which were used to produce 2,450 units. What is the direct materials quantity variance? $8,940 favorable $3,375 favorable $1,240 unfavorable $9,700 unfavorable
Standards for producing one unit of product: Standard Quantity Direct Materials 2lbs Direct labor 2 hours...
Standards for producing one unit of product: Standard Quantity Direct Materials 2lbs Direct labor 2 hours Other data: Materials actually purchased Material price variance Materials actually used to produce 300 units of output Labor efficiency variance Standard Price $1.80 per lbs $18 per hour 4,500 lbs $450 unfavorable 780 lbs $90 unfavorable a. The material purchase price per pound. b. The material quantity variance. c. The actual number of hours worked.
A manufacturing company has a standard quantity of direct materials of 6 pounds per unit at...
A manufacturing company has a standard quantity of direct materials of 6 pounds per unit at a standard price of $2.20 per pound. In April the actual material price was $2.40 per pound and the company produced 5,500 units. If the company experienced a favorable material quantity variance of $6,600 during the month, the actual quantity of material used was: A.        30,000 pounds. B.        33,000 pounds. C.        35,750 pounds. D.        36,000 pounds.
A manufacturing company has a standard quantity of direct materials of 6 pounds per unit at...
A manufacturing company has a standard quantity of direct materials of 6 pounds per unit at a standard price of $2.20 per pound. In April the actual material price was $2.40 per pound and the company produced 5,500 units. If the company experienced a favorable material quantity variance of $6,600 during the month, the actual quantity of material used was: A.        30,000 pounds. B.        33,000 pounds. C.        35,750 pounds. D.        36,000 pounds.
Exeter has a materials standard of 1 pound per unit of output. Each pound has a...
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During July, Exeter paid $135,000 for 5,020 pounds, which it used to produce 4,740 units. What is the direct materials price variance? $21,240 unfavorable $13,620 favorable $34,860 unfavorable $14,520 unfavorable
Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were...
Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5700 pounds, although the standard quantity allowed for the output was 5200 pounds. Sheridan Company's total materials variance is $2240 U. $2140 U. $2240 F. $2140 F.
Question 1 Simba Company’s standard materials cost per unit of output is $9.84 (2.40 pounds x...
Question 1 Simba Company’s standard materials cost per unit of output is $9.84 (2.40 pounds x $4.10). During July, the company purchases and uses 2,808 pounds of materials costing $14,882 in making 1,300 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance: Materials price variance: Materials quantity variance:
Simba Company’s standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20). During...
Simba Company’s standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20). During July, the company purchases and uses 2,376 pounds of materials costing $12,830 in making 1,200 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ FavorableNeither favorable nor unfavorableUnfavorable Materials price variance $ UnfavorableFavorableNeither favorable nor unfavorable Materials quantity...
1.) The following company information is available for March. The direct materials price variance is:   ...
1.) 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 $500 favorable. $6,800 unfavorable. $7,000 unfavorable. $6,800 favorable. $7,000 favorable. 2.) 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...
Jason Company uses a standard costing system and has set the following standards for direct materials...
Jason Company uses a standard costing system and has set the following standards for direct materials in order to produce one unit of its only product: standard quantity standard price direct materials 4 pounds $16 per pound During September, Jason Company purchased 40,000 pounds of direct materials and produced 18,000 units. At September 30, Jason had 11,000 pounds remaining in its direct materials inventory. Jason Company reported the following variances for September: Direct material price variance ........ $42,000 unfavorable Direct...