Question

Coronado Co. produces a product requiring 10 kilograms of material at $1.60 per kilogram. Coronado produced...

Coronado Co. produces a product requiring 10 kilograms of material at $1.60 per kilogram. Coronado produced 9900 products during 2020 resulting in a $29600 unfavourable materials quantity variance. How much direct material did Coronado use during 2020?

117500 kilograms

99000 kilograms

158400 kilograms

146360 kilograms
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Microsleeve Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January,...
Microsleeve Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produced using 6,100 direct labor hours. Monster’s actual payroll during January was $98,280. What is the labor quantity variance?
Oriole Inc. produces a product requiring 3 direct labour hours at $20 per hour. During January,...
Oriole Inc. produces a product requiring 3 direct labour hours at $20 per hour. During January, 1960 products are produced using 6220 direct labour hours. Oriole’s actual payroll during January was $1122940. What is the labour quantity variance?
1.) the actual cost of direct materials is $51.30 per kilogram. the standard cost per kilogram...
1.) the actual cost of direct materials is $51.30 per kilogram. the standard cost per kilogram is $55.00. during the current period, 7240 kilograms were purchased and used in production. the standard quantity for actual units produced is 7,000 kilograms. how much is the direct materials price variance? 2.) Vonnie's bakery manufactures a specialty cake that is very popular with the local residents. for may, vonnie's bakery budgeted 800 direct labour hours to produce 400 cakes. in may, Vonnie's bakery...
Crede Manufacturing Company uses a standard cost accounting system. In 2020, 28,000 units were produced. Each...
Crede Manufacturing Company uses a standard cost accounting system. In 2020, 28,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $15. Normal capacity was 48,500 direct labour hours. During the year, 117,600 kg of raw materials were purchased at $0.95 per kilogram. All materials purchased were used during the year. 1. If the materials quantity variance was $5,600 unfavourable, what was the standard materials...
Decadent Halloween Candy Co. (DHC) produces specialty Halloween treats in large batches. One batch of treats...
Decadent Halloween Candy Co. (DHC) produces specialty Halloween treats in large batches. One batch of treats has the following standard costs and amounts: Standard kilograms of sugar 100 Standard cost per kilogram of sugar $1.90 Standard direct labour hours 2 Standard direct labour cost per hour $18.00 DHC produced 400 batches of treats in October. Actual input costs and per batch usage levels were as follows: Actual kilograms of sugar purchases and used 102 Actual cost per kilogram of sugar...
Question 4: (12 marks) Playful Corporation manufactures a variety of sports items. Its most popular product...
Question 4: Playful Corporation manufactures a variety of sports items. Its most popular product is a wooden cricket bat that they sell throughout Europe and Asia. The company uses a standard costing system for all its product. Standards for the current year indicate that to make one bat, eight kilograms of direct materials are needed. The standard price for wood is one dollar and seventy-five cents per kilogram. Each bat also requires fifteen minutes of direct labour to make. Employees...
Al-Shabad Company produces a single product. The company has set the following standards for material and...
Al-Shabad Company produces a single product. The company has set the following standards for material and labor. Standard quantity/hours per unit standard price/rate direct materials 7 pounds per unit $7 per pound direct labor 3 hours per unit $10 per hour During the past month the company purchased 7,000 pounds of direct materials at a cost of $17,500. All of this material was used in production of 1,300 units of product. Direct labor totaled $36,750 for the month. The following...
Inaya Valley Orchards, Inc. (IVO), developed standard costs for direct material and direct labor. In 2011,...
Inaya Valley Orchards, Inc. (IVO), developed standard costs for direct material and direct labor. In 2011, IVO estimated the following standard costs for one of their most well loved products, the IVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples. Budgeted quantity Budgeted price Direct materials 1.50 kilograms $7.25 per kilogram Direct labor 0.25 hours $14.00 per hour...
Ruby Company produces a chair for which the standard specifies 6 yards of material per unit....
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 $
Blue Co. produces a single product with the following information available Number of units produced annually...
Blue Co. produces a single product with the following information available Number of units produced annually 50,000 Variable cost per unit: Direct materials, direct labor and variable mfg.overhead $ 20 selling and admin expenses $ 5 Fixed costs per year: Mfg.Overhead $ 175,000 selling and Admin exp $ 200,000 Unit Product Cost? Absorption Variable Direct materials, direct labor, and costing costing Variable mfg overhead $20 $20 Fixed mfg. Overhead ?? ? Unit Product Cost ?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT