The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 6.0 meters $19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased 10, 200 meters $201,500
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A: MATERIAL PRICE VARIANCE : = ACTUAL QUANTITY X ( STANDARD PRICE - ACTUAL PRICE)
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Q: The following materials standards have been established for a particular product: Standard quantity…
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A:
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A:
Q: KBG Manufacturing has the following standard cost sheet for one of its products:
A: 1. Direct material price variance The direct material price variance is the difference between the…
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A: The discrepancy between the actual amount incurred on direct material purchases for a given time and…
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A: Labour efficiency variance in the business means difference is actual cost of labour and budgeted…
Q: The following materials standards have been established for a particular product: Standard quantity…
A: Material price variance = (Actual price per meter - Standard price per meter)*Actual quantity…
Q: The following materials standards have been established for a particular product: Standard…
A: Variance refers to a change between the expected value and the actual result. This term is usually…
Q: The following information is made available for October, what is the process quality yield? * Sample…
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Q: The following standards have been established for a raw material used to make the product: Standard…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Standards established for a particular raw material used by Han Company are as follows: Standard…
A: Materials quantity variance = (Actual quantity of material used - Standard quantity of material…
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Multiple Choice
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$2,371 U
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$7,700 U
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$10,800 U
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$16,320 U
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- Standard direct materials cost per unit from variance data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month.Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows: Instructions Determine (A) the standard cost per unit for direct materials and direct labor; (B) the price variance, quantity variance, and total direct materials cost variance; and (C) the rate variance, time variance, and total direct labor cost variance.The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.1 meters $17.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,700 meters $142,450 7,300 meters 1,400 units What is the materials price variance for the month?
- The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 meters $18.80 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output What is the materials price variance for the month? Multiple Choice $14,840 U $8,700 U $5,558 U $8,400 U 8,000 meters $ 158,800 7,300 meters 1,560 unitsThe following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:What is the materials price variance for the month? $14,850 UB. $8,250 UC. $8,640 UD. $2,860 FThe following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.2 meters $ 18.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8,100 meters Actual cost of materials purchased $151,065 Actual materials used in production 7,700 meters Actual output 1,450 units What is the materials price variance for the month?
- The following materials standards have been established for a particular product:Standard quantity per unit of output 2.6 metersStandard price $10.55 per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchased 6,000 metersActual cost of materials purchased $59,400Actual materials used in production 5,600 metersActual output 2,200 unitsQuestion: What is the materials quantity variance for the month? (label whether favorable or unfavorable; no dollar sign and comma)Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October is as follows: P1.60 Standard unit price P1.55 2,000 units Actual purchase price per unit Actual quantity purchased Actual quantity used 1,900 units 1,800 units Standard quantity allowed for actual production What is the materials purchase price variance?01. The following materials standards have been established for the product Wand: JM- Standard quantity per unit of output 10.0 kilograms the Standard price $16.20 per kilogram The following data pertains to operations S Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output ■ Required: What is the materials price variance for the month? 2. What is the materials quantity variance for the month? === .. B M ======= D M BEBE === g 295. = 3 = 7,300 kilograms $120,000 7,122 kilograms 740 units ■ concerning the product Wand for the last month; HUFINAİJA ■ ■ 20-121=0 EXCE HE SIC D 10= ■ Fe
- During the month of June, a company’s direct materials costs for the production of Product X were as follows: Standard unit price P12.50 Standard quantity allowed for actual production 6,300 units Actual unit purchase price P13.00 Quantity purchased and used for actual production 6,900 units Compute the materials’ efficiency or usage variance. Compute the materials spending variance or price variance.The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.4 pounds $14.20 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 6,300 pounds $63,880 5,800 pounds 800 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month?The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams Standard price $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual cost of materials purchased $ 44,020 Actual materials used in production 2,400 grams units Actual output What is the materials quantity variance for the month? O $9,940 U O $15,351 U O $14,484 U $10,535 U MacBook Air F1Z DD