Direct Labour: Direct Material: Quantity .25 hour Quantity, 4 kilograms Rate, $16 per hour Price, $0.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $.81 per kilogram. Actual costs incurred in the production of 50,000 units were as follows: Direct Labour: $211,900 for 13,000 hours Direct Material: $170,100 for 210,000 kilograms (a) Use the variance formulas to compute the direct-material price and quantity variances and the direct-labour rate and efficiency variances. Indicate whether each varance favarable or unfavorable

Q: • Standard direct material cost per AWESOME is $10. • Direct labour 1.2 hours per AWESOME. •…

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Q: The following standard costs per unit, of one product, have been taken from the records of Bahrain…

A: The variance is the difference between actual data and standard output of the production.

Q: STANDARD COSTING  The following July information is for Kingston Company. Standards:  Material…

A: Standard Quantity = 2750 x 3 = 8250 Particulars Standard Quantity(SQ) Standard Price(SP) Actual…

Q: In September, Bubbles Company produced 1,000 units of product. 2,080 units of raw materials were…

A: This numerical has covered the concept of Variance Analysis.

Q: The Russell Company provides the following standard cost data per unit of product: Direct material…

A: Direct labor usage variance: It is a measure that determines the variation between actual and…

Q: The company set the standards for one unit of production: Direct Materials: 0.5 pounds @$1.00 per…

A: DIRECT MATERIAL PRICE VARIANCE : = ACTUAL QUANTITY X ( STANDARD RATE - ACTUAL RATE )

Q: The following summarized manufacturing data relate to Thomas Corporation's April operations, during…

A: If amount is negative using following formula, then Favorable variance, otherwise unfavorable…

Q: (Material and Labour Variances). Following have set to manufacture a product by a company : been…

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Q: Gray Milling Company has the following information regarding direct materials: Actual pounds of…

A: Please find the answer to the above question below:

Q: Assume the following: • The standard price per pound is $2.00. • The standard quantity allowed per…

A: Material price variance is the difference of the standard price and the actual price paid for the…

Q: Standard quantity per unit of output standard price 4.7 pounds $13.50 per pound The following data…

A: Standard Quantity for actual output = 4.7 pounds x 730 units = 3,431 pounds

Q: a. Produced 50,000 plastic microcomputer cases. b. Standard variable costs per unit (per case)…

A: Calculation of labour rate Variance:: labour rate Variance=Actual Hours*(Standard rate per…

Q: The standard direct labour cost of product C is as follows: Three hours of skilled labour at £4 per…

A: Formula: Direct labour total variance = Actual cost - Standard cost

Q: The Russell Company provides the following standard cost data per unit of product: Direct material…

A: Lets understand basics, Direct labor usage variance is a variance between the standard labor hour…

Q: Actual Produced = 5,000 units Materials = 15,000 yards purchased and used @ 3.00 per yard Labor =…

A: The variance is the difference between the actual data and standard output of the production.

Q: Direct Material Direct Labor $15 per lb Standard price or rate per unit of input Standard quantity…

A: 1. Direct material price variance = ( Standard rate - Actual rate ) x Actual quantity of material…

Q: Honesty Company uses standard costing for each specialized product.  The following information is…

A: Labor efficiency variance = (Actual hours worked - Standard hours allowed) x Standard rate per hour…

Q: Cultco Company Ltd has set the following direct material standards per unit of product: 2.5 kg @…

A: Total material variance = Standard direct material cost - Actual direct material cost   Where,…

Q: inect labour-hours, Lasser Company produces 10,000 units of product each period. The direct labour…

A: Predetermined Overhead Rate per labor hour=Total Overhead CostTotal labor hours

Q: The standard cost card for a product shows, Material cost 2 kg @ GH¢2.50 each = GH¢5.00 per unit…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: The standard cost of labor for the David Company's product is 2 hours of labor for each unit of…

A: Labor rate variance is computed by multiplying the actual quantity with the difference of standard…

Q: In September, AA Company produced 1,000 units of product. 2,080 units of raw materials were used at…

A: Standard hours allowed = Actual units x standard hour per unit =1000 x 1/2 hour = 500 hour Actual…

Q: Calculate direct materials and direct labour variances. E12.31 (LO 2, 3) Jay Levitt Company budgeted…

A: Actual price per unit = $31,2006,500 kg = $4.8 per kg Standard quantity for actual output = 2,750…

Q: Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Traction Treads Tire Co.…

A: When the actual performance does not match the expected performance, the variance occurs. The same…

Q: Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $…

A: The Numerical has covred the concept of Variance Analysis.

Q: During June HASF company material purchases amounted to 5,000 pounds at a price of 7 per pound.…

A: Computation of material variance is as follows:

Q: Determine the direct materials price variance, direct materials quantity variance, and total direct…

A: Direct Materials Price Variance= (Actual Price - Standard Price) x Actual Quantity Direct Materials…

Q: During April, 80,000 units were produced. The standard quantity of material allowed per unit was 2…

A: The correct option is  161000 pounds

Q: Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes…

A: Cost variance is a situation when there is a difference between standard costs and actual costs.…

Q: e following information relates to product A:       Quantity Unit Price Cost Per Unit Material…

A: The variance is the difference between standard and actual cost of production.

Q: The Russell Company provides the following standard cost data per unit of product: Direct material…

A: Lets understand the basics. Direct labor usage variance is a variance between the standard labor…

Q: In September, Bubbles Company produced 1,000 units of product. 2,080 units of raw materials were…

A: Direct labor rate variance is the difference between the standard rate and actual rate for actual…

Q: Edgar, Inc. has a materials price standard of $1.54 per pound. Six thousand pounds of materials were…

A:

Q: Edgar, Inc. has a materials price standard of $1.75 per pound. eight thousand pounds of materials…

A: Materials Price Variance = (Standard Rate - Actual Rate) Actual Quantity Used  Standard Rate =…

Q: The standard direct labour cost of product Zeta is as follows: Three hours of skilled labour at £4…

A: This question is taken from standard costing. In this question, we have been asked to calculate…

Q: The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound.…

A: Material quantity variance shows difference between the actual amount of direct material used and…

Q: Zeta Ltd has the following details: Material purchased 24,000 kg = 1,05,600 Material consumed=…

A: Standard costing is a costing method where it measures the performance of an activity by making…

Q: The following information relates to product A:       Quantity Unit Price Cost Per Unit…

A:

Q: The following standard costs per unit, of one product, have been taken from the records of Bahrain…

A:

Q: Information concerning Johnston Co.'s direct materials costs is as follows:             Standard…

A: Solution: Material purchase price variance = (SP - AP) * AQ Purchased

Q: Cox Company's direct material costs for the month of January were as follows: Actual quantity…

A: Introduction:- The following formula used to calculate Material quantity variance as follows:-…

Q: The Standard cost of material for manufacturing a unit of a particular products estimated as follow…

A: Material Variance = Difference between Material consumed and Material budgeted to be consumed x…

Q: Part of your company’s accounting database was destroyed when Godzilla attacked the city. You have…

A: The variation between actual results and the budget or standard is referred as variance.

Q: Material cost variance Material price variance and GMaterial usage variance. Quantity of materials…

A: Actual quantity of material purchased = 3,000 units Value of material purchased = Rs.9,000 Actual…

Q: Turrubiates Corporation makes a product that uses a material with the following standards standard…

A: Material quantity variance is difference between AQ used * standard price per kg  and  Standard…