The sum of the material mix and material yield variances equals   the total material variance. the volume variance the material quantity variance. the material purchase price variance.

Q: Production-volume variance formula

A: Variance: It implies to a difference between the actual and standard outcomes. If the actual outcome…

Q: Mountain Mist Valley Stream Price Variance Efficiency Variance Price Variance Efficiency Variance…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: If the materials price variance is P2,400 F and the materials quantity and labor variances are each…

A: Total Materials variance  =  Materials price variance + Material quantity variances  Total…

Q: The material price variance is computed by multiplying the difference between the actual price and…

A: GIVEN   Material Price Variance is the difference between the actual cost of Material purchased and…

Q: The total overhead variance is equal to the   sum of the controllable variance and the volume…

A: Answer: Total overhead variance is the difference between actual overhead and applied overhead.

Q: Compute the total, price, and quantity variances for materials and labor. Total materials variance…

A: Material variances and labor variances are calculated as a difference between the standard amount…

Q: Required: a. Determine the direct materials price variance, direct materials quantity variance, and…

A: Standard costing: Standard costing consists of the setting of the predetermined estimate of costs…

Q: t variances. Select the required formulas, compute the cost variances for direct materials and…

A: Variiances ariise when the actual results differs  from standard or budgeted results. There are…

Q: (a) Calculate the material price variance (b) Calculate the material quantity variance (c) Calculate…

A: Material Price Variance  =( Standard Price - Actual Price )× Actual Quantity  Material Quantity…

Q: Required: a. Determine the standard cost per faucet for direct materials and direct labor. Round the…

A: Formula: 1.Material Quantity Variance= [(Standard Quantity-Actual Quantity)*Standard Cost]…

Q: Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance

A: The labor variance is the difference between standard cost for labor and actual cost for labor…

Q: Accounting Question

A: a. Compute direct material price variance, direct materials quantity variance and total direct…

Q: the materials quantity variance was $18,612 unfavorable, what was the standard materials quantity…

A: Actual quantity of direct material used = 130,200 pounds  Actual rate of direct material =  $0.90…

Q: The standards for direct materials are made up of which of the following components? a.variance…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Direct Material Input Chemical Mix Variance Yield Variance Efficiency Variance Purchase Price…

A: Total direct material variance           Purchased Direct Material AQ*AP - SQ*SP Variance…

Q: e sum of materials yield variance and materials mix variance is? * Materials price variance…

A: Material yield variance is the difference of actual material used and standard quantity estimated to…

Q: If the total materials variance for a given operation is favorable, why must this variance be…

A: Favorable variance means the variance has a positive impact on the budgeted profitability of the…

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

A: a) Calculation of Direct material standard cost per unit: Standard number of lb. of brass per faucet…

Q: 1. Material price variance, Material quantity variance, and Total material variance 2. Labor rate…

A: working notes  AQ means actual quantity AP means actual price  SP means standard price  SQ means…

Q: The direct-material quantity variance is:

A: Direct material quantity variance determines the efficiency of the production department in…

Q: Compute for the following: Sales price variance Cost price variance Quantity variance Format:…

A: Variance is calculated for comparing results either between two years or between budget and actuals.…

Q: Define direct material variance.

A: Variance:   Variance refers to the difference level in the actual cost incurred and standard cost.…

Q: hich of the following factor may not be included in the computation of the total materials variance?…

A: Formula Total Material variance = (Standard cost of material allowed for actual output) – (Actual…

Q: Calculate the material price and usage variance, and the material cost variance for the concrete…

A: Variance analysis is one of the important technique of management accounting, under which actual…

Q: Material purchase price variance material usage/quantity variance Labor rate variance

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: a. What is the material price usage, material quantity and total material variance D. What is the…

A: Material Quantity Variance-It is the difference between how much material used and expected to be…

Q: The cost price variance is

A: Cost price variance refers to the difference between the actual cost and standard cost of units.…

Q: Compute for the variances of the problem using the information given. Answer the numbers only up to…

A: Here, the standard cost has been used for the calculations. However, for labor rate variance…

Q: Assume the variance is material, what is the adjustment of the cost of good sold

A: Solution: Adjustment cost of goods sold vary based on variance in material or immaterial.

Q: Materials mix variance B. Materials yield variance

A: Material Mix Variance = SP( RSQ - AQ)  SP means Standard price  RSQ means Revised Standard quantity…

Q: Calculate the labour price and usage variance, and the labour cost variance for the concrete work.

A: Labour cost variance is the difference between standard cost and actual cost of labour. This can be…

Q: The materials price variance can be computed at what two different points in time? Which point is…

A:

Q: a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c.…

A: Every manufacturing unit has some estimated standard costs for the production based on the past…

Q: What were the price and quantity variances for direct material, respectively? What were the rate…

A: 1. Compute the price and quantity variances for direct materials.

Q: total materials variance

A: Total materials variance = (Actual Quantity * Actual Price) - (Standard Quantity allowed for actual…

Q: The Flexible-Budget Variance is the sum of   a. The static-budget variance and the sales-volume…

A: Flexible-Budget Variance = Actual results - Flexible results

Q: a. Direct materials price variance Unfavorable b. Direct materials quantity variance Favorable c.…

A: a. Calculate direct material price variance: Direct material price variance = (Standard price -…

Q: is direct material variance a measure of?

A: Direct material variance is the difference between standard material costs and actual material costs…

Q: Which of the following is the difference between the actual cost of materials and thematerials cost…

A: Total material variance = Actual cost of materials - Budgeted cost of materials at actual level of…

Q: (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance…

A: Solution: Direct material quantity variance is also called as direct material usage or efficiency…

Q: In performing Variance Analysis for Direct Material costs, the variances include Price and Rate…

A: While performing Variance analysis for Direct Material Costs include Direct Material Price Variance…

Q: Determine the direct materials quantity and direct labor time variances. Round your per unit…

A: To calculate variance direct materials quantity the following formula can be used Statement finding…

Q: One way of analyzing the fixed factory overhead variance is breaking it down into Select one:…

A: The question is related to Fixed overhead variance of standard costing. As question just asked to…

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

A: Variances These  are the differences between actual results for actual level of activity and the…

Q: 1. Calculate the total direct materials variance and total direct labour variance, together with…

A: