Cost standards for one unit of product no. C77: Direct material 3 pounds at $250 per pound S7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $71.820 S270 Direct material used 24,000 pounds at $2.70 64,800 Direct labor 41100 hours at S7.30 300,030 45.Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is: None of these. $5,750F. $5,75OU. S75OU. S750F.
Cost standards for one unit of product no. C77: Direct material 3 pounds at $250 per pound S7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $71.820 S270 Direct material used 24,000 pounds at $2.70 64,800 Direct labor 41100 hours at S7.30 300,030 45.Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is: None of these. $5,750F. $5,75OU. S75OU. S750F.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 5BE: Standard cost journal entries Bellingham Company produced 15,000 units that require 2.5 standard...
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Transcribed Image Text:Cost standards for one unit of product no. C77:
Direct material 3 pounds at $2.50 per pound
S7.50
Direct labor 5 hours at $7.50 per hour
37.50
Actual results:
Units produced 8,100 units
Direct material purchased 26,600 pounds at
$71,820
$2.70
Direct material used 24,000 pounds at $2.70
64,800
Direct labor 41,100o hours at $7.30
300,030
46.Assume that the company computes variances at the earliest point in time. The direct-material quantity
variance is:
None of these.
$5,750F.
$5,750U.
$750U.
$750F.
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