--/1Question 14View PoliciesCurrent Attempt in ProgressA company uses 80000 gallons of materials for which theypaid $3 a gallon. The materials price variance was $80000favorable. What is the standard price per gallon?O $3.00O $2.00O $4.00O $1.00hpf12f1110fg14418174+f6&

Direct material variances:The difference between the actual material cost per unit and the standard…

Answered: --/1 Question 14 View Policies Current…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.17E: Variable cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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--/1 Question 13 View Policies Current Attempt in Progress A company purchases 15000 pounds of materials. The materials price variance is $9000 favorable. What is the difference between the standard and actual price paid for the materials? O $0.60 O $1.67 O $9.00 O $1.00 hp 12 f10 fg 144 f8 f7 16 15 4+
--/1 14 Question 4 View Policies Current Attempt in Progress paid $2 a pound. The materials price variance was $5000 unfavorable. What is the standard price per pound? A company uses 20000 pounds of materials for which it O $2.00 O $2.25 O $1.75 O $0.25 hp 11 f1o f9 144 17 4- 16 15
-/1 Question 7 View Policies Current Attempt in Progress Swifty Corporation has a materials price standard of $2.00 per pound. 5100 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5100 pounds, although the standard quantity allowed for the output was 4900 pounds. Swifty Corporation's materials quantity variance is O $400 U. O $440 U. $400 F. $440 F. (hp 16 17 fe
--/1 Question 6 View Policies Current Attempt in Progress Crane Company has a materials price standard of $2.00 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds, although the standard quantity allowed for the output was 3400 pounds. ort S. Crane Company's materials price variance is O $120 U. O $680 U. O $800 U. O $800 F. hp 110 fg 144 f8 f6 17 f5 00 II 96
%V9 l1. UUA o homework- m... -> Actuar direct manutacturing labor cost 12,650 euro Standards Purchase price of direct materials Materials per box 0.03 euro/g 200 g 12 euro/hour Wage rate Boxes per hour 10 Required : Compute the price and efficiency variances of direct materials and direct manufacturing labor. Question 2: Eric Williams is a cost accountant and business analyst for Diamond Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Williams feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. At the beginning of 2017, DDC budgeted annual production of 420,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Dircct materials (brass) 0.3 lb. @ $10/lb. $ 3.00 Direct manufacturing labor Manufacturing overhead: 1.2 hours @…
--/1 Question 20 View Policies Current Attempt in Progress ort Crane has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 1700 units, Crane used 2800 pounds of materials at a total cost of $16380. Crane's materials price variance is बबवससहेंहे ता O $1500 F. O $420 F. $2625 F. O $1080 U. hp f12 f11 f10 f9 f8 II f7 144 f5 f6 & %3D 081 O0 Y T. 96
-/1 Question 21 View Policies Current Attempt in Progress Oriole has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2200 units, Oriole used 3500 pounds of materials at a total cost of $20475. Oriole's materials quantity variance is O $2100 U. O $675 F. O $525 U. O $1200 U. hp ins prt sc f12 f11 f1o f9 f5 f8 17 f6 080 %3D 11 7
PLS ABC corporation produces plastic bottles. Details of cost are given below: Standard unit quantity per plastic bottle Actual production of bottles Actual quantity used Actual cost of plastic Standard price 0.045 ounce per plastic bottle 240,000 110,000 S0.042 per ounce $0.045 per ounce Material price variance for ABC corporation is: a. $330 Unfavorable b. $720 Favorable c. $330 Favorable d. $720 Unfavorable
.Q1/-A variable capacity 8000unit .sell units 6000units .production units 5000units .Finished good (31/12)1000$ .D. Expenses cost per unit 80$/u .V.F.O.H 60$/u .D. Marketing 30$/u .V .Ind. Marketing 40$/u F. cost 200000$ distributed:- .F.O.H 25% .Marketing 25% .Administrative 50$ .sell price per unit 250$/u- R/prepare The cost statement using -Total costing theory. - Variable costing theory
-/1 Question 10 View Policies Current Attempt in Progress ort The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 12600 pounds of direct materials that actually cost $57600 were used to produce 6600 units of product. The direct materials quantity variance for last month was O $8400 unfavorable. O $3300 favorable. O $3000 unfavorable. O $3000 favorable. hp
Q1- You have the following data for the four products (A,B,C,D): PRODUCT VARIABLE FIXED TOTAL NET CONTRIBUTION SALES IN COST COST PROFIT MARGIN RATIO 30% COST DOLLAR A 300 M 1500 700 K 1000 P. Q 1200 C 500 800 1200 R 2000 300 200 Required: Find the unknown values?. .. truck The SI
32. Purvis Company manufactures a product that has varlable cost of P50 per unit Firet costs total P1,000,000, allocated on the basis of the number of units produced. Seline price is computed by adding 10% markup'to full cost. How much should the se price be per unit for 100,000 units? Р55 а. C. P61- b. P60 d. P66 (aicpa) The next two questions are based on the following information: Ryan Company produces a single product. The cost is composed of Variable raw materials cost Variable direct labor cost Total variable cost P 75 45 Р120 Fixed annual overhead expense P450,000 It is the pricing policy of the company to set its selling price per unit based on full cost plus 10% markup, 33. If the company's selling potential is 200,000 units, the selling price per unit to be se: ups a. P122.25 b. P138.44 c. P134.84. d. P134.48 34. If the company's pricing policy is changed to 20% based on fullcostand it seiling potents is increased by 300,000 units with a corresponding increase in annual fixed…

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--/1 Question 14 View Policies Current Attempt in Progress A company uses 80000 gallons of materials for which they paid $3 a gallon. The materials price variance was $80000 favorable. What is the standard price per gallon? O $3.00 O $2.00 O $4.00 O $1.00 hp f12 f11 10 fg 144 18 17 4+ f6 &