A company developed the following per-unit standards for its product: 6 gallons of direct materials at $10 per gallon. Last month, 4400 gallons of direct materials were purchased for $42680. The direct materials price variance for last month was O $1050 unfavorable. O $42680 favorable. O $220 favorable. O $1320 favorable. Save for Later Attempts: 0 of 1 used Submit Answer

Clay makes all sorts of molds. Its standard quantity of material allowed is 1 foot of wood per 1 foot of mold at a standard price of $3.00 per foot. During August, it purchased 200,000 feet of wood at a cost of $2.00 per foot, which produced only 199,000 feet of mold. Calculate the materials price variance. $200,000 F $700,000 U $600,000 U $400,000 F

Waterway, Inc. makes high-quality swimsuits. During the year, the company produced 801 suits, using 966 yards of material, and the company purchased 860 yards of material for $4,751. The direct materials standard for the swimsuits allows 1.14 yards of material at a standard price of $6 per yard.Calculate Waterway’s direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 15.) Direct material quantity variance   $    UnfavorableFavorableNot Applicable

Edgar, Inc. has a materials price standard of $1.75 per pound. eight thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.   Calculate the materials price variance

Garza Toys made 4,000 teddy bears for the Christmas season. The company used 3,800 pounds of direct materials that cost them $6,308. The standard quantity of materials is one pound per unit and $1.50 per pound. The materials price variance is Select answer from the options below  $608 U $608 F $308 F $308 U

Circle the one best answer.               1.A standard which represents an efficient level of performance that is attainable under expected operating conditions is called a(n) a.ideal standard. b.loose standard. c.tight standard. d.normal standard.               2.Tom Thumb Pie Company developed the following per unit standards for its product: 4 pounds of direct materials at $24 per pound of direct materials. Last month Tom Thumb Pie Company purchased 4,000 pounds of direct materials for $95,400. The direct materials price variance for last month was a.$11,400 favorable. b.$600 favorable. c.$300 favorable. d.$600 unfavorable.               3.Jane and John’s Kitchen has a per unit standards for direct materials of 4 gallons at $8 per gallon. Last month Jane and John’s Kitchen purchased 22,400 gallons of direct materials at an actual cost of $84,800. 12,000 gallons were used to produce 3,400 units of jams and jellies. The direct materials quantity variance for last month was a.$12,800…

This month your vendor invoiced $31,500 in testing charges for your production run. The unit cost for testing is twice as much for each of the first 400 units per month as compared to each unit over 400. If we shipped 500 units to the vendor this month, find: (a) Average cost per unit; (b) Cost per unit below the price break point; (c) Marginal cost for the 650th unit. The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care. The facility has operating expenses of $600,000 per month. Staffing levels are dependent on the number of residents.

The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $1,100 and $1,107 for June and July, respectively. The number of equivalent units produced in June and July was 11,000 and 12,300 liters, respectively. Evaluate the change in the cost of energy between the two months. Round your answers to the nearest cent. Energy cost per liter, June Energy cost per liter, July The cost of energy has LA by $

The company is aware that fixed costs increase when production exceeds 2,000 units. How much should l Co. prepare if it plans to produce 4,500 units on week 10 using high-low method?

Please answer competely a and b