A manufacturer of radios purchases components from subcontractors for assembly into complete radios.  Each radio requires three units each of Part X, which has a standard cost of $2.90 per unit.  During June, the company had the following experience with respect to Part X:                                                                                                                Units Purchases ($36,000)                                                                           12,000 Consumed in manufacturing                                                               10,000 Radios manufactured                                                                            3,000 During June, the company incurred a materials purchase-price variance of  Group of answer choices $1,200 unfavorable $900 unfavorable $900 favorable $1,200 favorable

Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materials: 7 microns per toy at $0.30 per micron Direct labor: 1.2 hours per toy at $7.30 per hour During July, the company produced 5,100 Maze toys. The toy's production data for the month are as follows: Direct materials. 74,000 microns were purchased at a cost of $0.29 per micron. 29,375 of these microns were still in inventory at the end of the month. Direct labor. 6,720 direct labor-hours were worked at a cost of $53,088. Required: 1. Compute the following variances for July: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount. a. The materials price and quantity variances. b. The labor rate and efficiency variances. 1a. Material price variance 1a. Material quantity…

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,500 per month. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. At the end of February the company had 7,440 pounds of direct materials In Inventory. The company's production budget reports the following. Production Budget Units to produce (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Required 1 Required 2 April March 3,100 4,400 Complete this question by entering your answers in the tabs below. Direct labor hours needed Budgeted variable overhead May 4,600 Prepare factory overhead budgets for March and April. GARDEN…

Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $5.00) Direct labor (0.25 hr. @ $8.00) Total prime cost $15.00 2.00 $17.00 During the first month of the year, the Boise plant produced 39,000 belts. Actual leather purchased was 130,000 strips at $3.40 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 34,000 hours at $14.50 per hour. Required: 1. Compute the costs of leather and direct labor that should be incurred for the production of 39,000 leather belts. Materials $ 397,800 X Labor $ 493,000 X 2. Compute the total budget variances for materials and labor. Total Budget Variance Materials -397,785 X Labor -492,998 X Favorable Unfavorable 3. Conceptual Connection: Would you consider these variances material with a need for investigation? Yes