Blaster, Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52, which has a standard cost of $1.45 per unit. During May, the company purchased 12,000 units of the part for a total of $18,000. Also during May, the company manufactured 3,000 radios, using 10,000 units of part XBEZ52. The direct materials purchases variance is computed when the materials are purchased. During May, the materials price variance for part XBEZ52 was: a. $450 F b. $600 F c. $600 U d. $450 U

Ivan Company manufactures product A. Each product requires 4 units of each RM X, which has a standard cost of Php2.50 per unit. During December, the company paid a total of Php86,400 for purchases of RM X. In addition, it had the following experience with respect to RM X: Unit Purchases 28,800 Used in manufacturing 24,000 Number of units produced 7,200 During December, determine the material quantity (usage) variance. Php 4,800 F Php 12,000 UF Php 12,000 F O Php 4,800 UF

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for January is: Multiple Choice O O O O $300 F $305 F $305 U $300 U

Scarlett Company has a direct materials standard of 3 gallons of input at a standard price of $13.00 per gallon. During July, Scarlett Company purchased and used 7,470 gallons at an actual price of $12.60 to produce 2,050 units. What is the direct materials price variance?

Casivant Corporation makes a product that uses a material with the following direct material standards:     Standard quantity   3.8 pounds per unit Standard price $ 4.00 per pound     The company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials purchases variance is computed when the materials are purchased.   The materials price variance for November is:

Casivant Corporation makes a product that uses a material with the following direct material standards:   Standard quantity 3.8 pounds per unit Standard price $4.00 per pound   The company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials purchases variance is computed when the materials are purchased.   The materials quantity variance for November is:   Multiple Choice   A. $3,880 F   B. $3,686 U   C. $3,686 F   D. $3,880 U

Simba Company's standard materials cost per unit of output is $9.00 (2.00 pounds x $4.50). During July, the company purchases and uses 3,080 pounds of materials costing $16,632 in making 1,400 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance $ Materials quantity variance $ %24 %24

Simba Company’s standard materials cost per unit of output is $9.40 (2.00 pounds x $4.70). During July, the company purchases and uses 3,080 pounds of materials costing $16,632 in making 1,400 units of finished product.Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance   $enter a dollar amount rounded to 0 decimal places    select an option                                                           UnfavorableNeither favorable nor unfavorableFavorable Materials price variance   $enter a dollar amount rounded to 0 decimal places    select an option                                                           Neither favorable nor unfavorableFavorableUnfavorable Materials quantity variance   $enter a dollar amount rounded to 0 decimal places    select an option…

JanWay Corporation manufactures a decorative vase. The vases have a standard materials cost of 2 pounds of raw materials at $3/pound. During December 15,000 pounds of raw materials costing $3.50/pound were used in producing 3,000 vases. Calculate the materials price variance and the Materials quantity variance.

Sheffield Company's standard materials cost per unit of output is $8.20 (2.00 pounds x $4.10). During July, the company purchases and uses 2,700 pounds of materials costing $14,580 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance Materials quantity variance $ %24 %24