During August, 2021, a company produced 1,000 units of a product using 3,600 pounds of direct material at a cost of P2.20 per pound. The direct material standard requires 4 pounds of material per unit of product at a standard price of P2.00 per pound. 5. The material quantity variance is: a. P880 unfavorable c. P800 favorable d. 800 unfavorable b. P880 favorable The standard direct labor cost for a product is 3 hours at P6 per hour. Budgeted production was 10,000 units for the year and actual production was 12,000 units. Actual direct labor cost was P210,375 for 38,250 hours. 6. Compute for (1) the labor rate variance and (2) labor efficiency variance (1) P19,125 F and P13,500 U (1) P19,125 U and P13,500 F (1) P19,125 F and P49,500 U (1) P19,125 U and P49,500 F

Elder furnishes the following information for the year: Standard: Material for 70 kgs finished products =100 kg Price of the material=1 per kg Actual: Output =210,000 kg Material used=280,000 kg Cost of material=252,500 Find material usage, price and cost variances.

Required: A. Materials mix varianceB. Materials yield variance

A company uses 8200 pounds of materials and exceeds the standard quantity by 400 pounds. The quantity variance is $1500 unfavorable. What is the standard materials price? O $3.75- O Cannot be determined from the data provided. O $1.25 O $2.50

. Light Company manufactures product Alpha and the following information has been provided for the month of December: Standard costs: Direct material C   4 kg @ sh. 80 Direct material D   6 kg @ sh. 40 Actual data: Direct material C   30,000kg @sh. 82 Direct material  D   16,000kg @sh. 36 Actual number of units were 8,000 units. Required: What is the material yield variance?     Select one: A. 464,000A B.   1,904,000F C. 1,440,000F D.   None of the above

Question: Calculating Material Variances: At Frigicor, The Standard Price For The M640 Electrical Relay (A Component Used In The Production ... Calculating Material Variances: At Frigicor, the standard price for the M640 electrical relay (a component used in the production of a commercial refrigeration unit) is $57. Standards call for 2.5 relays per unit of finished product. In July, the company purchased 150 relays for $8,900. The company used 104 relays in the production of 50 refrigeration units (4 relays were damaged in the installation process). Required: calculate the material price variance and the material quantity variance related to the M640 electrical relay. Indicate whether the variances are favorable or unfavorable. (show work)

Kingbird Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,400 units of direct materials at a cost of $5.90 per unit and used 50,400 units of direct materials to produce 23,300 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance 69 $ 5040 Unfavourable Favourable Unfavourable

8. Company S purchased 1,000 units raw materials amounting to $5,000 and used $4,500 worth for the production during the current month. The standard price for these raw materials is $5.2 per unit. How much is the materials price variance for the current month if Company S analyzes the variance at the point of purchase? $200 favorable O $200 unfavorable O $700 favorable $700 unfavorable

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials quantity variance is: Direct materials standard (7 Kilogram @ $2/Kilogram) Actual cost of materials purchased Actual direct materials purchased and used Multiple Choice $50,000 favorable. $22.500 unfavorable. $27,500 unfavorable. $50,000 unfavorable $22.500 favorable

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