E23-5 The standard cost of Product B manufactured by Pharrell Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70 per unit, and 29,000 units of direct materials are used to produce 9,400 units of Product B. Instructions (a) Compute the total materials variance and the price and quantity variances. (b) Repeat (a), assuming the purchase price is $5.15 and the quantity purchased and used is 28,000 units.

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.91; actual, $2.03 Yards per unit: standard, 4.64 yards; actual, 5.14 yards Units of production: 9,300 The direct materials price variance is O a. $5,736.24 unfavorable O b. $1,116.00 unfavorable O c. $5,736.24 favorable O d. $5,178.24 favorable 4:

B MC Qu. 08-141 (Algo) Fletcher Company collected the following... Fletcher Company collected the following data regarding production of one of its products. Compute the total direct labor variance. Direct labor standard (2 hours @ $12.95/hour) $ 25.90 per finished unit Actual direct labor hours 89,500 hours Actual finished units produced 44,000 units Actual cost of direct labor $ 1,208,250

Compute direct materials variances. BE11.4 (LO 2), AP Simba Company's standard materials cost per unit of output is $10 (2 pounds x $5). During July, the company purchases and uses 3,200 pounds of materials costing $16,192 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. Compute direct labor variances. utput is $20 (3 hours Su nor hour). During August the

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a. The standard cost of product AAA includes 6 units of direct materials at $10 per unit. During August, the company bought 60,000 units of materials at $12 and used those materials to produce 11,000 units of product AAA. AQ= AP = SQ = SP = Compute the total, price, and quantity_variances for materials.

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25.000 units. The direct materials price variance is Direct materials standard (7 pounds @ $1.65/pound) Actual cost of materials purchased. $ 11.55 per finished unit $ 257,850 Actual direct materials purchased and used. 143,000 pounds Multiple Choice $30,900 unfavorable $52.800 favorable $30,900 unfavorable. $52,800 favorable. $52,800 unfavorable. $21,900 favorable. $21,900 unfavorable.