K Brookman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 1.0 pound per glass at a cost of $0.30 per pound. The actual result for one month's production of 7,300 glasses was 1.2 pounds per glass, at a cost of $0.10 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). × × = Direct Materials Cost Variance Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). x = Direct Materials Efficiency Variance ) × =

K Brookman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 1.0 pound per glass at a cost of $0.30 per pound. The actual result for one month's production of 7,300 glasses was 1.2 pounds per glass, at a cost of $0.10 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). × × = Direct Materials Cost Variance Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). x = Direct Materials Efficiency Variance ) × =

Name: KBrookman, Inc. is a manufacturer of lead crystal glasses. The standa
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Description: KBrookman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is1.0 pound per glass at a cost of $0.30 per pound. The actual result for one month's production of7,300 glasses was 1.2 pounds per glass, at a cost of

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...

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