LCC Company produce cereal product. At the beginning of the year, LCC Company had the following standard cost shee per unit if almond chocolates (estimated to yield 4 kg per unit).   SP Usage Standard Cost Direct Material:       Dried Fruits $ 30.00 3 kg $ 90.00 Corn  $ 20.00 2 kg $ 40.00 TOTAL   5 kg $ 130.00 Direct Labor:       Assembly $ 25.00 0.80 hr $ 20.00 Packaging $ 20.00 0.20 hr $ 4.00 TOTAL   1 hr $ 24.00   Actual Results:     Output 875 units   Yield 3,500 kg     Actual Mix Actual Price Direct Material:     Dried Fruits 1,400 kg  $ 28.00 Corn  2,600 kg $ 24.00 TOTAL 4,000 kg   Direct Labor:     Assembly 675 hours $ 24.50 Packaging 225 hours $ 21.00 TOTAL 900 hours     If the variance is Unfavorable, the amount should be positive. Otherwise the Favorable variance should be negatove amount. Round the final answers to two decimal places. Compute for the following: 1. Material Price Variance? 2. Material Mix Variance? 3. Material Yield Variance?

On November 14, the Milling Department accepted Job 111407A for 1,000 pounds of cereal mix. Materials:   Standard Qty.   Standard Cost     Oats   525 pounds   $1.25 per pound     Wheat   450 pounds   $1.15 per pound     Barley     85 pounds   $1.45 per pound     Malt     65 pounds   $2.15 per pound     Honey   25 quarts   $1.20 per quart       Water   25 gallons   $0.45 per gallon   Time:             Miller   4 1/2 hours   $22.75 per hour       Loader   1 1/2 hours   $11.50 per hour     Overhead is applied at $5.75 per pound completed. The recipe produced 1,025 pounds of cereal mix. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. a.  Journalize the entry to record the transfer of raw materials to Job 111407A.  Nov. 14 Materials  fill in the blank ab6eb9009046f9b_2 fill in the blank ab6eb9009046f9b_3   Work in Process  fill in the blank ab6eb9009046f9b_5 fill in the blank…

STI Industries manufactures two types of industrial staplers, small and regular. During October,STI purchased direct materials to produce its staplers. The quantity purchased equaled thequantity used. Related information for direct materials is as follows:                                                                               Small                 RegularDirect materials                                                     Stapler              StaplerStandard ounces per unit                                        12                         cStandard price per ounce                                        $2.00                $2.50Actual quantity purchased (used) per unit                 a                    16.75Actual price per ounce                                             $2.50               $2.80Materials price variance                                         $1,000 U            $2,010 U Materials usage variance                                          $800 F…

Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,600 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar

Standard Direct Materials Cost per Unit

The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Product Demand Next year (units) Selling Price per Unit Direct Materials Direct Labor Debbie 59,000 $ 30.00 $ 5.20 $ 2.10 Trish 51,000 $ 7.00 $ 2.00 $ 0.70 Sarah 44,000 $ 42.00 $ 7.79 $ 4.20 Mike 54,500 $ 12.00 $ 2.90 $ 2.80 Sewing kit 334,000 $ 8.90 $ 4.10 $ 0.35 The following additional information is available: The company’s plant has a capacity of 76,800 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. Next year’s direct labor pay rate will be $7 per hour. Fixed manufacturing costs total $610,000 per year. Variable overhead costs are $4 per direct labor-hour. All of the company’s nonmanufacturing costs are fixed. The company’s finished goods inventory is negligible and can be ignored. Required: How many direct labor-hours are used to manufacture one unit of each of the…

Delicious Desserts makes cupcakes and cookies. The company gathered the following information for the current year regarding its use of flour and butter (four is a direct material for cupcakes and butter is a direct material for cookies) Standard quantity per batch Standard Price (SP) per pound Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Flour (Direct Materials) Cupcakes 4 lbs $0.301b OA 14 D OB. 0704 OC. 0.4 OD. 264 $1.00 ? $525 U Butter (Direct Matenals) Cookies 20 ? 4 bs $1.96/b $1,300 U ? Quanety vanance Flexible budget variance 7 Number of batches produced 290 The actual direct material quantity used per batch for cupcakes may be closest to $3,000 U 600

Solve all please

Subject: Acounting

Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity Price Cocoa 600 Ibs. $1.25 per Ib. Sugar 120 Ibs. $0.50 per Ib. Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $ per bar