The direct materials price variance is: $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. A) B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products - the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products-the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: The direct materials price variance is: A) $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds

Boracay Company manufactures desks with vinyl tops. The standard material cost for the vinyl used for Model S desk is P27.00 based on 12 square feet of vinyl at a cost Ph2.25 per square foot. A production of run of 1,000 desks in March resulted in usage of 12,600 square feet of vinyl at a cost of Ph2.00 per square foot, a total cost of Ph 25,200. The usage variance resulting from the above production run was ? Ph 1,200 unfavorable Ph 1,350 unfavorable Ph 1,800 favorable Ph 3,150 favorable

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

Will Co. produces chairs. The standard direct material cost to produce one unit of chair is 4 meters of raw materials at P5.00 per meter. During 2020, 8,400 meters of raw materials were purchased at a cost of P20,160. All the purchased materials were actually used to produce 2,000 units of chairs. 1. Compute the actual price per meter material price and quantity variance and prepare journal entry to record the variance, assuming the price variance is determined at the time of usage.

A chair company set the following standards:  Wood per chair:  7.5 feet.  Cost per foot:  $4.25.  In June, it manufactured 20,000 chairs. The company purchased and used 300,000 feet of wood for $3.42 per foot.  Calculate the materials price and efficiency variances.

Provide answer the question

Aquatic Corp.'s standard material requirement to produce one Model 2000 is 15 pounds of material at $110 per pound. Last month, Aquatic purchased 170,000 pounds of material at a total cost of $17,850,000. It used 162,000 pounds to produce 10,000 units of Model 2000. Determine the direct materials price variance and direct materials quantity variance, and indicate whether each variance is favorable or unfavorable. Enter favorable variances as negative numbers. a.  Direct materials price variance $fill in the blank 1   b.  Direct materials quantity variance $fill in the blank 3

1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last​ month? 2. What is the direct material price​ variance? 3. What is the direct material quantity​ variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity​ variance?

Glassica, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 2.00 pounds per glass at a cost of $1.00 per pound. The actual result for one month's production of 7,000 glasses is 1.2 pounds per glass, at a cost of $0.30 per pound. The direct materials efficiency variance is O 650 U O $6,930 F O $6,930 U O $5,800 F O $5,600 F TAZ