The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the price variance for materials Select one: a. $6,000 favorable b. $36,000 unfavorable C. $36,000 favorable d. $35,000 unfavorable e. $13,000 unfavorable

The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the price variance for materials Select one: a. $6,000 favorable b. $36,000 unfavorable C. $36,000 favorable d. $35,000 unfavorable e. $13,000 unfavorable

Name: المحاسبة الادارية نظرThe flexible-budget variance for materials is $5
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Description: المحاسبة الادارية نظرThe flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000(U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturinglabor is $7,000 (F). Calculate the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Based on the attached image, answer the following question: 1. What is the direct-material price variance? 2. What is the direct-material quantity variance? 3. What is the labor rate variance?
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H1. Answer b please
Acme Inc. has the following information available: $ 1.00 $ 1.20 Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour 100 110 $ 15.00 $ 16.00 Actual hours 200 Standard hours for units produced 220 Calculate the Labor Rate Variance and indicate if the variance is favorable or unfavorable
It is estimated that a product requires 50 units of material at the rate of $3 per unit. The actual consumption of material for manufacturing the same product came to 60 units at the rate of $2.9 per unit. Calculate 1. Material cost variance 2. Material price variance 3. Material usage variance
The following data relate to labor cost for production of 5,900 cellular telephones: Actual: 3,970 hrs. at $16.10 Standard: 3,910 hrs. at $16.30 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Time variance 2$ Total direct labor cost variance b. The employees may have been less-experienced or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard.
Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $0.80 Actual quantity purchased and used in production 110 Standard quantity for units produced 120 Actual labor rate per hour $14 Standard labor rate per hour $15 Actual hours 190 Standard hours for units produced 220 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance $fill in the blank 1 Material quantity variance $fill in the blank 3 Labor rate variance $fill in the blank 5 Labor efficiency variance $fill in the blank 7 B. What are some possible causes for this combination of favorable and unfavorable variances?
10)The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the efficiency variance for materials. 11)Corp has prepared the following flexible budget for . F = favorable variance, U = unfavorable variance.
Please help with the following question,
Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 2 DLH per unit. For March, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget. The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $129,230. 80% Operating Levels Overhead Budget Production in units 10,000 Budgeted variable overhead Budgeted fixed overhead $ 58,000 $ 68,000 1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 20,000 DLH, computed as 10,000 units × 2.00 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 20,000…
The management of Cleancut Lawnmowers has calculated the following variances: Direct materials cost variance $11,000 U Direct materials efficiency variance 35,000 F Direct labor cost variance 15,000 F Direct labor efficiency variance 13,000 U Variable overhead cost variance 3,500 F Variable overhead efficiency variance 6,000 F Fixed overhead cost variance 4,500 F When determining the total product cost flexible budget variance, what is the total manufacturing overhead variance of the company?