The following company information is available for March. The direct materials price variance is: Direct materials purchased and used Standard costs for direct materials for March production Multiple Choice $9,200 unfavorable. $9,200 favorable. 4,500 feet @ $98 per foot 4,600 feet @ $96 per foot

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Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 6,500 lbs. Actual unit price of direct materials $5.9 per lb. Units of finished product manufactured 3,120 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance—unfavorable $1,586 Direct materials price variance—favorable $1,300 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished fill in the blank 1 units Standard finished product for direct materials used fill in the blank 2 units Deficiency of finished product for materials used fill in…

Direct Material Direct Labor Standard Cost Data per 1 Unit Quantity Price 3 lbs $2.00/lb 2 hrs $4.00/hr Actual Data: Units produced Material purchase & usage Direct Labor Show all computations. 25 100 lbs at $2.20 per lb 30 hrs; total cost $129 a) Compute price variance, quantity variance, direct material variance b) Compute rate variance, efficiency variance, direct labor variance

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Material and Labor VariancesThe following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product:   Actual Costs   Standard Costs Direct material   7,800 lbs. @ $5.30   8,000 lbs. @ $5.10 Direct labor   12,400 hrs. @ $8.40   12,000 hrs. @ $8.70   Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: Answer     Split cost: Answer     Standard cost: Answer     a. Materials price Answer   Answer b. Materials efficiency Answer   Answer     Labor Variances Actual cost: Answer     Split cost: Answer     Standard cost: Answer     c. Labor rate Answer   Answer d. Labor efficieny Answer   Answer

nformation about direct materials cost follows for a local company:          Standard price per materials gram $ 20   Actual quantity used   2,760 grams Standard quantity allowed for production   2,900 grams Price variance $ 19,320 F     Required: What was the actual purchase price per gram?

Use this information for Pink Peach Company to answer the question that follows. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.91; actual, $2.05 Standard yards per unit: standard, 4.73 yards; actual, 5.21 yards Units of production: 9,300 Compute the direct materials quantity variance. Oa. $8,526.24 favorable Ob. $8,526.24 unfavorable Oc. $9,151.20 unfavorable Od. $9,151.20 favorable

Larry's Woodworks has collected the following data for its cutting board line of products: K Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased What is the direct materials quantity variance? 10 pounds per unit $0.54 per pound 40,000 pounds 4,100 units OA. $17,860 unfavorable OB. $17,860 favorable OC. $540 unfavorable OD. $540 favorable