The following data for Keefe Company pertain to the production of 500 units of Product X during December. Selected data items are omitted. Standard cost per unit ⚫ Direct Materials - 4 units of material A x $3.00 per unit 1 unit of material B x $4.00 per unit Direct Labor - 3 hours x $9.00 per hour Activity for September • Materials purchased Material A - 4,500 units x $3.10 per unit Material B - 1,100 units x $4.15 per unit Materials used 。 Material A - 4,150 units 。 Material B - 1,005 units Direct labor used - 2,950 hours x $9.40 per hour Production output - 1,000 units There were no beginning direct materials inventories. a. Determine the materials price and quantity variances. b. Determine the labor rate and efficiency variances.

In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $30,000 and ending work in process inventory of $32,000. During the month, $206,000 of costs were added to production and the cost of units transferred out from the department was $204,000. Required: Construct a cost reconciliation report for the department for the month of July. Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the month Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for

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The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively. The number of equivalent units produced in June and July was 4,000 and 4,250, respectively. Which of the following best describes the change in the cost of materials between the two months? Oa. The cost of materials increased by $1,125, indicating an unfavorable change. Ob. The cost of materials decreased by $0.29 per unit, indicating an improvement. C. The cost of materials increased by $0.88 per unit, indicating an unfavorable change. d. The cost of materials increased by $0.28 per unit, indicating an unfavorable change

The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively. The number of equivalent units produced in June and July was 4,000 and 4,250, respectively. Which of the following best describes the change in the cost of materials between the two months? a.The cost of materials increased by $0.28 per unit, indicating an unfavorable change b.The cost of materials decreased by $0.29 per unit, indicating an improvement. c.The cost of materials increased by $0.88 per unit, indicating an unfavorable change. d.The cost of materials increased by $1,125, indicating an unfavorable change.

[The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 875,840 $ 27,150 3,658 $ 30,800 552,450 323,390 5906,640 Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 2,500 100% 20% Units started this period 43,500 Completed and transferred out 43,000 Ending work in process inventory 3,000 100% без Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs -Equivalent units of production Cost per equivalent…

am. 111.

In April, one of the processing departments at Terada Corporation had: • beginning work in process inventory of $40,000 • ending work in process inventory of $46,000. . . During the month, $263,000 of costs were added to production • the cost of units transferred out from the department was $257,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be: $606,000 $86,000 $303,000 $566,000

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,800 tons in beginning work in process inventory (20% complete) on October 1. During October, 63,400 tons were completed. The ending work in process inventory on October 31 was 3,200 tons (80% complete).

In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $72,000. Overhead totaled $32,700 for the month. Information on inventories was as follows: July 1 July 31 Materials $5,400 $5,200 Work in process $ 700 $1,200 Finished goods $3,100 $2,700 What was the cost of direct materials used in July?