The standard cost of product B manufactured by Coronado Company includes 3 units of direct materials at $6.10 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $5.73 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B Calculate the materials variance, and the price and quantity variances. Materials variance Materials price variance Materials quantity variance $

The standard cost of product B manufactured by Coronado Company includes 3 units of direct materials at $6.10 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $5.73 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B Calculate the materials variance, and the price and quantity variances. Materials variance Materials price variance Materials quantity variance $

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Description: Please help me The standard cost of product B manufactured by Coronado Company includes 3 units of direct materials at $6.10 per unit. DuringJune, the company purchases 29,000 units of direct materials at a cost of $5.73 per unit and uses 29,000 unit

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...

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Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows: Instructions Determine (A) the standard cost per unit for direct materials and direct labor; (B) the price variance, quantity variance, and total direct materials cost variance; and (C) the rate variance, time variance, and total direct labor cost variance.
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Refer to Cornerstone Exercise 8.13. In March, Nashler Company produced 163,200 units and had the following actual costs: Required: 1. Prepare a performance report for Nashler Company comparing actual costs with the flexible budget for actual units produced. 2. What if Nashler Companys actual direct materials cost were 1,175,040? How would that affect the variance for direct materials? The total cost variance?
Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. At the beginning of the month, Edve Co. bought 25,000 feet of rubber for $6.875. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? B. If they bought 10,000 connectors costing $310, what would the direct materials price variance be for the connectors? C. If there was an unfavorable direct materials price variance of $125, how much did they pay per toot for the rubber?
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