The standard cost of Product B manufactured by Sandhill Company includes 3.0 units of direct materials at $6.80 per unit. During June, 27,500 units of direct materials are purchased at a cost of $6.60 per unit, and 27,500 units of direct materials are used to produce 9,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances, Total materials variance %24 Materials price variance Materials quantity variance (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 26,500 units. Total materials variance Materials price variance Materials quantity variance $4

DM variances; journal entriesSkip Company produces a product called Lem. The standard direct material cost to produce one unit of Lem is four quarts of raw material at $2.50 per quart. During May, 9,240 quarts of raw material were purchased at a cost of $22,176. All the purchased material was used to produce 2,200 units of Lem.a. Compute the material price variance and material quantity variance for May.Note: Do not use a negative sign with your answers. Material price variance Answer AnswerFavorableUnfavorableNeither favorable or unfavorable Material quantity variance Answer AnswerFavorableUnfavorableNeither favorable or unfavorable b. Assume the same facts except that Skip Company purchased 13,200 quarts of material at the previously calculated cost per quart, but used only 9,240 quarts. Compute the material price variance and material quantity variance for May, assuming that Skip identifies variances at the earliest possible time.Note: Do not use a negative sign with your…

Kingbird Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,400 units of direct materials at a cost of $5.90 per unit and used 50,400 units of direct materials to produce 23,300 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance 69 $ 5040 Unfavourable Favourable Unfavourable

The standard cost of Product B manufactured by Pharrell Company includes 2.2 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.35 per unit, and 26,700 units of direct materials are used to produce 12.000 units of Product B (2) Compute the total materials variance and the price and quantity variances Total materials variance Materials price variance (b) Materials quantity variance $ $ Total materials variance $ Compute the total materials variance and the price and quantity variances, assur purchased and used is 26,900 units. Materials price variance $ $ Materials quantity variance $ the purchase price is $5,70 and the quantity SUPPORT

Use this information to answer the question that follow.The following data relate to direct materials costs for February:Materials cost per yard: standard, $1.96; actual, $2.03Standard yards per unit: standard, 4.73 yards; actual, 5.21 yardsUnits of production: 9,100Calculate the direct materials price variance.

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

Use the information provided to answer the questions. Actual price paid per pound of material $15.00 Total standard pounds for units produced this period 12,600 Pounds of material used 13,300 Direct materials price variance favorable $3,990.00 All material purchased was used in production. Enter all amounts as positive numbers. A. What is the standard price for materials? Standard price paid $ B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ D. If the direct materials price variance was unfavorable, what would be the standard price? Standard price $

Direct Materials Variances The following data relate to the direct materials cost for the production of 2,000 automobile tires: Actual: 51,600 lbs. at $1.85 per Ib. Standard: 50,600 lbs. at $1.90 per Ib. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance Favorable Favorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance . When lower amounts of direct materials are used because of production b. The direct materials price variance should normally be reported to the Plant Manager . When the favorable use of raw materials is caused by the purchase of higher-quality efficiencies, the variance would be reported to the Production Supervisor raw materials, the variance should be reported to the Purchasing Department %24 %24 %24

The standard cost of Product B manufactured by Pharoah Company includes 2.6 units of direct materials at $5.30 per unit. During June, 27,400 units of direct materials are purchased at a cost of $5.05 per unit, and 27,400 units of direct materials are used to produce 10,400 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.40 and the quantity purchased and used is 26,900 units. Total materials variance $ Materials price variance $ Materials quantity variance $

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 6,700 lb. Actual unit price of direct materials $5.60 per Ib. Units of finished product manufactured 3,220 units Standard direct materials per unit of finished product 2 lb. Direct materials quantity variance-unfavorable $1,482 Direct materials price variance-unfavorable $670 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 end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials per unit