Woodside Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Style-R table is $7.20 based on 8 square feet of vinyl at a cost of $.90 per square foot. A production run of 1,000 tables in January resulted in usage of 8,300 square feet of vinyl at a cost of $.80 per square foot, a total cost of $7,055. If the materials price variance was recorded when the material was issued to production, that variance was: a. $290 favorable. b. $830 unfavorable. c. $290 unfavorable. d. $830 favorable.

Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $21 per hour. In November the company produced 7,000 units using 5,800 direct labor-hours. The actual direct labor cost was $121,800.   The labor efficiency variance for November is:   $11,500. F   $10,500. F   $10,500. U   $11,500. U

Vibrant Paints Co manufactures and sells paints. Business Unit A of the company makes a paint called Micra. Micra is made using three key materials: R, S and T. At the end of period 1, a total material cost variance of $4,900 adverse was correctly recorded for Micra. The following information relates to Micra for period 1: Material R S T Standard cost per litre ($) 63 O $800 adverse 50 45 Actual cost per litre ($) 62 51 48 Actual usage (litres) 1,900 2,800 1,300 The standard ratio of mixing material R, material S and material Tis 30:50:20. The material price variance for Micra has been correctly calculated as $4,800 adverse. What is the total material yield variance for Micra for period 17 O $900 adverse O $800 favourable O $700 favourable

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Waterway, Inc. makes high-quality swimsuits. During the year, the company produced 801 suits, using 966 yards of material, and the company purchased 860 yards of material for $4,751. The direct materials standard for the swimsuits allows 1.14 yards of material at a standard price of $6 per yard.Calculate Waterway’s direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 15.) Direct material quantity variance   $    UnfavorableFavorableNot Applicable

CompuWatch Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 935 tablets during December. However, due to LCD defects, the company actually used 960 LCD displays during December. Each display has a standard cost of $23.00. Nine hundred sixty (960) LCD displays were purchased for December production at a cost of $20,880. Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance $fill in the blank 1   Quantity variance $fill in the blank 3   Total direct materials cost variance $fill in the blank 5

Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 3 ounces of material for each pair of lenses. The standard cost per ounce of material is $12. During July, the Santa Clara location produced 6,000 pairs of sunglasses and used 17,750 ounces of materials. The cost of the materials during July was $12.25 per ounce, and there were no beginning or ending inventories. Note: Round answers to the nearest whole number, when needed. Required a. Determine the flexible budget materials cost for the completion of the 6,000 pairs of glasses. $ b. Determine the actual materials cost incurred for the completion of the 6,000 pairs of glasses and compute the total materials variance. $ actual materials cost $ ✰ total materials variance c. How much of the total variance was related to the price paid to purchase the materials? $ ÷ d. How much of the difference between the answers to requirements (a) and (b) was related to the…

Garza Toys made 4,000 teddy bears for the Christmas season. The company used 3,800 pounds of direct materials that cost them $6,308. The standard quantity of materials is one pound per unit and $1.50 per pound. The materials price variance is Select answer from the options below  $608 U $608 F $308 F $308 U

In its first month of operations, Multiplex Corporation purchased 40,000 pounds of material for $3.40 per pound. The company used 38,000 pounds of the material to produce 18,000 units of its only product. Multiplex uses a standard cost system and its standard quantity and price per unit are 2 pounds at $3.50 per pound. What was the material efficiency variance for the month?   Multiple Choice   $5,000 unfavorable   None of these.   $7,000 favorable   $7,000 unfavorable   $5,000 favorable

5. During August, 10,000 units were produced. The standard quantity of material allowed per unit was 10 pounds at a standard cost of $3 per pound. If there was an unfavorable usage variance of $18,750 for August, the actual quantity of materials used must be * O 23,438 pounds. O 93,750 pounds. O 31,875 pounds. O 106,250 pounds. 6. ColorPro uses part 87A in the production of color printers. Unit manufacturing costs for part 87A are: Direct materials $8 Direct labor Variable overhead Fixed overhead 4 ColorPro uses 100,000 units of 87A per year. Filbert Company has offered to sell ColorPro 100,000 units of 87A per year for $12. Fixed overhead is unavoidable. Should ColorPro make or buy the part? * 2 Make the part because it will save $100,000 over buying it. O Make the part because it will save $1,100,000 over buying it. Buy the part because it will save $300,000 over making it. Buy the part because it will save $100,000 over making it. Buy the part because it will save 1,100,000 over…