Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134128528
Author: Karen W. Braun, Wendy M. Tietz
Publisher: PEARSON
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Chapter 11, Problem 11.20AE
Calculate missing direct material variables (Learning Objective 2)
Last month. Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. Complete the following table.
| Direct materials information | Medium speed bump | Large speed bump |
| Standard pounds per unit | 15 | ? |
| Standard price per pound | $ 1.00 | $ 1.80 |
| Actual quantity purchased and used per unit | ? | 16 |
| Actual price paid for material per pound | $ 1.80 | $2.10 |
| Direct materials price variance | $1,120 U | $1,920 U |
| Direct materials quantity variance | $ 100 F | ? |
| Total direct material variance | ? | $ 480 U |
| Number of units produced | 100 | 400 |
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Students have asked these similar questions
Please answer parts 5-8 according to the images attached below.
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:
Standard Quantity or Hours
Standard Price or Rate
Standard Cost
Direct materials
?
$ 5.00
per yard
$ ?
Direct labor
?
?
?
Variable manufacturing overhead
?
$ 2
per direct labor-hour
?
Total standard cost per unit
$ ?
Overhead is applied to production on the basis of direct labor-hours. During March, 780 backpacks were manufactured and sold. Selected information relating to the month’s production is given below:
Materials Used
Direct Labor
Variable Manufacturing Overhead
Total standard cost allowed*
$ 15,600
$ 13,104
$ 2,496
Actual costs incurred
$ 13,112
?
$ 5,491
Materials price variance
?
Materials quantity variance
$ 790
U
Labor rate variance
?
Labor efficiency variance
?
Variable…
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learning System (Academic)
stion 3
Company XYZ uses machine hours to allocate its manufacturing overhead. The company
estimates that total machine hours to be operated next year are 190,000 hours. The estimated
variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate
wer saved
ked out of 2
the predetermined overhead rate.
lag question
Select one:
O a. $9.80
O b. $0.80
O c. $10.80
O d. $0.10
O e. None of the answers given
Clear my choice
Quan
If an 80% learning curve is applicable, Grosse Point's total cost on this
order would be estimated at
P26,400.
P32,000.
c.. P38,000.
a.
d.
P41,800. (CMA, Adapted)
b.
A particular manufacturing job is subject to an estimated 90% learning
59.
curve. The first unit required 50 labor hours to complete. What is the
cumulative average time per unit after four units are completed?
50.0 hours
45.0 hours
40.5 hours
с.
40.0 hours
d.
a.
b.
60. Grosse Point Manufacturing recently completed and sold an order of 50
units that had costs as follows:
Direct materials
Direct labor (1,000 hours x P8.50)
Variable overhead (1,000 hours x P4.00)*
Fixed overhead
P 1,500
8,500
4,000
1,400
P15,400
Applied on the basis of direct labor hours
Applied at the rate of 10% of variable cost
If Grosse Point had experienced a 70% learning curve, the bid for the
150 units would
show a 30% reduction in the total direct labor hours required with
no learning curve.
a.
b.
include increased fixed overhead costs.
be 10%…
Chapter 11 Solutions
Managerial Accounting (5th Edition)
Ch. 11 - (Learning Objective 1) Which of the following is...Ch. 11 - (Learning Objective 2) The direct material price...Ch. 11 - Prob. 3QCCh. 11 - Prob. 4QCCh. 11 - Prob. 5QCCh. 11 - (Learning Objective 4) Which of the following is...Ch. 11 - Prob. 7QCCh. 11 - (Learning Objective 6) Which of the following is...Ch. 11 - Prob. 9QCCh. 11 - (Learning Objective 7Appendix) Which of the...
Ch. 11 - Compute the standard cost of direct materials...Ch. 11 - Compute the standard cost of direct labor...Ch. 11 - Explain a direct material variance (Learning...Ch. 11 - Prob. 11.4SECh. 11 - Calculate direct material variances when the...Ch. 11 - Calculate direct labor variances (Learning...Ch. 11 - Prob. 11.7SECh. 11 - Prob. 11.8SECh. 11 - Calculate fixed overhead variances (Learning...Ch. 11 - Calculate and interpret fixed overhead variances...Ch. 11 - Prob. 11.11SECh. 11 - Calculate and interpret overhead variances...Ch. 11 - Record costing transactions (Learning Objective 7)...Ch. 11 - Record standard costing transactions (Learning...Ch. 11 - Identify ethical standards violated (Learning...Ch. 11 - Vocabulary (Learning Objectives 1, 2, 3, 4, 5, 6)...Ch. 11 - Calculate standard cost and gross profit per unit...Ch. 11 - Calculate standard cost per unit (Learning...Ch. 11 - Calculate and explain direct material variances...Ch. 11 - Calculate missing direct material variables...Ch. 11 - Calculate and explain direct labor variances...Ch. 11 - Calculate and interpret direct material and direct...Ch. 11 - Calculate the material and labor variances...Ch. 11 - Record materials and labor transactions (Learning...Ch. 11 - Calculate the standard cost of a product before...Ch. 11 - Recognize advantages and disadvantages of standard...Ch. 11 - Compute and interpret overhead variances (Learning...Ch. 11 - Data Set for E11-28A through E11-32A Country...Ch. 11 - Data Set for E11-28A through E11-32A Country...Ch. 11 - Data Set for E11-28A through E11-32A Country...Ch. 11 - Make journal entries in a standard costing system...Ch. 11 - Prepare a standard cost income statement (Learning...Ch. 11 - Calculate standard cost and gross profit per unit...Ch. 11 - Calculate the standard cost per unit (Learning...Ch. 11 - Calculate and explain direct material variances...Ch. 11 - Calculate missing direct material variables...Ch. 11 - Calculate and explain direct labor variances...Ch. 11 - Prob. 11.38BECh. 11 - Prob. 11.39BECh. 11 - Prob. 11.40BECh. 11 - Prob. 11.41BECh. 11 - Recognize advantages and disadvantages of standard...Ch. 11 - Calculate and interpret overhead variances...Ch. 11 - Prob. 11.44BECh. 11 - Prob. 11.45BECh. 11 - Prob. 11.46BECh. 11 - Prob. 11.47BECh. 11 - Prob. 11.48BECh. 11 - Prob. 11.49APCh. 11 - Comprehensive standards and variances problem...Ch. 11 - Comprehensive standards and variances problem...Ch. 11 - Prob. 11.52APCh. 11 - Prob. 11.53APCh. 11 - Prob. 11.54BPCh. 11 - Comprehensive standards and variances problem...Ch. 11 - Comprehensive standards and variances problem...Ch. 11 - Work backward through labor variances (Learning...Ch. 11 - Determine all variances and make journal entries...Ch. 11 - Calculate labor variances in a hotel (Learning...
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