FUND.ACCT.PRIN.
25th Edition
ISBN: 9781260247985
Author: Wild
Publisher: RENT MCG
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Chapter 23, Problem 13E
Exercise 23-13 Computing and interpreting materials variances P3 
Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot.
1. Compute the direct materials price and quantity variances and classify each as favorable or unfavorable.
2. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials variances will Hart investigate further?
Check Price variance, $2,200 U
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QS 23-8 Materials variances P3
Tercer reports the following for one of its products. Compute the direct materials price and quantity variances and classify each as favorable or unfavorable.
Actual finished units produced....
Direct materials standard (4 lbs. @ $2 per Ib.) ... $8 per finished unit
300,000 lbs.
60,000 units
Actual direct materials used
Actual cost of direct materials used...
$540,000
Question Content Area Myers Corporation has the following data related to direct materials costs for
November: actual cost for 4, 690 pounds of material at $5.30 and standard cost for 4, 410 pounds of
material at $6.30 per pound. The direct materials price variance is a. $1,764 favorable b. $4,690
favorable c. $1,764 unfavorable d. $4,690 unfavorable
Exercise 21-16 (Algo) Computing and analyzing direct labor variances LO P3
Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.50 per hour. During October, the company actually
uses 11,500 hours of direct labor at a $180,550 total cost to produce 6,100 units. In November, the company uses 15,500 hours of
direct labor at a $244,125 total cost to produce 6,500 units of product.
AH Actual Hours
SH
AR
SR
Standard Hours
Actual Rate
Standard Rate
(1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two
months.
(2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate
further?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months.…
Chapter 23 Solutions
FUND.ACCT.PRIN.
Ch. 23 - Prob. 1QSCh. 23 - Prob. 2QSCh. 23 - Prob. 3QSCh. 23 - Prob. 4QSCh. 23 - Prob. 5QSCh. 23 - Prob. 6QSCh. 23 - Prob. 7QSCh. 23 - Prob. 8QSCh. 23 - Prob. 9QSCh. 23 - Prob. 10QS
Ch. 23 - Prob. 11QSCh. 23 - Prob. 12QSCh. 23 - Prob. 13QSCh. 23 - Prob. 14QSCh. 23 - Volume variance P3 Refer to information in QS...Ch. 23 - Prob. 16QSCh. 23 - Prob. 17QSCh. 23 - Prob. 18QSCh. 23 - Prob. 19QSCh. 23 - Prob. 20QSCh. 23 - Prob. 21QSCh. 23 - Prob. 22QSCh. 23 - Prob. 23QSCh. 23 - Prob. 24QSCh. 23 - Prob. 25QSCh. 23 - Exercise 23-1 Management by exception C1 Resset...Ch. 23 - Prob. 2ECh. 23 - Exercise 23-2 Preparing flexible budgets P1 Tempo...Ch. 23 - Prob. 4ECh. 23 - Prob. 5ECh. 23 - Prob. 6ECh. 23 - Prob. 7ECh. 23 - Prob. 8ECh. 23 - Prob. 9ECh. 23 - Prob. 10ECh. 23 - Prob. 11ECh. 23 - Prob. 12ECh. 23 - Exercise 23-13 Computing and interpreting...Ch. 23 - Prob. 14ECh. 23 - Exercise 23-15
Direct materials and direct labor...Ch. 23 - Prob. 16ECh. 23 - Prob. 17ECh. 23 - Exercise 23-18A Detailed overhead variances P5...Ch. 23 - Prob. 19ECh. 23 - Prob. 20ECh. 23 - Prob. 21ECh. 23 - Prob. 22ECh. 23 - Prob. 23ECh. 23 - Prob. 24ECh. 23 - Prob. 25ECh. 23 - Prob. 26ECh. 23 - Prob. 27ECh. 23 - Prob. 28ECh. 23 - Prob. 1PSACh. 23 - Prob. 2PSACh. 23 - Prob. 3PSACh. 23 - Prob. 4PSACh. 23 - Prob. 5PSACh. 23 - Prob. 6PSACh. 23 - Prob. 1PSBCh. 23 - Prob. 2PSBCh. 23 - Prob. 3PSBCh. 23 - Prob. 4PSBCh. 23 - Prob. 5PSBCh. 23 - Prob. 6PSBCh. 23 - Prob. 23SPCh. 23 - Flexible budgets and standard costs emphasize the...Ch. 23 - Prob. 2AACh. 23 - Prob. 3AACh. 23 - Prob. 1DQCh. 23 - Prob. 2DQCh. 23 - Prob. 3DQCh. 23 - Prob. 4DQCh. 23 - Prob. 5DQCh. 23 - Prob. 6DQCh. 23 - Prob. 7DQCh. 23 - Prob. 8DQCh. 23 - Prob. 9DQCh. 23 - Prob. 10DQCh. 23 - Prob. 11DQCh. 23 - Prob. 12DQCh. 23 - Prob. 13DQCh. 23 - How can the manager of advertising sales at Google...Ch. 23 - Prob. 15DQCh. 23 - Prob. 16DQCh. 23 - Prob. 1BTNCh. 23 - Prob. 2BTNCh. 23 - Prob. 3BTNCh. 23 - Prob. 4BTN
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