1.Griffen Company makes pipe using metal. The company uses a standard costing system. Variable overhead is allocated on the basis of direct material usage (pounds). Overhead is allocated to units based on expected production of 12,700 units. Griffen maintains a materials inventory, so the amount of material used is not necessarily the same as the amount of material purchased in any one month.
The standard cost sheet for a unit of pipe follows.
Direct material 7pounds@$6 $42.00
Direct labor 3hours@$26 78.00
Variable overhead 7pounds@$3 21.00
Fixed overhead 21.00
$162.00
August financial results show that the average purchase price of metal was $6.30 per pound. The purchase price variance $34,707 unfavorable. The variable overhead efficiency variance was 8,700 unfavorable. Good output produced totaled 15,700 units.
Required:
a.How many pounds of metal were purchased in August?(Do not round intermediate calculations.)
b.What was the direct material efficiency variance in August?(Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
c.How many pounds of metal were used in August?(Do not round intermediate calculations.)
2.
John's Weed-B-Gone yard service sprays lawns to rid them of weeds John mixes the two chemicals, Weed-X and Pest-0, in proportions depending on the climate and the particular weed problems of the season. A standard mi): calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.10 per gallon and Pesto-O has a standard cost of $25.10 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 535,000 square yards of lawn. For the past season, John treated 546,000 square yards. He used 4.500 gallons of Weed-X and 4,300 gallons of Pest-O. He paid a total of $38,250 for the Weed-X and $104,490 for the Pest-O. Required: 3. Compute the materials price and efficiency variances for the season. I). Compute the materials mix and yield variances for the season. Complete this question by enterlng your amoral In the tabs below. Required A Required B Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F' For favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) John's Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed-X and Pest-0. in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.10 per gallon and Pesto-O has a standard cost of $25.10 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 535,000 square yards of lawn. For the past season, John treated 546.000 square yards. He used 4.500 gallons of Weed-X and 4,300 gallons of Pest-O. He paid a total of $38,250 for the Weed-X and $104,490 for the Pest-O. Req uired: 3. Compute the materials price and efciency variances for the season. b. Compute the materials mix and yield variances for the season. Complete this question by enterlng your answers In the tabs below. Compute the materials mix and yield variances for the season. [Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or 'U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) WeedX Pest0 Total