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eBook Calculator Show Me How Print Item Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (10,450 bars) are as follows: Ingredient Quantity Price Cocoa 660 lbs $0.40 per lb. Sugar 180 lbs $0.60 perib Milk 150 gal $1.70 per gal Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: 2 hrs Direct labor standard rate $17.00 per hc standard time per unit Direct matenals (oak): standard price $11.50 per bd. ft. standard quantity 17 bd. It Variable factory overhead: standard rate $2.40 per direct labor hr Fixed factory overhead: standard rate $120 per direct labor hr a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table b. A standard cost sitem provides Sana Rose management a cost control tool using the principle of cost control cost deviations from standards can be investigated and corrected. Using this principle, major Direct Materials Variances The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual 61,100 lbs. at $1.9 perib Standard: 59,900 lbs at $1.85 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 Varance Unfavorable Direct Materials Quantity Variance Unfavorable Total Direct Materials Cost Variance Unfavorable b. The direct materials price variance should normally be reported to the If lower amounts of direct materials had been used because of production eiciencies, the variance would be reported to the the favorable use of raw materials had been caused by the purchase of higher quality raw materials, the variance should be reported to the Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones Actual: 3.150 hrs. at $15.1 Standard: 3,100 hrs. at $15.4 a. Determine the direct labor rate varianco, direct labor time variance, and total direct labor cost variance. Enter a fovorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Rate variance Time variance Total direct labor cost variance b. The employees may have been loss-experienced or poorly trained, thereby resulting in a labor rate thon planned. The lower level of experience or training may have resulted in ufficient performance. Thus, the actual time required was than standard