Direct Materials Variances The following data relate to the direct materials cost for the production of 2,500 automobile tires Actual 48,200 lbs at $1 75 per lb Standard 46,800 lbs at $1 7 per lb 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 Variance $ Direct Materials Quantity Variance $ Total Direct Materials Cost Variance $ b The direct materials price variance should normally be reported to the If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the If 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 Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility The units are made from brass Manufacturing has 30 employees Each employee presently provides 35 hours of labor per week Information about a production week is as follows Standard wage per hour $13 2 Standard labor time per unit 20 min Standard number of lbs of brass 1 8 lbs Standard price per lb of brass $11 25 Actual price per lb of brass $11 5 Actual lbs of brass used during the week 11,124 lbs Number of units produced during the week 6,000 Actual wage per hour $13 6 Actual hours for the week (30 employees 35 hours) 1,050 hrs Required a Determine the standard cost per unit for direct materials and direct labor Round the cost per unit to two decimal places Direct materials standard cost per unit $ Direct labor standard cost per unit $ Total standard cost per unit $ b Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance Round your answers to the nearest whole dollar Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance $ Direct Materials Quantity Variance $ Total Direct Materials Cost Variance $ c Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance Round your answers to the nearest whole dollar Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Labor Rate Variance $ Direct Labor Time Variance $ Total Direct Labor Cost Variance $

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Direct Materials Variances The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: 48,200 lbs. at $1.75 per

Direct Materials Variances

The following data relate to the direct materials cost for the production of 2,500 automobile tires:

Actual:	48,200 lbs. at $1.75 per lb.
Standard:	46,800 lbs. at $1.7 per lb.

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 Variance	$
Direct Materials Quantity Variance	$
Total Direct Materials Cost Variance	$

b. The direct materials price variance should normally be reported to the . If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the . If 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 Materials and Direct Labor Variance Analysis

Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows:

Standard wage per hour	$13.2
Standard labor time per unit	20 min.
Standard number of lbs. of brass	1.8 lbs.
Standard price per lb. of brass	$11.25
Actual price per lb. of brass	$11.5
Actual lbs. of brass used during the week	11,124 lbs.
Number of units produced during the week	6,000
Actual wage per hour	$13.6
Actual hours for the week (30 employees 35 hours)	1,050 hrs.

Required:

a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.

Direct materials standard cost per unit	$
Direct labor standard cost per unit	$
Total standard cost per unit	$

b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct Materials Price Variance	$
Direct Materials Quantity Variance	$
Total Direct Materials Cost Variance	$

c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.