Answered step by step
Verified Expert Solution
Question
1 Approved Answer
eBook Pe Sma Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one
eBook Pe Sma Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit) Direct mate Direct leber Standard Quantity * 3 pounds Standard Price Standard Cost $4.40 per pound $13.20 2.00 hours 12.00 per hour Total cost 24.00 $37.20 Sa Industries made 3,100 ladders in July and used 9,000 pounds of material to make these units. Ska Industries bought 15,500 pounds of material in the current period. There was a $300 unfavorable direct materials price variance Entar all amounts as positive numbers A. How much in total did Sitka pey for the 15,500 pounds? Amount paid 6. What is the direct materials quantity variance Direct materiais quantity vanance C. What is the total direct materials cost vacance Total erect materials cast venance X Lavitable D. What if 9,000 pounds were used to make these ladders, what would be the direct materials quantity variance Direct materiais quantity verance 6. there was a $330 favorable dreit materials price verance, how much die Sitka pay for the 15.500 pounds of material A. Find the bite aunt using the standard ance and factoring in the unfeverat det material price venance B. Compare the pounds agent the standard quantity, Multoy the efference by the Cheret materiais quantly variances ajusted for the unfavorable materials D. The standard quantity is impared to the suggested pounds for the what scans. The offenced by the standard price to deter the direct materais quentify variance Would the direct materiais ne verence be deducted from the last of the materials bought? (HINT: Consider the affect of favorable and unfavorable amounts One is added endured)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started