Question
Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both
Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. | ||||||||||||
Large | Small | |||||||||||
Rubber | 3 feet at $0.25 per foot | 1.25 feet at $0.25 per foot | ||||||||||
At the beginning of the month, Ed Co. bought 25,000 feet of rubber for $6,875. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. | ||||||||||||
What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? | ||||||||||||
If there was an unfavorable direct materials price variance of $125, how much did they pay per foot for the rubber? | ||||||||||||
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