Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need all answers 5. The following data relate to direct materials costs for August Actual costs Standard costs 7.600 pounds at $4.50 7,500 pounds at

image text in transcribed

image text in transcribed

need all answers

5. The following data relate to direct materials costs for August Actual costs Standard costs 7.600 pounds at $4.50 7,500 pounds at $5.00 What is the direct materials quantity variance? a. b. $450 favorable. $500 favorable. $450 unfavorable. $500 unfavorable. d. 6. The following data relate to direct materials costs for November: Actual costs Standard costs 5,600 pounds at $5.50 5,500 pounds at $6.00 What is the direct materials price variance? a. $2,750 favorable. b. $2,800 favorable. c. $2,750 unfavorable. d. $2,800 unfavorable. 7. The following data relate to direct labor costs for February: Actual costs Standard costs 8,700 hours at $9.00 8,000 hours at $13.00 What is the direct labor rate variance? a. $32,000 favorable. b. $34,800 favorable. c. $32,000 unfavorable. d. $34,800 unfavorable. lote to direct labor costs for the current $450 unfavoral $500 unfavorable ata relate to direct materials costs for November Actual costs Standard costs 5,600 pounds at S5.50 5,500 pounds at $6.00 What is the direect materials price variance? $2,750 favorable $2,800 favorable $2.750 unfavorable $2,800 unfavorable b. 7. The following data relate to direct labor costs for February 8,700 hours at $9.00 8,000 hours at $13.00 Actual costs Standard costs What is the direct labor rate variance? $32,000 favorable. $34,800 favorable. $32,000 unfavorable. $34,800 unfavorable. b. d. 8. The following data relate to direct labor costs for the current period: 8,000 hours at $5.50 7,750 hours at $5.75 Actual costs Standard costs What is the direct labor time variance? a. b. $1,375 favorable. $1,438 favorable. $1,375 unfavorable. $1,438 unfavorable. c. d

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fia Foundations Of Financial Accounting Ffa Interactive Text

Authors: BPP Learning Media

1st Edition

1509724176, 978-1509724178

More Books

Students also viewed these Accounting questions

Question

2. Develop a good and lasting relationship

Answered: 1 week ago

Question

=+ a. How does this change affect the incentives for working?

Answered: 1 week ago