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Please help with these 4 parts to the question! 13. Blue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard
Please help with these 4 parts to the question!
13. Blue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pounds of polywood per chair $3.50 per pound Direct labor 0.65 hours per chair $13.00 per hour The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,000 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. How much is the direct materials quantity variance? A. $700 favorable B. $2,240 favorable C. $350 favorable D. $1,050 favorable 14. Blue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pounds of polywood per chair $3.50 per pound Direct labor 0.65 hours per chair $13.00 per hour The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,000 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. How much is the direct materials price variance? A. $700 favorable B. $2,240 favorable C. $350 favorable D. $1,050 favorable 15. Blue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pounds of polywood per chair $3.50 per pound Direct labor 0.65 hours per chair $13.00 per hour The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,000 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. It also used 3,840 labor hours at a cost of $12.70 per hour. How much is the direct labor efficiency variance? A. $1,932 unfavorable B. $1,152 favorable C. $780 favorable D. $2,470 favorable 16. Blue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pounds of polywood per chair $3.50 per pound Direct labor 0.65 hours per chair $13.00 per hour The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,000 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. It also used 3,840 labor hours at a cost of $12.70 per hour. How much is the direct labor rate variance? A. $1,932 unfavorable B. $1,152 favorable C. $780 favorable D. $2,470 favorableStep by Step Solution
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