Question
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (units)
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (units)
Sitka Industries cost standards
Standard Quantity | Standard Price | |
---|---|---|
Direct materials | 1 pounds | $4.53 per pound |
Direct labor | 1.02 hours | $12.26 per hour |
Sitka Industries made 2,719 ladders in July and used 8,466 pounds of material to make these units. Smith Industries bought 17,274 pounds of material in the current period. There was a $240 unfavorable direct materials price variance.
How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places.
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Standard Quantity | Standard Price | |
---|---|---|
Direct materials | 3 pounds | $4.04 per pound |
Direct labor | 2.81 hours | $11.24 per hour |
Sitka Industries made 2,630 ladders in July and used 9,201 pounds of material to make these units. Smith Industries bought 16,810 pounds of material in the current period. There was a $286 unfavorable direct materials price variance.
What is the direct materials quantity variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a - dash not parentheses.
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Standard Quantity | Standard Price | |
---|---|---|
Direct materials | 2 pounds | $5.69 per pound |
Direct labor | 3.85 hours | $14.02 per hour |
Sitka Industries made 2,612 ladders in July and used 8,287 pounds of material to make these units. Smith Industries bought 15,781 pounds of material in the current period. There was a $209 unfavorable direct materials price variance.
What is the total direct materials cost variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a - dash not parentheses.
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