Question
Standard Actual Material Cost Per Yard $2.00 $2.10 Standard Yards per Unit 4.5 yards 4.75 yards Units of Production 9,500 5. Calculate the Total Direct
|
| Standard | Actual |
| Material Cost Per Yard | $2.00 | $2.10 |
| Standard Yards per Unit | 4.5 yards | 4.75 yards |
| Units of Production |
| 9,500 |
5. Calculate the Total Direct Materials cost variance using the above information:
| a. | $9,262.50 Unfavorable |
| b. | $9,262.50 Favorable |
| c. | $3,780.00 Unfavorable |
| d. | $3,562.50 Favorable |
6. Calculate the Direct Materials Price variance using the above information:
| a. | $1,795.50 Favorable |
| b. | $378.00 Favorable |
| c. | $4,512.50 Unfavorable |
| d. | $378.00 Unfavorable |
7. Calculate the Direct Materials Quantity variance using the above information:
| a. | $4,512.50 Unfavorable |
| b. | $4,512.50 Favorable |
| c. | $4,750 Unfavorable |
| d. | $4,750 Favorable |
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Custom Edition For University Of Central Florida From Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz
3rd Edition
1269451839, 978-1269451833
