Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following materials standards have been established for a particular product: Standard quantity por unit of output.... Standard price... 8.3 games $19.15 per gram The

image text in transcribed
image text in transcribed
The following materials standards have been established for a particular product: Standard quantity por unit of output.... Standard price... 8.3 games $19.15 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased..... Actual materials used in production 7,500 grams $141,378 7 100 grams 200 units What is the materials price variance for the month? 24 A $2,250 F B. $7,540 U C. $24,317 U D. $7,660 U The following materials standards have been established for a particular product Standard quantity per unit of output. 1.7 meters Standard price.... $19.80 per meter 25 The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual.cost of materiale purchased....... Actual materials used in production....... Actual output.... -6,800 noters $443,650 5, 100 meters 3,200 units What is the materials quantity variance for the month? A. $13,720 U B. $6,732 C. $13,860 U D. $6,664 F The following labor standards have been established for a particular product 7 of 7 The following labor standards have been established for a particular product Standard labot-hours-per-unit ct output 12 hours Standard labor rate....... $14.05 per hour The following data pertain to operations concerning the product for the last month: Actual bours worked 3,700 hours Actual total labor cost.. $50,690 Actual output... 2.300 units What is the labor rato variance for the month? 26 A $1,295 F B. $2,877 F C. $4,246 F D. $4,246 U The following labor standards have been established for a particular product: Standard labor-hours per unit of output... 8.3 hours Standard labor rate... $12.10 per hour 27 The following data pertain to operations concerning the product for the last month Actual hours worked 6.100 hours AttitetaHaber-cool $74,870 Actual output. 900 units What is the labor efficiency variance for the month? A. $19,017 F B. $19,017 U C. $16,029 F D. $16,577 F

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

The Politics Of Financial Risk Audit And Regulation

Authors: Atul Shah

1st Edition

1138042358, 978-1138042353

More Books

Students also viewed these Accounting questions