COST ACCOUNTINGPLS SHOW SOLUTION 9. XYZ Company uses a standard cost system. Information for raw materials for Product A forthe month of October is as follows:P 1.60P 1.55Standard Unit PriceActual purchase price per unitActual quantity purchasedActual quantity usedStandard quantity allowed for actual production2,000 units1,900 units1,800 unitsREQUIRED: What is the materials purchase price variance?c. P100 favorabled. P100 unfavorablea. P 90 favorableb. P 90 unfavorable

Solution: Materials purchase price variance = (SP - AP) * Actual quantity purchased

.XYZ Company uses a standard cost system. Information for raw materials for Product ne month of October is as follows: P 1.60 P 1.55 2,000 units 1,900 units 1,800 units tandard Unit Price ctual purchase price per unit ctual quantity purchased actual quantity used tandard quantity allowed for actual production

.XYZ Company uses a standard cost system. Information for raw materials for Product ne month of October is as follows: P 1.60 P 1.55 2,000 units 1,900 units 1,800 units tandard Unit Price ctual purchase price per unit ctual quantity purchased actual quantity used tandard quantity allowed for actual production

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 6E: Standard direct materials cost per unit from variance data The following data relating to direct...

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Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October is as follows: P1.60 Standard unit price P1.55 2,000 units Actual purchase price per unit Actual quantity purchased Actual quantity used 1,900 units 1,800 units Standard quantity allowed for actual production What is the materials purchase price variance?
19. Oreeo Company uses a standard cost system. Information for raw materials for product G for the month of November is as follows: Standard unit price, P1.60 Actual purchase price per unit, P1.55 Actual quantity purchased, 2,000 units Standard quantity allowed for actual production, 1,800 units What is the materials purchase price variance? Group of answer choices P90 favorable P90 unfavorable P100 unfavorable P100 favorable
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Subject: Cost Accounting
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01. The following materials standards have been established for the product Wand: JM- Standard quantity per unit of output 10.0 kilograms the Standard price $16.20 per kilogram The following data pertains to operations S Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output ■ Required: What is the materials price variance for the month? 2. What is the materials quantity variance for the month? === .. B M ======= D M BEBE === g 295. = 3 = 7,300 kilograms $120,000 7,122 kilograms 740 units ■ concerning the product Wand for the last month; HUFINAİJA ■ ■ 20-121=0 EXCE HE SIC D 10= ■ Fe
Subject: acounting
Oreeo Company uses a standard cost system. Information for raw materials for product G for the month of November is as follows: Standard unit price, P1.60 Actual purchase price per unit, P1.55 Actual quantity purchased, 2,000 units Standard quantity allowed for actual production, 1,800 units What is the materials purchase price variance? P100 favorable P100 unfavorable P90 favorable P90 unfavorable
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