5. During August, 10,000 units were produced. The standard quantity of material allowed per unitwas 10 pounds at a standard cost of $3 per pound. If there was an unfavorable usage varianceof $18,750 for August, the actual quantity of materials used must be *O 23,438 pounds.O 93,750 pounds.O 31,875 pounds.O 106,250 pounds.6. ColorPro uses part 87A in the production of color printers. Unit manufacturing costs for part 87Aare:Direct materials $8Direct laborVariable overheadFixed overhead 4ColorPro uses 100,000 units of 87A per year. Filbert Company has offered to sell ColorPro100,000 units of 87A per year for $12. Fixed overhead is unavoidable.Should ColorPro make or buy the part? *2Make the part because it will save $100,000 over buying it.O Make the part because it will save $1,100,000 over buying it.Buy the part because it will save $300,000 over making it.Buy the part because it will save $100,000 over making it.Buy the part because it will save 1,100,000 over making it.OOO O

As per the guidelines, we have to answer only first question or the question specified to be…

Answered: 5. During August, 10,000 units were…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $21 per hour. In November the company produced 7,000 units using 5,800 direct labor-hours. The actual direct labor cost was $121,800. The labor efficiency variance for November is: $11,500. F $10,500. F $10,500. U $11,500. U
Vibrant Paints Co manufactures and sells paints. Business Unit A of the company makes a paint called Micra. Micra is made using three key materials: R, S and T. At the end of period 1, a total material cost variance of $4,900 adverse was correctly recorded for Micra. The following information relates to Micra for period 1: Material R S T Standard cost per litre ($) 63 O $800 adverse 50 45 Actual cost per litre ($) 62 51 48 Actual usage (litres) 1,900 2,800 1,300 The standard ratio of mixing material R, material S and material Tis 30:50:20. The material price variance for Micra has been correctly calculated as $4,800 adverse. What is the total material yield variance for Micra for period 17 O $900 adverse O $800 favourable O $700 favourable
Titan Company has a materials price standard of $4.00 per pound. Twelve thousand pounds of materials were purchased at $4.40 a pound. The actual quantity of materials used was 12,000 pounds, although the standard quantity allowed for the output was 10,800 pounds. Titan's total materials variance is: A. $10,080 F B. $9,600 F C. $9,600 U D. $10,080 U Titan's materials price variance is A. $480 U B. $4,800 U C. $4,320 U D. $4,800 F
Coronado Industries has a materials price standard of $2 per pound. 5000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5000 pounds although the standard quantity allowed for the output was 4300 pounds. Coronado Industries's materials price variance is O $1000 U. O $1000 F. O $140 U. O $860 U. Save for Later O 6: ( 199 C Attempts: 0 of 1 used Submit Answer 55°F
1. The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quantity standard allows two pounds of the raw material per unit produced. What was the materials quantity variance? a. $5,000 unfavorable b. $5,000 favorable c. $2,000 favorable d. $2,000 unfavorable 2. Referring to the facts in question 1 above, what was the material price variance? a. $5,250 favorable b. $5,250 unfavorable c. $5,000 unfavorable d. $5,000 favorable
please answer complete and correct with full working like explanation , formula , computation and steps need correct answer with all work thanks
A manufactured product has the following information for June. Standard Actual Direct materials 7 lbs. @ $9 per lb. 55,000 lbs. @ $9.10 per lb. Direct labor 2 hrs. @ $15 per hr. 15,200 hrs. @ $15.50 per hr. Overhead 2 hrs. @ $12 per hr. $ 192,300 Units manufactured 7,800 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers
H
Edgar, Inc. has a materials price standard of $1.75 per pound. eight thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Calculate the materials price variance
eonesio Corporation makes a product that uses a material with the following standards: Standard quantity 8.2 kilos per unit Standard price $4.00 per kilo Standard cost $32.80 per unit The company budgeted for production of 3,100 units in August, but actual production was 3,200 units. The company used 27,600 kilos of direct material to produce this output. The company purchased 29,000 kilos of the direct material at a total cost of $118,900. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for August is: Multiple Choice $2,900 U $2,624 U $2,900 F $2,624 F
In its first month of operations, Multiplex Corporation purchased 40,000 pounds of material for $3.40 per pound. The company used 38,000 pounds of the material to produce 18,000 units of its only product. Multiplex uses a standard cost system and its standard quantity and price per unit are 2 pounds at $3.50 per pound. What was the material efficiency variance for the month? Multiple Choice $5,000 unfavorable None of these. $7,000 favorable $7,000 unfavorable $5,000 favorable
During December, 6,000 pounds of raw materials were purchased at a cost of $16 per pound. If there was an unfavourable materials price variance of $6,000 for December, the standard cost per pound must be a. $17 b. $16 c. $15 d. none of the above

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