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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Simba Company’s standard materials cost per unit of output is $9.40 (2.00 pounds x $4.70). During July, the company purchases and uses 3,080 pounds of materials costing $16,632 in making 1,400 units of finished product.Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $enter a dollar amount rounded to 0 decimal places select an option UnfavorableNeither favorable nor unfavorableFavorable Materials price variance $enter a dollar amount rounded to 0 decimal places select an option Neither favorable nor unfavorableFavorableUnfavorable Materials quantity variance $enter a dollar amount rounded to 0 decimal places select an option…
The standard price for material 3-291 is $3.65 per liter. During November, 2,000 liters were purchased at $3.60 per liter. The quantity of material 3-291 issued during the month was 1775 liters and the quantity allowed for November production was 1,825 liters. Calculate materials price variance
Sheffield Company's standard materials cost per unit of output is $8.20 (2.00 pounds x $4.10). During July, the company purchases and uses 2,700 pounds of materials costing $14,580 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance Materials quantity variance $ %24 %24
April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 50,000 feet of raw material for $200,000, and it takes 6 feet of raw materials to produce one park bench. In August, the company produced 11,000 park benches. The standard cost for material output was $132,000, and there was an unfavorable direct materials quantity variance of $5,000. A. What is April Industries’ standard price for one unit of material? Standard cost per unit $fill in the blank 1 B. What was the total number of units of material used to produce the August output? Actual quantity feet fill in the blank 2 Units C. What was the direct materials price variance for August? Direct materials price variance $ fill in the blank 3
Simba Company's standard materials cost per unit of output is $9.00 (2.00 pounds x $4.50). During July, the company purchases and uses 3,080 pounds of materials costing $16,632 in making 1,400 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance $ Materials quantity variance $ %24 %24
Boracay Company manufactures desks with vinyl tops. The standard material cost for the vinyl used for Model S desk is P27.00 based on 12 square feet of vinyl at a cost Ph2.25 per square foot. A production of run of 1,000 desks in March resulted in usage of 12,600 square feet of vinyl at a cost of Ph2.00 per square foot, a total cost of Ph 25,200. The usage variance resulting from the above production run was ? Ph 1,200 unfavorable Ph 1,350 unfavorable Ph 1,800 favorable Ph 3,150 favorable
The standard cost of product B manufactured by Waterway Company includes 3 units of direct materials at $5.55 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $5.22 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $5.72 and the quantity purchased and used is 28,000 units. Materials variance Materials price variance Materials quantity variance
The standard cost for the David Company's product is 5 pounds of materials for each unit of product at a cost of $25 per pound. During December, 301,600 pounds of materials were purchased and used to produce 58,000 units of product. The materials cost the company $24 per pound. Compute the Materials Price Variance and Materials Quantity Variance
Company A produced 2,200 units of output during a production process that normally requires 2 hours of labor per unit of output. The standard labor rate is $16 per hour, but the company paid $15 per hour. Actual hours needed to complete the production process were 4,600. How much was the labor rate variance? A. $4,400 favorable. B. $4,400 unfavorable. C. $4,600 favorable. D. $4,600 unfavorable.
just C.
Chhom Corporation makes a product whose direct labor standards are 0.8 hours per unit and $31 per hour. In November the company produced 7,500 units using 5,500 direct labor-hours. The actual direct labor cost was $115,500. The labor efficiency variance for November is:
A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $30 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance?

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