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

See similar textbooks

Similar questions

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
Wham Berhad operates a standard costing system and analysis of variances is made every month. The standard cost card is as follows for a unit of product: RM Direct materials 0.5kg at RM 4/kg 2.00 Direct labour 2 hours at RM 2/hour 4.00 Variable overheads 2 hours at RM 0.30/hour 0.60 Fixed overhead 2 hours at RM 3.70/hour 7.40 Standard cost 14.00 Standard profit 6.00 Standard selling price 20.00 Budgeted output for the month of January 2021 was 5,100 units. Actual results were as follows: Production of 4,850 units were sold for RM95,600 Materials consumed in production amounted to 2,300 kgs at a total cost of RM9,800 Labour hours paid amounted to 8,500 hours at a cost of RM16,800 Actual hours worked amounted to…
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
Edgar, Inc. has a materials price standard of $1.54 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 8,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Calculate the materials quantity variance.
6 During the month of April 20X1 Winston Ltd. produced 6,700 dodgits. The cost of the materials in these dodgits was $48,240. Each dodgit used 4 kg of the material and it cost $1.80 per kg during the month. The standards for the production of dodgits for April were 4.2 kg of material per dodgit at a price of $1.60 per kg. The anticipated production for the month had been 6,500 dodgits. Using the reconciliation type of variance report, reconcile the standard cost and actual cost of the materials for dodgits for this period.
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

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS