57:59 Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour. July's direct material efficiency variance is? Select one: O a. $4,800 unfavourable. O b. $4,800 favourable. O c. $2,200 favourable. O d. $5,000 unfavourable. O e. $5,000 favourable.
57:59 Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour. July's direct material efficiency variance is? Select one: O a. $4,800 unfavourable. O b. $4,800 favourable. O c. $2,200 favourable. O d. $5,000 unfavourable. O e. $5,000 favourable.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...
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Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the security? Use WAC as the mortgage rate and WAM as the number of periods for your calculations. Round your final answer to two decimals.
• 30 year FRM, fully amortizing, monthly payments
• Loans seasoned for 3 months before entering pool
• WAM: 357
• WAC: 4%
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• Prepayment assumption: 75% PSA
![Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the
following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials
Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During
July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost
per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour.
July's direct material efficiency variance is?
Select one:
O a. $4,800 unfavourable.
O b. $4,800 favourable.
O c. $2,200 favourable.
O d. $5,000 unfavourable.
O e. $5,000 favourable.
10
19 20
1
2
Finish attemp](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a9be875-1d1f-457f-aad4-033462fcb910%2F313e8a80-2404-4931-abe3-502962e471b5%2F3uoxhu6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the
following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials
Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During
July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost
per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour.
July's direct material efficiency variance is?
Select one:
O a. $4,800 unfavourable.
O b. $4,800 favourable.
O c. $2,200 favourable.
O d. $5,000 unfavourable.
O e. $5,000 favourable.
10
19 20
1
2
Finish attemp
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