B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance 10 X Unfavorable
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![Large
Small
3 feet at $0.20 per foot 1.25 feet at $0.20 per foot
1 at $0.02
1 at $0.02
Rubber
Connector
At the beginning of the month, Ed Co. bought 26,000 feet of rubber for $7,150. The company made 3,000 large O rings and 4,000 small O rings. The company used
14,600 feet of rubber.
A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers.
If required round your answers to two decimal places.
✔Unfavorable
✔Unfavorable
✔Unfavorable
Direct materials price variance
Direct materials quantity variance
Total direct materials cost variance
3:42
B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to
three decimal places.
Direct materials price variance f
10 X Unfavorable
C. If there was an unfavorable direct materials price variance of $120, how much did they pay per foot for the rubber? Round your answer to two decimal places.
Actual price t](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad707d33-c7d8-4d77-9771-bce931d87008%2F4d41b618-8443-41b2-89a6-933ec7988fa0%2Frpris9_processed.jpeg&w=3840&q=75)
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- Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit. Materials $ 36.00 Labor 14.00 Variable overhead 4.00 Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00 Total $ 72.00 Simpson Company has approached Andreasen with an offer to buy 7,500 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 7,500 additional units without affecting its current production of 100,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one-time rental of packaging equipment for $20,000. Required: a. Prepare a schedule to show the impact of filling the Simpson order on Andreasen’s profits for the year. b. Do you agree with the…Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit. Materials $ 36.00 Labor 14.00 Variable overhead 4.00 Fixed overhead ($1,926,000 per year; 107,000 units per year) 18.00 Total $ 72.00 Simpson Company has approached Andreasen with an offer to buy 9,100 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 9,100 additional units without affecting its current production of 107,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2.00 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one-time rental of packaging equipment for $34,000. Required: a. Prepare a schedule to show the impact of filling the Simpson order on Andreasen's profits for the year. b. Do you agree with the decision to accept the special order? c.…Milar Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours Rate $ 5.50 per pound $ 24.00 per hour $ 11.00 per hour Direct materials 6.0 pounds Direct labor 0.8 hours Variable overhead 0.8 hours In January the company produced 3,350 units using 13,400 pounds of the direct material and 2,800 direct labor-hours. During the month, the company purchased 14,160 pounds of the direct material at & cost of $35,100. The actual direct labor cost was $66,796 and the actual variable overhead cost was $29,508. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is:
- Garret Producing 1,000 toys per month. The following data for production apply. Direct Material Cost per Unit 20.00 Direct Labor Cost 3,000 Manufacturing Overhead 16,000 Selling Expense 5,000 1. What is the total cost of producing the 1,000 toys? 2. Total prime cost in one year? 3. Total conversion cost in one year?Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit. Materials Labor Variable overhead Fixed overhead ($1,980,000 per year; 110,000 units per year) Total $36.00 14.00 4.00 18.00 $72.00 Simpson Company has approached Andreasen with an offer to buy 9,400 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 9,400 additional units without affecting its current production of 110,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2.00 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one- time rental of packaging equipment for $34,600. Required: a. Prepare a schedule to show the impact of filling the Simpson order on Andreasen's profits for the year. b. Do you agree with the decision to accept the special order? c.…The Maria Company estimated its factory overhead of the next period at P160,000. It is estimated that 40,000 units will be produced at a materials cost of P200.000. Production will require 40,000 man-hours at an estimated wage cost of P80,000. The machines will run about 25,000 hours. 1. How much is the material handling cost driver rate? a. 3,000 b. 8.00 c. 200 d. 110.21 e. 93.00 2. How much is the production set ups cost driver rate? a. 3,000 b. 93 c. 200 d. 8.00 e. 110.21 3. How much is the quality inspection cost driver rate? a. 3,000 b. 200 c. 8.00 d. 93.00 e. 20.00 4. How much is the machine depreciation cost driver rate? a. 93 b. 20 c. 8.00 d. 200 e. 3,000 5. What is the factory overhead rate of material cost is the basis? a. Php 2.00 b. Php 1.00 c. 0.80 d. 4.00 e. 6.40 6. What is the factory overhead rate of Machinery hours is the basis? a. Php 6.40 b. Php 0.80 c. 2.00 d. 1.00 e. 4.00 7. What is the factory overhead rate if Direct labour cost is the basis? a. 4.00…
- 2 Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $1.00 Direct labor 10.00 Variable manufacturing overhead 5.00 Fixed manufacturing overhead 8.00 Total $24.00 Chips Corp., has contacted Cierra with an offer to sell to Cierra 10,000 of the chips for $22.00 per chip. If Cierra accepts the proposal, $50,000 of the fixed overhead will be eliminated. Should Cierra make or buy the chips? Justify your answer with calculations.Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost Cost per per Month Machine-Hour $ 5.40 $ 42,900 $ 0.20 $ 1,700 $ 0.20 $ 14,700 $ 11,800 For example, utilities should be $1,700 per month plus $0.20 per machine-hour. The company expects to work 4,000 machine-hours in June. Note the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Budgeted machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0W A Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 40,000 units per month is as follows: Direct Materials.. $18.00 Direct Labor... Variable Manufacturing OH... Fixed Manufacturing OH. Variable S&A... Fixed S&A.. $6.80 Q. What is the minimum price A. $ $1.90 $5.10 $2.40 $11.60 The normal selling price of the product is $49.1 per unit. (16 An order has been received from an overseas customer for 1,000 units to be delivered this month at a special discounted price. This order would not change the total amount of the Company's fixed costs. The variable selling and administrative expense would be $0.10 less per unit on this order than on normal sales. Direct labor is a variable cost in this company. Suppose there is not enough idle capacity to produce all the units for the overseas customer and accepting the special order would require cutting back on production of 100 units for regular…
- board.com% Saved Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate $ 3.00 per pound $ 6.00 per hour Standard Cost Direct materials Direct labor 5.40 pounds 0.40 hours $ 16.20 $2.40 During the most recent month, the following activity was recorded: a. Ten thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,040 units, using 9,360 pouhds of material. (The rest of the material purchased remained in raw materials inventory.) c. 516 hours of direct labor time were recorded at a total labor cost of $6,192. Required: Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round…Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Direct materials Direct labor $ 42,600 Supplies Utilities Depreciation Insurance $ 1,800 $ 14,600 $ 11,400 Required: Cost per Machine-Hour $ 5.40 $0.30 $ 0.10 For example, utilities should be $1,800 per month plus $0.10 per machine-hour. The company expects to work 4,100 machine-hours in June. Note that the company's direct labor is a fixed cost. Complete the company's planning budget for manufacturing costs for June.The materials price variance for January is: Multiple Cholce $280 U $420 F $420 U $280 F