▼PasteVJ21HomeClipboard FSXLB-insentCalibriReadyvage LayFontB11vBIU A EX ✓ fxVromukasYA A2223Direct materials price variance =Direct materials quantity variance =2425 Total direct materials cost variance =262728293031323334353637==FГDataCAlignmentProblem 1 of 2 Problem 2 of 2LargeSmall3 feet at $0.20 per foot 1.5 feet at $0.20 per foot1 at $0.051 at $0.05A1 Problem 1 of 22 Ed Co. manufactures two types of O rings, large and small. Both rings use the same material3 but require different amounts. Standard materials for both are shown.4ReviewDollar amount of varianceY56Rubber7 Connector891011121314151617 At the beginning of the month, Ed Co. bought 25,000 feet of rubber for $6,875. The company18 made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber.19MDHelpGeneral$ % 9vNumberEEConditional FormattiFormat as Table -Cell Styles20 A. Calculate the following variances and indicate whether the variance is favorable or unfavorable21 (show all calculations in Excel, record your variance answers in the grey cells and favorable/unfavorable in the blue cells)Favorable orUnfavorableF4StylesGH

The company's efficiency and effectiveness in using materials are gauged by the computation of…

Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. 1 B Rubber Connector 5 5 Large Small 3 feet at $0.20 per foot 1.5 feet at $0.20 per foot 1 at $0.05 1 at $0.05 At the beginning of the month, Ed Co. bought 25,000 feet of rubber for $6,875. The company 3 made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. 9 DA. Calculate the following variances and ndicate whether the variance is favorable or unfavorable (show all calculations in Excel, record your variance answers in the grey cells and favorable/unfavorable in the blue cells, Favorable or Unfavorable 2 3 Direct materials price variance = Direct materials quantity variance = 4 5 Total direct materials cost variance = 6 7 8 9 Dollar amount of variance

Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. 1 B Rubber Connector 5 5 Large Small 3 feet at $0.20 per foot 1.5 feet at $0.20 per foot 1 at $0.05 1 at $0.05 At the beginning of the month, Ed Co. bought 25,000 feet of rubber for $6,875. The company 3 made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. 9 DA. Calculate the following variances and ndicate whether the variance is favorable or unfavorable (show all calculations in Excel, record your variance answers in the grey cells and favorable/unfavorable in the blue cells, Favorable or Unfavorable 2 3 Direct materials price variance = Direct materials quantity variance = 4 5 Total direct materials cost variance = 6 7 8 9 Dollar amount of variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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