MATERIALS YIELD VARIANCE
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Q: COMPUTE FOR THE MATERIALS MIX VARIANCE COMPUTE FOR THE MATERIALS YIELD VARIANCE
A: Formulae's: Material Mix variance = (Revised standard quantity - Actual quantity)*Standard price…
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A: Material cost variance in business means that when there is a difference between standard cost and…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Direct material variance is the difference between standard direct material cost for actual…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the question…
Q: The production plan for Fitter Snacker calls for 10 000 cases of the bar product group in June. If…
A: Introduction;- Number of cases of snack calls to be produced= 10,000 cases Production proportion of…
Q: Shadee Corporation expects to sell 520 sun shades in May and 360 in June. Each shade sells for $149.…
A: A budgeted income statement, often referred to as a pro forma income statement or a projected income…
Q: OMPUTE FOR THE MATERIALS YIELD VARIANCE
A: A. Material Mix Variance is showing the difference in raw material cost dues to changes in the…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Variance analysis is a management accounting technique that compares actual costs and revenues to…
Q: Ceder Company has compiled the following data for the upcoming year: • Sales are expected to be…
A: Cost of goods sold is the sum of all the direct costs incurred by the company in the process of…
Q: What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?…
A: 1. Standard Quantity of Kilograms Allowed = Standard Qty required for each helmet x Number of Actual…
Q: Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: The variance is the difference between the standard and actual cost production data. The variance…
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A: The variance is the difference between the actual and standard production costs data. The materials…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Variance…
Q: ecker Bikes manufactures tricycles. The company expects to sell 480 units in May and 610 units in…
A: The purchase budget is prepared to estimate cost of raw materials to be purchased during the period.…
Q: During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. At the…
A: Standard costing is one of the technique used in cost accounting. Under variance analysis, all…
Q: Calculate the materials variance, and the price and quantity variances, assuming the purchase price…
A: Material variances are popularly known as material cost variance .These are of three types.They are…
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A: DIRECT MATERIALS COST VARIANCEDirect materials cost variance is the difference between the actual…
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A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate…
Q: Materials Mix Variance 2. Materials Yield Variance
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Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Variance arises when the actual costs is different from the standard costs. The results are…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: I am answering the last three parts because the first two parts are already answered. Variances are…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Standard Quantity Allowed :— It is calculated by multiplying standard quantity of material per unit…
Q: Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega…
A: The cost per unit is calculated as total cost divided by number of units.
Q: marina bottlers in, a leading softdrinks company is producing their bottle requirements. for…
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Q: Becker Bikes manufactures tricycles. The company expects to sell 550 units in May and 680 units in…
A: MayJuneBudgeted cost of wheels purchased$41,250 $51,150 Explanation: Step 1: Construct the…
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A: Direct Labour Budget :— This budget is prepared to estimate the number of direct labour hours and…
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A: Particulars March Units to be produced 4000 (X) Direct materials per unit 0.5 Total pounds…
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A: All amounts are in dollar($). Since we only answer up to 3 sub-parts, we’ll answer the first 3.…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Standard price and material quantity represent the company's expectation about the quantity of…
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A: Detailed explanation:Income statement using absorption costing method :Sales Revenue11000 units x $…
Q: was $1.25 and the company used E als price variance for Pharoah for $180 favorable
A: Answer : Material price variance = (Standard price -Actual price) * Actual units
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Material price variance :Difference between the actual costs and standard costs for the actual…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: The variance is the difference between the actual and standard costs of production. The materials…
Q: budgeted cost of closures purchased
A: Particulars May June Expected sale units of sun visors 590 430 Add Number of units in ending…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Direct material variance is the difference between standard direct material cost for actual…
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- Sheffield Enterprises purchased 54,000 gallons of direct materials during the year at a price of $2.00 per gallon. Sheffield's direct materials price variance was $4,320 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.) Standard price $ eTextbook and Media /galChadwick Shoe Co. produces and sells an e xcellent-quality walking shoe. After production, the shoes are distributed to 20 warehouses around the country. Each warehouse services approximately 100 stores in its region. Chadwick uses an EOQ model to determine the number of pairs of shoes to order for each warehouse from the factory. Annual demand for Warehouse OR2 is approximately 120,000 pairs of shoes. The ordering cost is $250 per order. The annual carrying cost of a pair of shoes is $2.40 per pair. Q. Assume each month consists of approximately 4 weeks. If it takes 1 week to receive an order, at what point should warehouse OR2 reorder shoes?Big Sur Water Sports, Inc., manufactures fiberglass boards used for riding the waves at the beach. The products are sold under the brand name Crazy Board. The standard cost for material and labor is $89.20 per board. This includes 8 kilograms of direct material at a standard cost of $5.00 per kilogram and 6 hours of direct labor at $8.20 per hour. The following data pertain to November: Purchases of material: 46,500 kilograms for $248,000 Total actual direct labor costs: $301,490 Actual hours of direct labor: 36,500 hours Production: 5,600 units 1. Calculate the total direct materials variance 2. Calculate the total direct labor variance Check Figures: Total Direct Materials Variance $23,845 Unfavorable Total Direct Labor Variance $25,970 Unfavorable
- Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 4,000 helmets, using 2,200 kilograms of plastic. The plastic cost the company $14,520. According to the standard cost card, each helmet should require 0.50 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 4,000 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 4,000 helmets? 3. What is the material's spending variance?Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 16,000 units at $52 each. Each unit requires 4 pounds of direct materials at $2.40 per pound. Each unit requires 2.1 hours of direct labor at $13 per hour. Manufacturing overhead is $4.90 per unit. Beginning direct materials inventory is $5,400. Ending direct materials inventory is $6,950. Selling and administrative costs totaled $138,720. Determine Ceder's budgeted cost of goods sold. Complete Ceder's budgeted income statement.Marina Bottlers Inc., a leading softdrinks company is producing their bottle requirements. For each case of 24 eight-ounce bottles, the company prescribed the following standard product mix: Material A @ 2.4 lbs., P50/lb Material B @ 6 lbs., P22/lb Material C @ 1.6 lbs., P15/lb During the month of August, 25,000 cases were produced from an input of: Material Pounds Cost/lb A 63,700 P49.00 B 125,200 20.50 C 48,100 16.00 Required: 1. Materials Mix Variance 2. Materials Yield Variance
- Becker Bikes manufactures tricycles. The company expects to sell 360 units in May and 490 units in June. Beginning and ending finished goods for May are expected to be 100 and 65 units, respectively. June's ending finished goods are expected to be 75 units. Each unit requires 3 wheels at a cost of $6 per wheel. Becker requires 20 percent of next month's material production needs on hand each month. July's production units are expected to be 460 units. Compute Becker's direct materials purchases budget with respect to wheels for May and June. Budgeted cost of wheels purchased May JuneMiami Solar...Bandar Industries manufactures sporting equipment. One of the company’s products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,900 helmets, using 2,262 kilograms of plastic. The plastic cost the company $17,191. According to the standard cost card, each helmet should require 0.51 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,900 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, 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 intermediate calculations.)
- Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $4,000 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. At the end of February the company had 5,280 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget Units to produce March 3,300 April 4,600 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead Budgeted fixed…Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,400 helmets, using 2,584 kilograms of plastic. The plastic cost the company $17,054. According to the standard cost card, each helmet should require 0.69 kilogram of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SQx SP) to make 3,400 helmets? 3. What is the materials spending variance? 4. What are the materials price variance and the materials quantity variance? Note: For requirements 3 and 4, 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 intermediate calculations. 1. Standard quantity of kilograms…MARINA Bottlers Inc, a leading softdrinks company is producing their bottle requirements. For each case of 24 eight-ounce bottles, the company prescribed the following standard product mix: Material A @ 2.4 lb, P50/Ibs; Material B @ 6 lb, P22/lbs and Material C @ 1.6 Ibs, P15/lb. During the month of August, 25,000 cases were produced from an input of: Material Pounds Cost/Lb A 63,700 49.00 B 125,200 20.50 C 48,100 16.00 REQUIREMENTS: PLEASE SHOW YOUR SOLUTION IN GOOD ACCOUNTING FORM THANK YOU! 1) Compute for the Materials Mix Variance2) Compute for the Materials Yield Variance
