Question 8.2                                                                                                                          The following materials standards have been established for product Wand:  Standard quantity per unit of output 10.0 kilograms Standard price $16.20 per kilograms   The following data pertains to operations concerning product Wand for the last month:  Actual materials purchased 7,300 kilograms Actual cost of materials purchased $120,000 Actual materials used in production 7,122 kilograms Actual output 740 units Required: What is the materials price variance for the month? What is the materials quantity variance for the month?

Q: Standard quantity per unit of output 5.3 meters Standard price $ 19.20 per meter The following data…

A: The question is based on the concept of Cost Accounting.

Q: Materials and Labor Variances   The following actual and standard cost data for direct materials and…

A: Lets understand the basics. Material price variance is a variance between the rate at which material…

Q: 0:29:44 The following materials standards have been established for a particular product: Standard…

A: DIRECT MATERIALS COST VARIANCEDirect materials cost variance is the difference between the actual…

Q: provide correct answer

A: so Option C  ($28,975  favorable) is the correct answer     THANK YOU

Q: What is the materials quantity variance for the month? $9,940 U $15,351 U $14,484 U

A: Introduction:- The following formula used to calculate Material quantity variance as follows under:-…

Q: Need answer

A: If you have any questions let me know in comment box thankyou for your question.

Q: Standard quantity per unit of output standard price 4.7 pounds $13.50 per pound The following data…

A: Standard Quantity for actual output = 4.7 pounds x 730 units = 3,431 pounds

Q: Myers Corporation has the following data related to direct materials costs for November: actual cost…

A: Direct materials price variance = (Actual price - Standard price)*Actual quantity

Q: Use the information provided to answer the questions. Actual price paid per pound of material $14.00…

A: The variance is the difference between the actual data and standard output of the production.

Q: Use the following information to answer questions 15 and 16. A company has the following information…

A:

Q: Need answer of the question

A: If you have any help please let me know in comment box and then I will help you.

Q: 01. The following materials standards have been established for the product Wand: 10.0 kilograms…

A: Answer:- Material variance:- Management uses material variance analysis to determine how actual…

Q: Need help with this Question pls give fast

A: Step 1: Introduction to Variance Analysis:In cost accounting, variance analysis is used primarily…

Q: 17. The following materials standards have been established for a particular producti Standard…

A: Variances is the amount of difference between the actual values and the values estimated by the…

Q: Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a…

A: The variance is the difference between standard and actual production costs. The materials variance…

Q: want answer of this quetion

A: The direct materials price variance is unfavorable for last month. This means the company paid more…

Q: Steinberg Company had the following direct materials costs for the manufacturing of product T in…

A: Variance is the difference between the estimated or budgeted costs and the actual costs. These are…

Q: ghhh

A: a) Total Materials Variance: Price Variance + Quantity Variance = $4,005 - $1,488 = $2,517…

Q: Use the information provided to answer the questions. Actual Price Paid Per Pound of Material:…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Variance Analysis Problem Avatar, Inc. has prepared the following standard cost sheet for one unit…

A: Variances signifies the variation between the budgeted or estimated costs and the actual costs.

Q: The following materials standards have been established for a particular product:     Standard…

A:

Q: The following data relate to direct materials costs for February: Materials cost per yard:…

A: Material Price Variance measures variance arises in the material cost due to difference in actual…

Q: The following materials standards have been established for a particular product: Standard quantity…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: The standards for product V28 call for 8.0 pounds of a raw material that costs $18.80 per pound.…

A: DIRECT MATERIALS COST VARIANCEDirect materials cost variance is the difference between the actual…

Q: The following materials standards have been established for a particular product Standard quantity…

A: Material price variance :Difference between the actual costs and standard costs for the actual…

Q: Standard and the actual costs for direct materials and direct labor are given as under: Standard…

A: Standard and the actual costs for direct materials and direct labor are given as under:…

Q: The following materials standards have been established for a particular product: Standard quantity…

A: Solution: material quantity variance = (standard quantity - actual quantity used) * standard price…

Q: Williams Manufacturing Company has established the following materials standards for a particular…

A: Material quantity variance refers to the variance in the cost of material due to the difference in…

Q: Calculate the direct materials price variance.

A: Direct material variances:   The difference between the actual material cost per unit and the…

Q: he standard cost of product 999 includes 2 units of direct materials at $5.90 per unit. During…

A: Variance analysis is quantitative method of evaluating Comparsion between actual and standard cost.…