Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Standard Quantity x Standard Price = Standard Cost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 2,900 ladders in July and used 8,600 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current period. There was a $250 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,400 pounds? Amount paid $fill in the blank 1 B. What is the direct materials quantity variance? Direct materials quantity variance $fill in the blank 2 Favorable C. What is the total direct materials cost variance? Total direct materials cost variance $fill in the blank 4 Favorable D. What if 9,300 pounds were used to make these ladders, what would be the direct materials quantity variance? Direct materials quantity variance $fill in the blank 6 Unfavorable E. If there was a $340 favorable direct materials price variance, how much did Sitka pay for the 15,400 pounds of material? Amount paid $fill in the blank 8
Sitka Industries uses a cost system that carries direct materials inventory at a
Standard Quantity |
x | Standard Price |
= | Standard Cost |
|
Direct materials | 3 pounds | $4.50 per pound | $13.50 | ||
Direct labor | 2.00 hours | 12.00 per hour | 24.00 | ||
Total cost | $37.50 |
Sitka Industries made 2,900 ladders in July and used 8,600 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current period. There was a $250 unfavorable direct materials price variance.
Enter all amounts as positive numbers.
A. How much in total did Sitka pay for the 15,400 pounds?
Amount paid $fill in the blank 1
B. What is the direct materials quantity variance?
Direct materials quantity variance $fill in the blank 2 Favorable
C. What is the total direct materials cost variance?
Total direct materials cost variance $fill in the blank 4 Favorable
D. What if 9,300 pounds were used to make these ladders, what would be the direct materials quantity variance?
Direct materials quantity variance $fill in the blank 6 Unfavorable
E. If there was a $340 favorable direct materials price variance, how much did Sitka pay for the 15,400 pounds of material?
Amount paid $fill in the blank 8
![Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Standard
Standard
Standard
Quantity
X
Price
Cost
Direct materials
3 pounds
$4.50 per pound
$13.50
Direct labor
2.00 hours
12.00 per hour
24.00
Total cost
$37.50
Sitka Industries made 2,900 ladders in July and used 8,600 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current
period. There was a $250 unfavorable direct materials price variance.
Enter all amounts as positive numbers.
A. How much in total did Sitka pay for the 15,400 pounds?
Amount paid $
B. What is the direct materials quantity variance?
Direct materials quantity variance $
Favorable
C. What is the total direct materials cost variance?
Total direct materials cost variance $
Favorable
D. What if 9,300 pounds were used to make these ladders, what would be the direct materials quantity variance?
Direct materials quantity variance $
Unfavorable v
E. If there was a $340 favorable direct materials price variance, how much did Sitka pay for the 15,400 pounds of material?
Amount paid $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c86f1de-f0dd-4bb4-9be2-6a9624ac7834%2Fb51b98bc-7622-4a30-907a-d8011e774975%2Fdcnw2u_processed.png&w=3840&q=75)
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