The following company information is available: Direct materials used for production 38,500 gallons Standard quantity for units produced 37,000 gallons Standard cost per gallon of direct material $6.50 Actual cost per gallon of direct material $7.10 The direct materials price variance is: a. $23,100 unfavorable. b. $32,850 unfavorable. c. $32,850 favorable. d. $9,750 unfavorable. e. $2,500 unfavorable.

The standard costs and actual costs for direct materials for the manufacture of 2,780 actual units of product are as follows: Standard Costs Direct materials Direct materials 2,780 kilograms at $8.70 Actual Costs 2,900 kilograms at $8.05 The direct materials quantity variance is Oa. $835 unfavorable Ob. $1,044 unfavorable Oc. $1,044 favorable Od. $835 favorable

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cost account

Use the data given below. Standard Actual Rate $12 $12.25 Hours 18,500 17,955 9,450 Units of production Calculate the direct labor rate variance of the above information. A. $4,488.75 Unfavorable B. $6,851.25 Favorable C. $4,488.75 Favorable D. $6,851.25 Unfavorable The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual: 62,600 lbs. at $1.75 $109,550 Standard: 61,300 lbs. at $1.8 $110,340 Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

asn

Peking Palace Company reported the following: Standard quantity per unit 3 lbs. Standard price per pound $2.75 Actual pounds used 15,000 lbs. Actual price per pound $2.90 Number of units produced 5,070 What is the total direct materials cost variance? O a. $(1,672.50) favorable O b. $1,672.50 unfavorable O c. $2,859.00 unfavorable O d. $(2,859.00) favorable

afn

The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows: Standard Costs Direct materials Direct materials Actual Costs The direct materials price variance is Oa. $166 unfavorable Ob. $368 favorable Oc. $166 favorable Od. $368 unfavorable 1,040 kilograms at $8.51 2,300 kilograms at $8.35