The following direct materials data pertain to the operations of Cheyenne Co. for the month of December.Standard materials priceActual quantity of materials purchased and usedThe standard cost card shows that a finished product contains 4 pounds of materials. The 16,550 pounds were purchased in Decemberat a discount of 4% from the standard price. In December, 4,050 units of finished product were manufactured.Calculate the materials variances. Identify whether each variance is favorable or unfavorable.Materials Price VarianceMaterials Quantity VarianceTotal Materials VarianceSave for LaterO185D$$$5.00 per pound16,550 poundsSVVAttempts: 0 of 1 usedSubmit Answer Sunland Inc. manufactures snowsuits. Sunland is considering purchasing a new sewing machine at a cost of $2.45 million. Its existingmachine was purchased 5 years ago at a price of $1.8 million; six months ago, Sunland spent $55,000 to keep it operational. Theexisting sewing machine can be sold today for $244,395. The new sewing machine would require a one-time, $85,000 training cost.Operating costs would decrease by the following amounts for years 1 to 7:Year 1234567$389,500400,400410,500425,400O433,000435,400436,600The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage valueexpected to be $379,200. This new equipment would require maintenance costs of $98,000 at the end of the fifth year. The cost ofcapital is 9%.Click here to view PV table.Use the net present value method to determine the following: (If net present value is negative then enter with negative signi preceding thenumber eg.-45 or parentheses e.g. (45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimalplaces as displayed in the factor table provided.)Calculate the net present value.Net present value!!!(S"US

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The following direct materials data pertain to the operations of Cheyenne Co. for the month of December. Standard materials price Actual quantity of materials purchased and used The standard cost card shows that a finished product contains 4 pounds of materials. The 16,550 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,050 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. Materials Price Variance $5.00 per pound 16,550 pounds S

The following direct materials data pertain to the operations of Cheyenne Co. for the month of December. Standard materials price Actual quantity of materials purchased and used The standard cost card shows that a finished product contains 4 pounds of materials. The 16,550 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,050 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. Materials Price Variance $5.00 per pound 16,550 pounds S

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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The following direct materials data pertain to the operations of Pina Colada Co. for the month of December. Standard materials price Actual quantity of materials purchased and used The standard cost card shows that a finished product contains 4 pounds of materials. The 16,890 pounds were purchased in December at a discount of 4% from the standard price. In December, 4, 100 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. Materials Price Variance Materials Quantity Variance Total Materials Variance Save for Later $ $5.00 per pound 16,890 pounds $ $ Favorable Unfavorable Not Applicable Attempts: 0 of 1 used Submit Answer
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