The following materials standards have been established for a particular product Standard quantity per unit of output 4.5 meters $18.50 per meter The following data pertain to operations concerning the product last month Actual materials purchased Actual cost of materials porchases Actual materials used in production Actual outp 7.300 5151.320 7.300 meters 1560 What is the materials price variance for the month $7,020 U $5,432 U $13,260 U $8,300 U

The following materials standards have been established for a particular product Standard quantity per unit of output 4.5 meters $18.50 per meter The following data pertain to operations concerning the product last month Actual materials purchased Actual cost of materials porchases Actual materials used in production Actual outp 7.300 5151.320 7.300 meters 1560 What is the materials price variance for the month $7,020 U $5,432 U $13,260 U $8,300 U

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Description: Subject: acounting The following materials standards have been established for a particular productStandard quantity periit of outputStandard price4.5 meters$18.50 per meterThe following dats pertain to operations concerning the product last monthAct

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 6E: Standard direct materials cost per unit from variance data The following data relating to direct...

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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.1 meters $17.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,700 meters $142,450 7,300 meters 1,400 units What is the materials price variance for the month?
Please do not give solution in image format thanku
Please do not give solution in image format thanku
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 meters $18.80 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output What is the materials price variance for the month? Multiple Choice $14,840 U $8,700 U $5,558 U $8,400 U 8,000 meters $ 158,800 7,300 meters 1,560 units
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.2 meters $ 18.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8,100 meters Actual cost of materials purchased $151,065 Actual materials used in production 7,700 meters Actual output 1,450 units What is the materials price variance for the month?
The following materials standards have been established for a particular product:Standard quantity per unit of output 2.6 metersStandard price $10.55 per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchased 6,000 metersActual cost of materials purchased $59,400Actual materials used in production 5,600 metersActual output 2,200 unitsQuestion: What is the materials quantity variance for the month? (label whether favorable or unfavorable; no dollar sign and comma)
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Soar, Inc. manufactures a product that has the direct materials standard cost presented below. Budgeted and actual information for the current month for the manufacture of the finished product and the purchase and use of the direct materials is also presented. Standard cost for direct materials: 1.60 Ib. @ $2.50 per lb. Budget Actual Finished goods (in units) Direct materials usage (in pounds) 30,000 32,000 ? 51,000 Direct materials purchases (in pounds) 48,000 50,000 Total cost of direct materials purchases ? $120,000
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