Please do not give solution in image format thanku The standard costs and actual costs for direct materials for the manufacture of 2,760 actual units of product are as follows:Direct materialsStandard Costs2,760 kilograms @$8.90Direct materialsActual Costs2,900 kilograms @ $8.40The direct materials quantity variance isOa. $1.246 favorableOb. $997 favorableOc. $1.246 unfavorableOd. $997 unfavorable

Direct materials quantity variance is the difference between the actual materials used and standard…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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
The standard costs and actual costs for direct materials for the manufacture of 2,200 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms @$8.57 Actual Costs Direct materials 2,200 kilograms @ $8.35 The direct materials price variance is Oa. $229 favorable Ob. $229 unfavorable Oc. $484 unfavorable Od. $484 favorable
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
The standard costs and actual costs for direct materials for the manufacture of 2,800 actual units of product are as follows: Standard CostsDirect materials 1,040 kilograms at $8.51 Actual CostsDirect materials 2,800 kilograms at $8.05 The direct materials price variance is a. $478 favorable b. $478 unfavorable c. $1,288 favorable d. $1,288 unfavorable
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The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units of product are as follows: Standard Costs Direct materials Direct materials 2,640 kilograms at $8.90 Actual Costs 2,700 kilograms at $8.10 The direct materials quantity variance is Oa. $534 unfavorable Ob. $427 unfavorable Oc. $427 favorable Od. $534 favorable Previous
The standard costs and actual costs for direct materials for the manufacture of 2,590 actual units of product are as follows: Standard CostsDirect materials 2,590 kilograms at $8.50 Actual CostsDirect materials 2,700 kilograms at $8.10 The direct materials quantity variance is a. $748 favorable b. $748 unfavorable c. $935 favorable d. $935 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,600 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms @$8.88 Actual Costs Direct materials 2,600 kilograms @ $8.00 The direct materials price variance is a.$915 favorable b.$2,288 favorable c.$915 unfavorable d.$2,288 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,800 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials 2,800 kilograms @ $8.40 Round your final answer to the nearest dollar. The amount of direct materials price variance is a.$437 unfavorable b.$1,176 unfavorable c.$1,176 favorable d.$437 favorable
Assume the following information (the quantity of materials purchased the quantity used): Actual total cost of direct materials Direct materials price variance Standard quantity of materials allowed per unit Standard price per pound of material Standard rate per direct labor hour Actual total direct labor hours Direct labor efficiency variance Standard number of direct labor hours allowed per unit. Direct labor spending variance What is the standard price (SP) per pound of materials? $ 65,560 $ 5,960 U 3 pounds $ 4.00 $ 5.00 6,500 $ 3,500 F 2 hours $ 400 U
The standard costs and actual costs for direct materials for the manufacture of 2,700 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms at $8.83 Actual Costs Direct materials 2,700 kilograms at $8.10 The direct materials price variance is a. $1,971 favorable b. $1,971 unfavorable c. $759 unfavorable d. $759 favorable
nformation about direct materials cost follows for a local company: Standard price per materials gram $ 16 Actual quantity used 2,750 grams Standard quantity allowed for production 2,900 grams Price variance $ 13,750 F Required: What was the actual purchase price per gram?

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