Winterfield, LLC manufactures only one product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October: Number of units produced 825 Cost of actual direct materials purchased and used $ 38,400.00 Actual direct labor hours used 1,525 Actual direct labor cost incurred $ 20,587.00 Materials price variance—favorable $ 1,200.00 Labor efficiency variance—unfavorable $ 325.00 Total labor variance—unfavorable $ 1,087.50 Calculate the number of pounds of direct materials purchased and used during October. Select one: a. 3,795 lbs. b. 4,125 lbs. c. 3,960 lbs. d. 3,975 lbs. e. 4,075 lbs.
Winterfield, LLC manufactures only one product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October: Number of units produced 825 Cost of actual direct materials purchased and used $ 38,400.00 Actual direct labor hours used 1,525 Actual direct labor cost incurred $ 20,587.00 Materials price variance—favorable $ 1,200.00 Labor efficiency variance—unfavorable $ 325.00 Total labor variance—unfavorable $ 1,087.50 Calculate the number of pounds of direct materials purchased and used during October. Select one: a. 3,795 lbs. b. 4,125 lbs. c. 3,960 lbs. d. 3,975 lbs. e. 4,075 lbs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Winterfield, LLC manufactures only one product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October:
|
|
|
|
Number of units produced |
825 |
|
Cost of actual direct materials purchased and used |
$ 38,400.00 |
|
Actual direct labor hours used |
1,525 |
|
Actual direct labor cost incurred |
$ 20,587.00 |
|
Materials price variance—favorable |
$ 1,200.00 |
|
Labor efficiency variance—unfavorable |
$ 325.00 |
|
Total labor variance—unfavorable |
$ 1,087.50 |
Calculate the number of pounds of direct materials purchased and used during October.
Select one:
a. 3,795 lbs.
b. 4,125 lbs.
c. 3,960 lbs.
d. 3,975 lbs.
e. 4,075 lbs.
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