Direct material variances: The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows: Direct materials price variance. Direct materials quantity variance. The direct materials price variance.

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Answer 1

Question

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

(B)

To determine

The variances for analysis and control should be reported for which department.

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Answer 2

Question

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

(B)

To determine

The variances for analysis and control should be reported for which department.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

(B)

To determine

The variances for analysis and control should be reported for which department.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

(B)

To determine

The variances for analysis and control should be reported for which department.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

(B)

To determine

The variances for analysis and control should be reported for which department.

Answer 6

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

Answer 7

Chapter 8, Problem 4E

(A)

To determine

Direct material variances:

The difference between the actual material cost per unit and the standard material cost per unit for the direct material purchased is known as direct material cost variance. The direct material variance can be classified as follows:

Direct materials price variance.

Direct materials quantity variance.

The direct materials price variance.

Answer 8

(B)

To determine

The variances for analysis and control should be reported for which department.

Answer 9

(B)

To determine

The variances for analysis and control should be reported for which department.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 8 - What are the basic objectives in the use of...Ch. 8 - What is meant by reporting by the principle of...Ch. 8 - What are the two variances between the actual cost...Ch. 8 - The materials cost variance report for Nickols...Ch. 8 - A. What are the two variances between the actual...Ch. 8 - Prob. 6DQ Ch. 8 - Would the use of standards be appropriate in a...Ch. 8 - A. Describe the two variances between the actual...Ch. 8 - If variances are recorded in the accounts at the...Ch. 8 - Prob. 10DQ

Solution Summary: The author explains direct material variances, which are the difference between the actual material cost per unit and the standard materials cost. The direct materials price variance is 7,250 and is an unfavorable variance.

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The variances for analysis and control should be reported for which department.

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