Question
In: Accounting
Variance Analysis Peter Enterprises has collected the following data on one of its products. During the...
Variance Analysis
Peter Enterprises has collected the following data on one of its
products. During the period the company produced生产了（件） 25,000
units. The direct materials quantity variance
直接原材料数量差异is:
| Direct materials standard (7 kg. @ $2.05/kg) | $14.35 | per finished unit |
| Actual cost of materials purchased | $332,150 | |
| Actual direct materials purchased and used | 151,000 | kg |
Multiple Choice
-
$22,600 favorable.
-
$26,600 unfavorable.
-
$49,200 favorable.
-
$49,200 unfavorable.
-
$22,600 unfavorable.
Solutions
Expert Solution
Correct option is "C" -49200 Favorable
Standard quantity allowed for actual production= Actual production* Standard quantity per unit
= 25000 * 7
= 175000
now,
Direct material quantity variance = SR[AQ-SQ]
= 2.05 [151000 - 175000]
= 2.05 * -24000
= - 49200 F (Enter as 49200 F if needs to enter as positive value)
ekkarill92 answered 1 year agoRelated Solutions
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of
its products. During the period the company produced 25,000 units.
What is the direct materials price variance? Direct materials –
standard (7 kg. @ $2.40/kg) $16.80 per finished unit Actual cost of
materials purchased $402,500 Actual direct materials purchased and
used 158,000 lbs
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of
its products. During the period the company produced 25,000 units.
What is the direct materials price variance?
Direct materials – standard (7 kg. @ $2.40/kg)
$16.80 per finished unit
Actual cost of materials purchased
$402,500
Actual direct materials purchased and used
158,000 lbs
a.
$23,300 U
b.
$23,300 F
c.
$40,800 F
d.
$40,800 U
e.
$17,500 U
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$3
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Actual direct materials used
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Actual finished units produced
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Fletcher Company collected the following data regarding
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$
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Actual direct labor hours
101,500
hrs.
Budgeted units
61,000
units
Actual finished units produced
50,000
units
Standard variable OH rate (2 hrs. @ $16.20/hr.)
$
32.40
per finished unit
Standard fixed OH rate ($603,900/61,000 units)
$
9.90
per unit
Actual cost of variable overhead costs incurred
$
1,614,000
Actual...
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Direct labor standard (2.0 hrs. @ $13.40/hr.)
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Actual direct labor hours
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): Mandas Inc. has provided the following data concerning one of the products in its standard...
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concerning one of the products in its standard cost system.
Variable manufacturing overhead is applied to products
on the basis of direct labor-hours.
Inputs
Standard Quantity of Output
Standard Price or
Rate
or Hours per
Unit
Direct materials
7.80
liters
$ 7.40 per liter
Direct labor
0.40
hours
$25.70 per hour
Variable manufacturing
overhead
0.40
hours
$ 6.30 per hour
The...
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The ABC Company has collected the following cost data for the
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Receiving
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Production Scrap $ 32,150
Rejected Products $ 6,200
Product Design $ 25,422
Customer Adjustment Credit $ 85,654
Online Inspection $ 17,248
Quality Team Meeting $ 7,540
Downgrading Products $ 1,125,328
Customer Need survey $ 3,250
Final test $
25,758
Prototyping $ 136,802
Organize these costs in COQ categories and put any non-QOC data
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Compute the...
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on Material used in production. Variable manufacturing overhead is
applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct materials
10.0
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$
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Direct labor
0.5
hours
$
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Variable...
Kropf Inc. has provided the following data concerning one of the products in its standard cost...
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Inputs
Standard Quantity or Hours per Unit of
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Standard Price or Rate
Direct materials
8.90
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$
8.50
per liter
Direct labor
0.50
hours
$
29.70
per hour
Variable manufacturing overhead
0.50
hours
$
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per hour
The company has reported the following actual results for the
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