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.
$17,500 U
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Budgeted units
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Actual finished units produced
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$
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$
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Budgeted units
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Variable manufacturing overhead is applied to products
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Inputs
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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
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Quality Team Meeting $ 7,540
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Final test $
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Compute the...
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Inputs
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Standard Price or Rate
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Direct labor
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Inputs
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Standard Price or Rate
Direct materials
8.90
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$
8.50
per liter
Direct labor
0.50
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$
29.70
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Variable manufacturing overhead
0.50
hours
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