Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one month’s production of 6,900 glasses was 1.3 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.
Answer to relevant QuestionsGoldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hours per glass, at a cost of $17 per hour. The actual results for one month’s production of 6,900 glasses were 0.2 hours per glass, at ...One subunit of Xtreme Sports Company had the following financial results last month: Requirements 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage rounded to two ...The Costa Company is decentralized, and divisions are considered investment centers. Costa has one division that manufactures oak dining room chairs with upholstered seat cushions. The Chair Division cuts, assembles, and ...Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Hungry Cardz with a special order. The Hall of Fame wishes to purchase 55,000 baseball card packs for a special promotional campaign and offers $0.33 ...Refer to Exercise E25-18. Eclipse Systems needs 80,000 optical switches. By outsourcing them, Eclipse Systems can use its idle facilities to manufacture another product that will contribute $250,000 to operating income. In ...
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