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Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot

Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot are required. A production run of 1,000 tables in January, resulted in usage of 6,400 square feet of vinyl at a total cost of P7,680.

1.The total materials cost variance is:

2.The materials usage (quantity) variance is :

3.The materials price (on usage) variance is:

4.Everlasting Container Company uses 5 pieces of "72 X 36" metal at P12 per piece as standard for the production of non-trust vats. During one month's operation, 4,800 vats were produced at a cost of P11.50 per pieces of materials. What is the total materials cost variance?


Questions 5& 6 are based on the following information:

Component DC-10 is manufactured in batches of 100 cylinders by Cilindro Manufacturing Company, the standard material input being 250 gallons (per batch) of material X at P1.20 per gallon. During November, 30 batches of DC-10 were produced from an input of 7,450 gallons of material X which cost P9,089.

5.The materials quantity variance is

6.The materials price variance is

Question 7-10 are based on the following information:

Quality Roofs Company installs single roofs on residential houses. The standard materials cost for a type R-house is P1,250 based on 1,000 units of materials. During April, the company installed 20 type R-houses using 22,000 units of materials at a cost of P1.20 per material.


7. The material quantity variance is:

8. The material price variance is:

Questions 9 and 10 are base on the following information:

Actual quantity of materia used20,000

Actual cost of materials usedP40,000

Standard cost per unit of materialsP2.10

Material quantity VarianceP420 unfavorable

9. The total material cost variance is:

10. What is the material price variance:

Questions 11 and 12 are based on the following information:

Standard cost of materials per gallonP3

Standard cost of materials for the actual productionP15,000

Actual gallon consumed4,800

Material Price VarianceP2,400 unfavorable


11. The total material cost variance is:

12. The materials usage variance is :


13. The following information concerning material 088 is available:

Actual cost of materials for the actual productionP26,400

Standard cost of materials per unit of productP15.75

Materials quantity varianceP1,260 unfavorable

Materials price varianceP1,320 favorable

1.5 pounds of materials 088 are required for each unit of product. How many units of product were actually produced?

Questions 14 and 15 are based on the following information:

Materials used during April6,000 lbs

Materials inventory, April 12,000 lbs

Materials Inventory, April 301,500 lbs

Standard price of materialsP1.10 per lb

Actua purchase price of materialsP1.20 per lb


14. What is the materials price variance (based on purchases)

15. What is the materials price variance ( on the usage)


Questions 16 to 18 are based on the following information:

The standard cost of materials VX is P13.50 per pound. During the month of August, 4,500 pound of material VX were purchased at a total of P60,975. In addition, 3,900 pounds of VX were used during the month; however, the standard quantity allowed for the actual production is 3,800 pounds.


16. How much is the material price (on purchases) variance:

17. How much is the material price (on usage) variance:

18. What is the materials usage (quantity) variance:


19. The management of Abel Company set a standard on material "XOX" at a P25 per unit. Actual cost of this fluctuated during the period. Of the 10,000 units purcahsed, 50% had a cost of P24.70 per unit, 20% were prucahsed at a price of P24.90 per unit and the remainder has a cost of P25.60 per unit. What is the materials purchase price variance:


20. Katsi Manufacturing Corporation uses 3 types of materials designated as K-08, L-09, and M-010 in producing product C. The standard costs per unit of the materials are:

K-008P3

L-0094.50

M-0107

The actual cost of units purchased during May are as follows:

MaterialsQuantityTotal Cost

K-0083,00010,500

L-0097,50033,750

M-0104,50030,600

What is the materials purchase price variance :


Questions 21-23 are based on the following information:

Like Manufacturing Company has established a standard cost as follows:

Material AP3 per unit

Material B7 per unit

In December, the company purcahsed 10,000 units of material A and 5,000 units of material B. With the exception of 800 unit cost of P3.50. The company purcahsed 4,500 units of material B at a standard cost and 500 units at a unit cost of P8.

According to standards, two units of material A and one unit of material B should be used to manufacture each unit of product. In January, 4,000 units of product were manufactured and 8,600 units of material A were used and 4,100 units of material B were used.


21. What is the total materials price variance on the ourchases for December:

22. What is the total materials price variance on the usage during January:

23. What is the materials usage variance for January:


Questions 24 to 26 are based on the following information:

WIP, Beg300 units, 35% complete as to materials

Started in August1,630 units

Finished and Transferred1,830 units

WIP, end?units, 20% complete as to materials


3 units of materials at a standard price of P4 per unit, are required for each unit of product. The actual cost of materials for the month was P25,000 at an actual price of P5 per unit of materials


24. What is the material price variance for the month:

25. If the company is using FIFO method, what is the material quantity variance:

26. If the company is using the weighted average method, what is the materials quantity variance:


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