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 atotal 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?

Answer rating: 100% (QA)

Here are the solutions to your questions The total materials cost variance is calculated as the the difference between the actual total cost and the standard total costTotalMaterialsCostVarianceActual... View the full answer