Material Cost Per Yard Standard = $2.00 Actual = $2.10 Standard Yards per Unit = 4.5 yards
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Question:
Material Cost Per Yard
Standard = $2.00
Actual = $2.10
Standard Yards per Unit = 4.5 yards and 4.75 yards
Units of Production = 9,500
1. Calculate the Total Direct Materials cost variance using the above information:
a. $9,262.50 Unfavorable
b. $9,262.50 Favorable
c. $3,780.00 Unfavorable
d. $3,562.50 Favorable
2. Calculate the Direct Materials Price variance using the above information:
a. $1,795.50 Favorable
b. $378.00 Favorable
c. $4,512.50 Unfavorable
d. $378.00 Unfavorable
3. Calculate the Direct Materials Quantity variance using the above information:
a. $4,512.50 Unfavorable
b. $4,512.50 Favorable
c. $4,750 Unfavorable
d. $4,750 Favorable
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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