1.Standards established for a particular raw material used by Troop Company are as follows: Standard quantity per unit of output - 1kg.; Standard price is P16.60 / kg. Data pertaining to last month's are: Actual materials purchased - 2,200 kg; Actual purchases cost - P34,650. Actual materials used - 1,900 kg.; Actual output - 2,100 units. The materials quantity variance for the month must be?

2.A quantity of a particular raw material was purchased for P43,250. The standard cost of the material was P2/kg and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased?

3.The standard direct material cost to purchase a unit of sleeve is 4 meters of material at P2.50 per meter. The company purchased and used 4,200 meters of material for P10,080 to produce 1,000 units of sleeve. The material price variance must be:

4.A total of 6,850 kg of a raw material was purchased at a total cost of P21,920. The material price variance was P1,370 favorable. The standard price per kg for the raw material must be:

5.The following direct labor information pertains to the manufacture of Granny: Time required to make one unit - 2 DL hrs; Number of direct labor workers - 50 workers; number of productive hours per week, per worker - 40 hours; weekly wages per worker - P500; Workers' benefits treated as DL costs - 20% of wages. What is the standard direct labor cost per unit of product Granny?

6.The following information pertains to Boomerang Company's direct labor for March: Standard DL hours-21,000; Actual DL hours - 20,000; Labor rate variance - P8,400 Favorable; Standard labor rate / hr is P6.30. What was the total actual labor cost for March?

Answer rating: 100% (QA)

1 Materials quantity variance Standard quantity Actual quantity Standard quantity 1 kgunit x 2100 un... View the full answer