Question: a-d please ! Seve Okey Exercise 14-27 (Algo) Direct Materials Price and Usage Variances [LO 14-3) [The following information applies to the questions displayed below)

a-d please !
a-d please ! Seve Okey Exercise 14-27 (Algo) Direct Materials Price and
Usage Variances [LO 14-3) [The following information applies to the questions displayed

Seve Okey Exercise 14-27 (Algo) Direct Materials Price and Usage Variances [LO 14-3) [The following information applies to the questions displayed below) DES Company manufactures folding chairs Direct materials include hard plastic for the seat and back and metal beams for the legs. The standard cost sheet for a single char includes the following direct material information Material Quantity Cost per Unit Total Cost Hard plastic 2 sheets $ 2.79 per sheet Metal beams 11.25 per bean $10.50 4 beams 5.00 Last month, DES purchased 34,100 sheets of hard plastic at a cost of $86,955. The company also purchased 63.700 mets beams at a cost of $94 119. DES produced 17,200 chairs. There was no beginning or ending inventory of plastic sheets or metal beams during the month, Part 1 (Algo) Required: 1. Compute the following for last month's operations at DES Company a. The price variance for hard plastic. Indicate whether the variance is favorable or unfavorable b. The price variance for metal beams. Indicate whether the variance is favorable or unfavorable. c. The total direct materials price variance Indicate whether the variance is favorable or unfavorable d. The usage variances for hard plastic and metal beams, and the total direct materials usage vonance indicate whether each varance is favorable or unfavorable, a. Price variance for hard plastic b. Price variance for metal beams C Total direct materials price variance d. Plastic usage variance Metal usage variance Total materials usage variance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!