Question: b . Determine the direct materials price variance , direct materials quantity variance , and total direc materials cost variance . Round your answers to

b . Determine the direct materials price variance , direct materials

b . Determine the direct materials price variance , direct materials quantity variance , and total direc materials cost variance . Round your answers to two decimal places , if necessary . Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Price variance 4790 Favorable Quantity variance Unfavorable Total direct materials cost variance Favorable

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!

Total standard cost per unit b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole...

A Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 40 hours of labor per week....

b . Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round s answers to the nearest whole dollar. Enter a favorable...

Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made...

Vader manufactures kaozies. The standard costs for the manufacture of the kaozies were as follows: Standard Costs Actual Cost: Direct 1,500 pounds. at $15 2,000 pounds at materials $14.50 Direct...

manufacture of 7 4 , 0 0 0 units of product were as follows: \ table [ [ , Standard Costs,Actual Costs ] , [ Direct materials, 1 8 5 , 0 0 0 l b s . at $ 5 . 8 0 per lb . , 1 8 3 , 2 0 0 l b s . at $...

Standard Costs Actual Costs Direct materials192,400 lbs. at $5.50190,500 lbs. at $5.30Direct labor18,500 hrs. at $17.8018,930 hrs. at $18.10Factory overheadRates per direct labor hr., based on 100%...

Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus...

its the first picture and the third picture ignore the ignore the second picture pls ERS 222 Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company...

Show that if C is the price of an American call option on a futures contract when the strike price is K and the maturity is T, and P is the price of an American put on the same futures contract with...

Seeking mental health services and/or treatment for mental illness remains stigmatized in many parts of our society. What might be done to reduce this stigmatization? Also, what factors stimulated...

6 . 1 Name THREE features of a spreadsheet which make it an ideal tool for analysing data. ( 3 ) 6 . 2 Mention TWO indications that information found on a website may not be accurate. ( 2 ) 6 . 3...

Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if the business strategy was not the driver? How can information itself provide a...

4. In what way will relationships in a system influence what is reported?

3. Mention three examples where you distorted information that you had taken from your memory and where others made you aware of the fact that you had distorted the information. Did it create a...

4. Think of two units of information you have received during the course of the day. Connect these two units of information and try to create completely new information that did not exist in the...