Current Attempt in Progress The Beakins Company manufactures advertising banners using weather-resistant nylon whose standard price...

 

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Current Attempt in Progress The Beakins Company manufactures advertising banners using weather-resistant nylon whose standard price is $5 per yard. Each banner includes a standard quantity of 4 yards of nylon. During the month of March, Beakins used 5,000 yards of nylon to produce 1,200 banners. That month, the company purchased 8,000 yards of nylon at a total cost of $29,000. (a) Based on the standard quantity, how many yards of nylon should Beakins have used in March? Nylon used (b) Calculate the direct materials price variance for March (Round answer to O decimal places, e.g. 5,275. If variance is zero, select "Not Applicable and enter 0 for the amounts.) Direct material price variance $ yards Direct material quantity variance $ (c) Calculate the direct materials quantity variance for March. (If variance is zero, select "Not Applicable and enter o for the amounts.) ofertbook and Media Favorable Unfavorable Current Attempt in Progress The Beakins Company manufactures advertising banners using weather-resistant nylon whose standard price is $5 per yard. Each banner includes a standard quantity of 4 yards of nylon. During the month of March, Beakins used 5,000 yards of nylon to produce 1,200 banners. That month, the company purchased 8,000 yards of nylon at a total cost of $29,000. (a) Based on the standard quantity, how many yards of nylon should Beakins have used in March? Nylon used (b) Calculate the direct materials price variance for March (Round answer to O decimal places, e.g. 5,275. If variance is zero, select "Not Applicable and enter 0 for the amounts.) Direct material price variance $ yards Direct material quantity variance $ (c) Calculate the direct materials quantity variance for March. (If variance is zero, select "Not Applicable and enter o for the amounts.) ofertbook and Media Favorable Unfavorable

Answer rating: 100% (QA)

1Nylon used is 4800 yards Nylon used banners manufactured in the month of Ma... View the full answer