Question: pleasee help asap 1. Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards

pleasee help asap

1. Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):

Standard Quantity x Standard Price = Standard Cost
Direct materials 3 pounds $4.50 per pound $13.50
Direct labor 2.00 hours 12.00 per hour 24.00
Total cost $37.50

Sitka Industries made 2,900 ladders in July and used 8,400 pounds of material to make these units. Sitka Industries bought 15,500 pounds of material in the current period. There was a $250 unfavorable direct materials price variance.

Enter all amounts as positive numbers.

A. How much in total did Sitka pay for the 15,500 pounds?

Amount paid $fill in the blank 1

B. What is the direct materials quantity variance?

Direct materials quantity variance $fill in the blank 2

FavorableUnfavorable

C. What is the total direct materials cost variance?

Total direct materials cost variance $fill in the blank 4

FavorableUnfavorable

D. What if 9,300 pounds were used to make these ladders, what would be the direct materials quantity variance?

Direct materials quantity variance $fill in the blank 6

FavorableUnfavorable

E. If there was a $350 favorable direct materials price variance, how much did Sitka pay for the 15,500 pounds of material?

Amount paid $fill in the blank 8

2. Use the information provided to answer the questions.

Actual price paid per pound of material $15.00
Total standard pounds for units produced this period 12,500
Pounds of material used 13,200
Direct materials price variance favorable $3,960.00

All material purchased was used in production.

Enter all amounts as positive numbers.

A. What is the standard price for materials?

Standard price paid $fill in the blank 1

B. What is the direct materials quantity variance?

Direct materials quantity variance $fill in the blank 2

FavorableUnfavorable

C. What is the total direct materials cost variance?

Total direct materials cost variance $fill in the blank 4

FavorableUnfavorable

D. If the direct materials price variance was unfavorable, what would be the standard price?

Standard price $fill in the blank 6

3. Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,100 cups of flour at $0.55 per cup. They use 3,512.5 cups of flour to make 4,700 biscuits. The standard cost per cup of flour is $0.54.

A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers.

Direct materials price variance $ fill in the blank 1
FavorableUnfavorable
Direct materials quantity variance $ fill in the blank 3
FavorableUnfavorable
Total direct materials cost variance $ fill in the blank 5
FavorableUnfavorable

B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals.

$ fill in the blank 7

4. Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 3 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 10,000 units. The standard cost for labor allowed for the output was $120,000, and there was an unfavorable direct labor time variance of $5,904.

A. What was the standard cost per hour? Round your answer to two decimal places.

Standard cost $fill in the blank 1 per hour

B. How many actual hours were worked?

Actual hours fill in the blank 2

C. If the workers were paid $4.10 per hour, what was the direct labor rate variance? Round your answer to two decimal places. Enter the amount as positive number.

Direct labor rate variance $fill in the blank 3
FavorableUnfavorable

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