Question: Thames Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Standard Hours or Quantity Standard

Thames Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed:

	Standard Hours or Quantity	Standard Price or Rate
Direct Materials	3 pounds	$0.75 per pound
Direct Labor	0.4 hours	$12 per hour
Variable Manufacturing Overhead	0.4 hours	$9 per hour

During March, the laboratory performed 2,000 core tests. On March 1 no direct materials (sand) were on hand. Variable manufacturing overhead is assigned to core tests on the basis of standard direct labor-hours. The following events occurred during March: 8,600 pounds of sand were purchased at a cost of $7,310. 7,200 pounds of sand were used for core tests. 840 actual direct labor-hours were worked at a cost of $8,610. Actual variable manufacturing overhead incurred was $3,200.

The materials price variance for March is:

A. $860 unfavorable B. $860 favorable C. $281 unfavorable D. $281 favorable

The materials quantity variance for March is: A. $900 favorable B. $1,950 favorable C. $1,950 unfavorable D. $900 unfavorable

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!

In 2021, Ryan Management collected rent revenue for 2022 tenant occupancy. For financial reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants...

Thames Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Standard Hours or Quantity Standard Price or Rate Direct Materials...

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Standard Hours or Quantity Standard Price or Rate Direct materials...

Use the following data for questions 25 thru 31: Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed based on planned...

Please provide work and explanation. Answer questions 1 to 6 based on the following information: Cox Engineering performs cement core tests in its laboratory. The following standards have been set...

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Dircel malcrials Direct labor Variable manufacturing overhead......

Wasteful usage of variable overhead costs such as indirect materials and utilitiesi.e., misplacing or spilling indirect materials or leaving machines running and doors to refrigerated areas open will...

Use the following to answer questions 17-20 Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Standard Hours or...

40. Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: During March, the laboratory performed 2,000 core tests. On March...

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: Standard Hours or Quantity Standard Price or Rate Direct materials...

Describe how you can be involved in your country's government budgeting process? QUESTION 3 (7 marks) Discuss the nature of these three major activity categories of a state or local government:...

At the monthly management meeting of Book Worm, the Managing Director has outlined a new organisation structure. The changes are due to the planned introduction of global responsibilities for the EDP...

Mariko wants to buy one of Clare's rowboats, so the two draft a contract for its sale. The contract reads: "Binding Agreement: Mariko will buy one of Clare's small rowboats in February. Mariko will...

Discuss several ways ( at least four ways ) to improve the requirement process and thus, a project team can avoid a situation where too many changes to the project requirements occur at the later...

Using any benchmark data that you can find, including information from this textbook, what are some benchmark metrics that Lisa could be using to assess the efficiency of her human resource...

MyManagementLab onlycomprehensive writing assignment for this chapter. 1-12. What do you think of the idea of Google correlating personal traits from the employees answers on the survey to their...

Miriam, the controller, is basically claiming that the company is retaliating against her for being pregnant, and that the fact that we raised performance issues was just a smokescreen. Do you think...