The following March information is available for Scott Manufacturing Company when it produced 2,100 units: Standard:...

  

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The following March information is available for Scott Manufacturing Company when it produced 2,100 units: Standard: Material 2 pounds per unit @ $5.80 per pound Labor 3 direct labor hours per unit @ $10.00 per hour Actual: Material 4,250 pounds purchased and used @ $5.65 per pound Labor 6,300 direct labor hours at $9.75 per hour Refer to Scott Manufacturing. What is the material price variance? Juztine Company produces a single type of necklace being sold for P 25 per unit. The following information was made available: Unit sales (P 25 per unit) Material usage Material cost Labor hours Labor cost 63,000 75,000 pounds P7.2 per pounds 10,000 hours P30 per hour What is the operational partial productivity of Direct Material? Listed below are a company's monthly unit costs to manufacture and market a particular product. Unit Costs Direct materials Direct labor Indirect Manufacturing Marketing Variable Cost P2.00 2.40 1.60 2.50 Fixed Costs P1.00 1.50 The company must decide to continue making the product or buy it from an outside supplier. The supplier has offered to make the product at the same level of quality that the company can make it. Fixed marketing costs would be unaffected, but variable marketing costs would be reduced by 30% if the company were to accept the proposal. What is the maximum amount per unit that the company can pay the supplier without decreasing its operating income? The following March information is available for Scott Manufacturing Company when it produced 2,100 units: Standard: Material 2 pounds per unit @ $5.80 per pound Labor 3 direct labor hours per unit @ $10.00 per hour Actual: Material 4,250 pounds purchased and used @ $5.65 per pound Labor 6,300 direct labor hours at $9.75 per hour Refer to Scott Manufacturing. What is the material price variance? Juztine Company produces a single type of necklace being sold for P 25 per unit. The following information was made available: Unit sales (P 25 per unit) Material usage Material cost Labor hours Labor cost 63,000 75,000 pounds P7.2 per pounds 10,000 hours P30 per hour What is the operational partial productivity of Direct Material? Listed below are a company's monthly unit costs to manufacture and market a particular product. Unit Costs Direct materials Direct labor Indirect Manufacturing Marketing Variable Cost P2.00 2.40 1.60 2.50 Fixed Costs P1.00 1.50 The company must decide to continue making the product or buy it from an outside supplier. The supplier has offered to make the product at the same level of quality that the company can make it. Fixed marketing costs would be unaffected, but variable marketing costs would be reduced by 30% if the company were to accept the proposal. What is the maximum amount per unit that the company can pay the supplier without decreasing its operating income?

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For the first question lets calculate the material price variance Standard Cost Standard Quantity St... View the full answer