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Compute the materials price variance a 500 u 5 abc

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Compute the materials price variance
5.ABC company has set the following standard for one unit of product: Direct materials:0.5 pounds @ $1.00 per pound; direct labor :1 hour @ $10.00 per hours. The companyproduced 35,000 units and had the following actual costs: Direct materials: 18,000pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,000.Compute the total materials variance
6.XYZ company makes one product and has calculated the following amounts for directmaterials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute thetotal materials cost variance
7.XYZ company makes one product and has calculated the following amounts for directmaterials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute thetotal materials cost variance
8.XYZ company makes one product and has calculated the following amounts for directmaterials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute thematerials quantity variance
9.A manufacturing company has variable overhead costs of $2.50 per unit and fixed costsof $5,000 per month. Each unit requires 4 hours of direct labor and the company expectsto produce 2,000 units each month. The standard overhead rate will be$1.25per directlabor hour10.A company sells a product for $3. The company prepares a flexible budget at two salesvolumes. At a sales volume of 50 units, budgeted sales will be$150.At a sales volume of60 units, budgeted sales will be$18011.Standard costs have which of the following characteristics?
12.Match cost variance components to its definitiona.Actual quantity--- the input used to manufacture the quantity of outputb.

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Term
Spring
Professor
N/A
Tags
Managerial Accounting, Cost Accounting, Variance, Direct material price variance

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