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 company produced 35,000 units and had the following actual costs: Direct materials: 18,000 pounds 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 direct materials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute the total materials cost variance
7. XYZ company makes one product and has calculated the following amounts for direct materials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute the total materials cost variance
8. XYZ company makes one product and has calculated the following amounts for direct materials: AQ * AP = $150,000; AQ * SP = $145,000; SQ * SP= $152,000. Compute the materials quantity variance
9. A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4 hours of direct labor and the company expects to produce 2,000 units each month. The standard overhead rate will be $1.25 per direct labor hour 10. A company sells a product for $3. The company prepares a flexible budget at two sales volumes. At a sales volume of 50 units, budgeted sales will be $150. At a sales volume of 60 units, budgeted sales will be $180 11. Standard costs have which of the following characteristics?
12. Match cost variance components to its definition a. Actual quantity--- the input used to manufacture the quantity of output b.

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