1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
3 years ago
6

Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Me

rcer Manufacturing for the year.
Actual direct materials used 16,000 lbs. at $4.05 per lb.
Actual direct labor used 5,545 hours for a total of $105,355
Actual units produced 30,000
Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.00 per pound and 10 minutes of direct labor at $20 per hour.

Compute the direct materials price and quantity variances
Business
2 answers:
Verdich [7]3 years ago
8 0

Answer:

Direct materials price variance = $800 Unfavorable

Direct materials quantity variance = $4,000 Unfavorable

Explanation:

Direct materials price variance = Aq×Ap-Aq×Sp

                                                   = (16,000×$4.05) - (16,000×$4.00)

                                                   = $800 Unfavorable

Direct materials quantity variance = Aq×Sp - Sq×Sp

                                               = (16,000×$4.00) - (30,000×0.50 pounds×$4.00 )

                                               = $4,000 Unfavorable

Molodets [167]3 years ago
6 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Actual direct materials used 16,000 lbs. at $4.05 per lb.

Actual units produced 30,000

Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.00 per pound.

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (4 - 4.05)*16,000

Direct material price variance= $800 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 30,000*0.5= 15,000

Direct material quantity variance= (15,000 - 16,000)*4

Direct material quantity variance= $4,000 unfavorable

You might be interested in
What happens when you move a section header
german
Nothing really just the header moves where ever you move it to lol
5 0
3 years ago
Read 2 more answers
Belinda’s job at the corporate offices of Mobility Car Rental requires her to analyze large amounts of data in order to identify
wolverine [178]

Answer:

The correct answer is: customer relationship management.

Explanation:

Customer Relationship Management (CRM) is a technique by which companies store customers' information in an attempt to identify their buying patterns and to build long-lasting relationships with them. CRM uses Information Technology (IT) software for such studies. Thanks to this system, businesses can provide consumers with products and services that are most likely to satisfy their needs.

8 0
3 years ago
A college student has a new job, and must balance classes and commute times to work. the student takes two weeks to drive from c
ElenaW [278]

The dependent variable is the<u> "average time in minutes it takes to drive from campus to workplace. "</u>


A dependent variable is the thing that you measure in the analysis and what is influenced amid the investigation. The dependent variable reacts to the independent variable. It is called dependent since it "depends" on the independent variable. In a logical trial, you can't have a dependent variable without an independent variable.

3 0
3 years ago
Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared.
DerKrebs [107]

Answer:

Net income = $3,560

Explanation:

                                       Romney's Marketing Company

                                        Multi-step income statement

                               For the Year ended December 31 20YY

Sales revenues 37,250

Less: Cost of goods sold = 0

Gross profit                                                          = 37,250

Less: Operating expense:

Wages expense                                 = $19,000

Depreciation expense                       = $1,750

Utilities expense                                = $320

Insurance expense                            = $780

Rent expense                                     = $9,800

Total operating expense                   = ($31,650)

Add: operating income:

Rent revenue                                      =  $560

Total operating income                                         = $6,160

Other operating income

Interest revenue                                                    = 160

Net income before taxes                                      = $6,320

Income tax expense                                              = $2,760

Net income                                                             = $3,560

4 0
3 years ago
Which of the following features of information systems can be used to help a business increase production and save time?
svlad2 [7]
Automated tasks      
 
 
 
 
 
 
 
 ......................................................................................................................                                                                                  
4 0
3 years ago
Other questions:
  • f the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then a change in the m
    8·1 answer
  • g Select one: a. Capital budgeting analysis for expansion and replacement projects is essentially the same because the types of
    10·1 answer
  • A survey of 50 retail stores revealed that the average price of a microwave was $375 with a sample standard deviation of $20. As
    9·1 answer
  • On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principa
    10·1 answer
  • To create a successful advertising campaign on facebook, a good strategy a brand manager can use is to
    5·1 answer
  • All of the following are determinants of demand elasticity EXCEPT a. whether the purchase of the product can be delayed b. wheth
    8·1 answer
  • Which of the following is a style trend?
    7·1 answer
  • Wetherald Products, Incorporated, has a Pump Division that manufactures and sells a number of products, including a standard pum
    14·1 answer
  • Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observe
    12·1 answer
  • marci, a purchasing agent, orders 300 refrigerators per month from an online vendor portal. in doing so, she has made a(n) decis
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!