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Tamiku [17]
3 years ago
12

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity

variance.
Direct materials standard (6 lbs. @ $2/lb.) | $ 12 per finished unit
Actual direct materials used | 243,000 lbs.
Actual finished units produced | 40,000 units
Actual cost of direct materials used | $ 483,570
Business
1 answer:
Monica [59]3 years ago
4 0

Answer:

$6,000 Unfavorable

Explanation:

Actual Quantity = 243,000 lbs

Standard Quantity:

= Actual finished units produced × Direct materials standard quantity per unit

= 40,000 units × 6 lbs

= 240,000 lbs

Standard Price = $2 per lb.

Hence,

Direct materials quantity variance:

= (Actual Quantity - Standard Quantity) × Standard Price

= (243,000 - 240,000) × $2

= $6,000 Unfavorable

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4 0
3 years ago
Read 2 more answers
If the Potinsky household spends ​$37 comma 300 annually on all living expenses and​ long-term debt, calculate the amount recomm
Finger [1]

Answer:

$9,249 for three months, $18,498 for six months.

Explanation:

Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.

The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).

For a three-month emergency fund = $3,083 x 3

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For a six-month emergency fund = $3,083 x 6

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8 0
3 years ago
The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $1
oksian1 [2.3K]

Answer:

Mark−up percentage = 18.75%

Explanation:

Total manufacturing cost= Direct material + Direct labor  + Variable overhead + Fixed overhead

= $36 + $24 + $18 + $40

= $118

Hence, the total manufacturing cost is $118.

Total selling cost = Fixed selling cost + Variable selling cost

Total selling cost = $28 + $14

Total selling cost = $42

Hence, the total selling cost is $42

Total cost = Total Manufacturing cost + Total selling cost

Total cost = $118 + $42

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Mark−up percentage = ROI / Total cost * 100

Mark−up percentage = $30 / $160 * 100

Mark−up percentage = 0.1875 * 100

Mark−up percentage = 18.75%

7 0
3 years ago
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