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lesantik [10]
2 years ago
14

Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following mate

rials data for the month ending June 30: Materials purchased $154,700 Materials inventory, June 1 48,800 Materials inventory, June 30 40,700 Determine the cost of direct materials used in production by Walker during the month ended June 3
Business
1 answer:
Minchanka [31]2 years ago
6 0

Answer:

the direct material used is $162,400

Explanation:

The computation of the direct material used is as follows:

= Opening inventory + material purchased - ending inventory

= $48,400 + $154,700 - $40,700

= $162,400

Hence, the direct material used is $162,400

We simply applied the above formula so that the correct value could come

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What management function is production manager Cedric Stein using when he orders aluminum component parts (bumpers, drive trains
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Purchasing

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5 0
3 years ago
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,700
Andru [333]

Answer:

A) Price       7,080     U

B) Quantity 4,630.5  U

C) Total        11.710,5‬ U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $3.45

actual cost  $3.65

quantity 35,400

difference  $(0.20)

(0.2) \times 35,400 = DM \: price \: variance

price variance  $(7,080.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 36110.00

actual quantity 35400.00

std cost  $3.45

difference 710.00

(710) \times 3.45 = DM \: quantity \: variance

quantity variance  $2,449.50

Total Variance: 2,449.5 - 7,080 = -4.630,5‬

8 0
3 years ago
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