Standard Actual Material Cost Per Yard $2.00 $2.10 Standard Yards per Unit 4.5 y
ID: 2472902 • Letter: S
Question
Standard
Actual
Material Cost Per Yard
$2.00
$2.10
Standard Yards per Unit
4.5 yards
4.75 yards
Units of Production
9,500
5. Calculate the Total Direct Materials cost variance using the above information:
a.
$9,262.50 Unfavorable
b.
$9,262.50 Favorable
c.
$3,780.00 Unfavorable
d.
$3,562.50 Favorable
6. Calculate the Direct Materials Price variance using the above information:
a.
$1,795.50 Favorable
b.
$378.00 Favorable
c.
$4,512.50 Unfavorable
d.
$378.00 Unfavorable
7. Calculate the Direct Materials Quantity variance using the above information:
a.
$4,512.50 Unfavorable
b.
$4,512.50 Favorable
c.
$4,750 Unfavorable
d.
$4,750 Favorable
Standard
Actual
Material Cost Per Yard
$2.00
$2.10
Standard Yards per Unit
4.5 yards
4.75 yards
Units of Production
9,500
Explanation / Answer
Answer to the point no.5
Option a.is correct. $9262.5 Unfavorable.
Answer to point no.6
Option C is correct. $4512.5 is correct.
Answer to point No.7
Option C is correct. $4750 is correct.
DIRECT MATERIAL COST VARIANCE Particulars Standard Actual Variance Cost per Unit 9.00 9.98 Actual Units 9,500.00 9,500.00 Tota Cost 85,500.00 94,762.50 (9,262.50)