Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $3.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ b. Direct materials quantity varia

1 answer
Question:

Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $3.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ b. Direct materials quantity variance $ c. Total direct materials cost variance $

Answers

Answer:a. Direct materials price variance $2,250b. Direct materials quantity variance - $11,250 c. Total direct materials cost variance - $9,000Explanation:a. Direct materials price variancematerials price variance =(AP-SP)×AQ                                          =($3.00-$2.50)× 4,500 pounds                                          = $2,250b. Direct materials quantity variancematerials quantity variance = (AQ-SQ)× SP                                               = (4,500 pounds - 5,000 pounds)×$2.50                                               = - $11,250 c. Total direct materials cost varianceTotal direct materials cost variance=Direct materials price variance+Direct materials quantity variance                                                           = $2,250-$11,250                                                           = - $9,000

Similar Solved Questions

1 answer

Calculate the final molarity of HCl the resulting solution when 5.56 mL of 4.108 M HCl is added to 4.44 mL of water.

Calculate the final molarity of HCl the resulting solution when 5.56 mL of 4.108 M HCl is added to 4.44 mL of water....
2 answers

If a scientist observes a protist that is moving and determines it is heterotrophic, he or she can then hypothesize that the protist belongs in which group of protists? A Plant-like B. Fungus-like C. Animal-like D. Virus-like

If a scientist observes a protist that is moving and determines it is heterotrophic, he or she can then hypothesize that the protist belongs in which group of protists? A Plant-like B. Fungus-like C. Animal-like D. Virus-like...
1 answer

A nurse is planning discharge care for a client who had a stroke and now has left-sided weakness. Which of the following interventions should the nurse include in the plan of care?

A nurse is planning discharge care for a client who had a stroke and now has left-sided weakness. Which of the following interventions should the nurse include in the plan of care?...
2 answers

The most widely used index for magazine articles is the ? periodical reference guide readers guide to magazines readers guide to periodical literature

The most widely used index for magazine articles is the ? periodical reference guide readers guide to magazines readers guide to periodical literature...
1 answer

The Springfork Amateur Golf Club has a tournament every weekend. The club president has asked you to write two programs: 1. A program that will read each player’s name and golf score as keyboard input, and then save these as records in a file named golf.txt. (Each record will have a field for the player’s name and a field for the player’s score.) 2. A program that reads the records from the golf.txt file and displays them.

The Springfork Amateur Golf Club has a tournament every weekend. The club president has asked you to write two programs: 1. A program that will read each player’s name and golf score as keyboard input, and then save these as records in a file named golf.txt. (Each record will have a field for the ...
1 answer

Please hurry I need this fast Please look at both pics will give brainlest answer

Please hurry I need this fast Please look at both pics will give brainlest answer...
2 answers

Why is ancient Greece often called the “cradle of Western civilization”?

Why is ancient Greece often called the “cradle of Western civilization”?...
1 answer

The function for the cost of materials to make a biscuit is f(x) = four-fifths x + 4, where x is the number of biscuits. The function for the selling price of those biscuits is g(f(x)), where g(x) = 4x + 5.What is the selling price of the 15 biscuits

The function for the cost of materials to make a biscuit is f(x) = four-fifths x + 4, where x is the number of biscuits. The function for the selling price of those biscuits is g(f(x)), where g(x) = 4x + 5.What is the selling price of the 15 biscuits...
2 answers

How can you use a number line to compare and order numbers?

How can you use a number line to compare and order numbers?...
1 answer

How is biotechnology related to better preventative health ?

how is biotechnology related to better preventative health ?...
1 answer

Which expression is the same as 5÷3 5 ÷ 3 ?

Which expression is the same as 5÷3 5 ÷ 3 ?...
1 answer

At the beginning of the month, Sarah had 600 in her bank account. Within the month she made two deposits of and She also made three withdrawals 100, , and 20. How much was in her account at the end of the month?

At the beginning of the month, Sarah had 600 in her bank account. Within the month she made two deposits of and She also made three withdrawals 100, , and 20. How much was in her account at the end of the month?...
1 answer

What type of number is −2/5? MULTIPLE CHOICE only counting rational integer

What type of number is −2/5? MULTIPLE CHOICE only counting rational integer...
2 answers

What is the meaning of tiger​

what is the meaning of tiger​...
1 answer

1. Identify the matrix transformation of ΔXYZ, which has coordinates X(−2, −2),Y(4, 1), and Z(0, 6), for a dilation by a factor of 2.5. Then identify the correct vertices of the image 2. Identify the matrix transformation of ΔFGH, which has coordinates F(0, −1),G(5, −1), and H(4, 3), for a dilation by a factor of 1/4. Then identify the correct vertices of the image

1. Identify the matrix transformation of ΔXYZ, which has coordinates X(−2, −2),Y(4, 1), and Z(0, 6), for a dilation by a factor of 2.5. Then identify the correct vertices of the image 2. Identify the matrix transformation of ΔFGH, which has coordinates F(0, −1),G(5, −1), and H(4, 3), for a...
1 answer

Robert loves watching action films. While watching an old action film, he notices that he may have already watched that film. He confirms this by predicting the sequence of events in the movie. In this scenario, Robert is using _____.

Robert loves watching action films. While watching an old action film, he notices that he may have already watched that film. He confirms this by predicting the sequence of events in the movie. In this scenario, Robert is using _____....
1 answer

Which of the following describes the way Tammany Hall worked?

Which of the following describes the way Tammany Hall worked?...

-- 0.010959--