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tatuchka
11 days ago
6

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

variance.Direct materials standard (6 lbs. @ $2/lb.) $12 per finished unitActual direct materials used 243,000 lbs.Actual finished units produced 40,000 unitsActual cost of direct materials used $483,570a. $6,000 favorable.b. $3,570 unfavorable.c. $2,430 favorable.d. $6,000 unfavorable.e. $3,570 favorable.3.Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials price variance?a. $400 unfavorable.b. $450 unfavorable.c. $2,500 unfavorable.d. $2,550 unfavorable.e. $2,950 unfavorable.4.Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (2 hrs. per unit @ $4/hr.) Actual data for the month show total variable overhead costs of $190,000, and 23,000 units produced. The total variable overhead variance is:a. $6,000F.b. $6,000U.c. $78,000U.d. $78,000F.e.$0.
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