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ACCT 204HANDOUTCHAPER 0-VARIANCES am of a tnai of output of te 1. Your Corporation is...

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Accounting

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ACCT 204HANDOUTCHAPER 0-VARIANCES am of a tnai of output of te 1. Your Corporation is developing standards for its prodlucts. Each unis mit of output. The allkowance for rejects is 13. Your Corporation uses a standard cost system to collect costs related to the production its product. The standards for each batch is 1.4 pounds standard o purchased and used 78,000 pounds a quantity variance for the period? at a standard cost of $3.00 per pound. During the period Your Company total cost of $253,300 and produced 60,000 batches. What is the materials A) $1,500 unfavorable B) SI8,000 favorable C) $19,500 unfavorable D) $54,000 unfavorable 14. The standard cost card for one unit of a finished product shows the following: Direct materials Direct labor Variable manufacturing overhead... Standard Quantity or Hours 12 feet 1.5 hours 1.5 hours Standard Price or Rate S? per foot S12 per hour $8 per hour If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is: A) S2 B) $3 C) $4 D) $5

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