| | $75,600 favorable. | Five Rings, Inc, has collected the following data on one of its products: | | Direct materials standard (3 lbs.@ $ 1/b.) | $3per finished unit | | Total direct materials cost variance unfavorable | $12,700 | | Actual direct materials used | 240,000 lbs | | Actual finished units produced | 48,000 units | | The direct materials quantity variance is: | | | $132,000 favorable. | | | $12,700 unfavorable. | | | $35,300 favorable. | | | $96,000 unfavorable. | | | $12,700 favorable. | Use the following data to find the direct labor efficiency variance. | | Direct labor standard (4.0 hrs.@ $ 7/hr.) | $28per finished unit | | Actual hours worked per unit | 3.5 hrs | | Actual units produced | 5,500 units | | Actual rate per hour | $7.25 | | | $22,000 favorable | | | $4,812 favorable | | | $22,000 unfavorable | | | $4,813 unfavorable | | | $19,250 favorable | Five Rings, Inc, has collected the following data on one of its products: | | Direct materials standard (3 lbs.@ $ .75/b.) | $2.25per finished unit | | Total direct materials cost variance unfavorable | $10,000 | | Actual direct materials used | 105,000 lbs | | Actual finished units produced | 21,000 units | | The actual cost of the direct materials used is: | | | $115,000 | | | $105,000 | | | $57,250 | | | $84,000 | | | $74,000 | Kermit Enterprises has collected the following data on one of its products: | | Direct materials standard (3 lbs.@ $0.75/b.) | $2per finished unit | | Total direct materials cost variance favorable | $7,650 | | Actual direct materials used | 155,550 lbs | | Actual finished units produced | 30,500 units | | The direct materials quantity variance is: | | | $65,194 unfavorable. | | | $38,150 unfavorable. | | | $57,544 favorable. | | | $65,194 favorable. | | Based on predicted production of 9,000 units, a company anticipates $91,000 of fixed costs and $90,000 of variable costs. The flexible budget amounts of fixed and variable costs for 7,800 units are: | | | $78,867 fixed and $90,000 variable. | | | $78,000 fixed and $91,000 variable. | | | $78,867 fixed and $78,000 variable. | | | $91,000 fixed and $78,000 variable. | | | $91,000 fixed and $90,000 variable. | | $38,150 favorable. | | | | Bradford Company budgeted 4,800 pounds of material costing $6.6 per pound to produce 2,400 units. The company actually used 12,500 pounds that cost $6.7 per pound to produce 2,400 units. | | What is the direct materials price variance? | | | $51,590 unfavorable | | | $480 unfavorable | | | $1,250 unfavorable | | | $51,110 unfavorable | | | $50,820 unfavorable | | |
