240. Degregorio Corporation makes a product that uses a material with the following direct
material standards:
Standard quantity 3.8 kilos per unit
Standard price $7.00 per kilo
The company produced 5,600 units in November using 21,750 kilos of the material. During the
month, the company purchased 24,800 kilos of the direct material at a total cost of $168,640. The
direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for November is:
241. Degregorio Corporation makes a product that uses a material with the following direct
material standards:
Standard quantity 3.8 kilos per unit
Standard price $7.00 per kilo
The company produced 5,600 units in November using 21,750 kilos of the material. During the
month, the company purchased 24,800 kilos of the direct material at a total cost of $168,640. The
direct materials purchases variance is computed when the materials are purchased.
The materials price variance for November is:
242. Canevari Corporation makes a product that uses a material with the following standards:
Standard quantity 3.0 kilos per unit
Standard price $2.00 per kilo
Standard cost $6.00 per unit
The company budgeted for production of 1,300 units in April, but actual production was 1,200
units. The company used 3,750 kilos of direct material to produce this output. The company
purchased 4,100 kilos of the direct material at a total cost of $8,610. The direct materials
purchases variance is computed when the materials are purchased.
The materials quantity variance for April is:
243. Canevari Corporation makes a product that uses a material with the following standards:
Standard quantity 3.0 kilos per unit
Standard price $2.00 per kilo
Standard cost $6.00 per unit
The company budgeted for production of 1,300 units in April, but actual production was 1,200
units. The company used 3,750 kilos of direct material to produce this output. The company
purchased 4,100 kilos of the direct material at a total cost of $8,610. The direct materials
purchases variance is computed when the materials are purchased.
The materials price variance for April is:
244. Blaster Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52,
which has a standard cost of $1.45 per unit. During May, the company purchased 12,000 units of
the part for a total of $18,000. Also during May, the company manufactured 3,000 radios, using
10,000 units of part XBEZ52. The direct materials purchases variance is computed when the
materials are purchased.
During May, the materials price variance for part XBEZ52 was:
245. Blaster Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52,
which has a standard cost of $1.45 per unit. During May, the company purchased 12,000 units of
the part for a total of $18,000. Also during May, the company manufactured 3,000 radios, using
10,000 units of part XBEZ52. The direct materials purchases variance is computed when the
materials are purchased.
During May, the materials quantity variance for part XBEZ52 was:
246. The following materials standards have been established for a particular product:
Standard quantity per unit of output 1.9 grams
Standard price $18.00 per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 5,800 grams
Actual cost of materials purchased $108,460
Actual materials used in production 5,200 grams
Actual output 2,700 units
The direct materials purchases variance is computed when the materials are purchased.
What is the materials price variance for the month?
247. The following materials standards have been established for a particular product:
Standard quantity per unit of output 1.9 grams
Standard price $18.00 per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 5,800 grams
Actual cost of materials purchased $108,460
Actual materials used in production 5,200 grams
Actual output 2,700 units
The direct materials purchases variance is computed when the materials are purchased.
What is the materials quantity variance for the month?
248. Imrie Corporation makes a product that uses a material with the quantity standard of 9.5
grams per unit of output and the price standard of $5.00 per gram. In January the company
produced 2,900 units using 26,940 grams of the direct material. During the month the company
purchased 28,900 grams of the direct material at $4.90 per gram. The direct materials purchases
variance is computed when the materials are purchased.
The materials quantity variance for January is:
249. Imrie Corporation makes a product that uses a material with the quantity standard of 9.5
grams per unit of output and the price standard of $5.00 per gram. In January the company
produced 2,900 units using 26,940 grams of the direct material. During the month the company
purchased 28,900 grams of the direct material at $4.90 per gram. The direct materials purchases
variance is computed when the materials are purchased.
The materials price variance for January is:
250. Melrose Corporation makes a product that uses a material with the following standards:
Standard quantity 8.4 pounds per unit
Standard price $6.00 per pound
Standard cost $50.40 per unit
The company budgeted for production of 5,800 units in September, but actual production was
5,900 units. The company used 50,210 pounds of direct material to produce this output. The
company purchased 55,100 pounds of the direct material at $5.80 per pound.
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for September is:
251. Melrose Corporation makes a product that uses a material with the following standards:
Standard quantity 8.4 pounds per unit
Standard price $6.00 per pound
Standard cost $50.40 per unit
The company budgeted for production of 5,800 units in September, but actual production was
5,900 units. The company used 50,210 pounds of direct material to produce this output. The
company purchased 55,100 pounds of the direct material at $5.80 per pound.
The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for September is:
252. Stench Foods Corporation uses a standard cost system to collect costs related to the
production of its garlic flavored yogurt. The garlic (materials) standards for each container of
yogurt produced are 0.8 ounces of crushed garlic at a standard cost of $2.30 per ounce.
During the month of June, Stench purchased 75,000 ounces of crushed garlic at a total cost of
$171,000. Stench used 64,000 of these ounces to produce 71,500 containers of yogurt.
The direct materials purchases variance is computed when the materials are purchased.
What is Stench’s materials price variance for June?
253. Stench Foods Corporation uses a standard cost system to collect costs related to the
production of its garlic flavored yogurt. The garlic (materials) standards for each container of
yogurt produced are 0.8 ounces of crushed garlic at a standard cost of $2.30 per ounce.
During the month of June, Stench purchased 75,000 ounces of crushed garlic at a total cost of
$171,000. Stench used 64,000 of these ounces to produce 71,500 containers of yogurt.
The direct materials purchases variance is computed when the materials are purchased.
What is Stench’s materials quantity variance for June?
254. Jackson Industries uses a standard cost system in which direct materials inventory is
carried at standard cost. Jackson has established the following standards for one unit of product.
Standard Quantity Standard Price or Rate Standard Cost
Direct materials 5 pounds $3.60 per pound $18.00
Direct labor 1.25 hours $12.00 per hour $15.00
During May, Jackson purchased 125,000 pounds of direct material at a total cost of $475,000.
The total factory wages for May were $364,000, 90 percent of which were for direct labor.
Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct
material and 28,000 direct labor-hours.
The price variance for the direct material acquired by Jackson Industries during May is:
255. Jackson Industries uses a standard cost system in which direct materials inventory is
carried at standard cost. Jackson has established the following standards for one unit of product.
Standard Quantity Standard Price or Rate Standard Cost
Direct materials 5 pounds $3.60 per pound $18.00
Direct labor 1.25 hours $12.00 per hour $15.00
During May, Jackson purchased 125,000 pounds of direct material at a total cost of $475,000.
The total factory wages for May were $364,000, 90 percent of which were for direct labor.
Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct
material and 28,000 direct labor-hours.
The materials quantity variance for May is:
256. Jackson Industries uses a standard cost system in which direct materials inventory is
carried at standard cost. Jackson has established the following standards for one unit of product.
Standard Quantity Standard Price or Rate Standard Cost
Direct materials 5 pounds $3.60 per pound $18.00
Direct labor 1.25 hours $12.00 per hour $15.00
During May, Jackson purchased 125,000 pounds of direct material at a total cost of $475,000.
The total factory wages for May were $364,000, 90 percent of which were for direct labor.
Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct
material and 28,000 direct labor-hours.
The labor rate variance for May is:
257. Jackson Industries uses a standard cost system in which direct materials inventory is
carried at standard cost. Jackson has established the following standards for one unit of product.
Standard Quantity Standard Price or Rate Standard Cost
Direct materials 5 pounds $3.60 per pound $18.00
Direct labor 1.25 hours $12.00 per hour $15.00
During May, Jackson purchased 125,000 pounds of direct material at a total cost of $475,000.
The total factory wages for May were $364,000, 90 percent of which were for direct labor.
Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct
material and 28,000 direct labor-hours.
The labor efficiency variance for May is:
258. The Collins Corporation uses standard costing and has established the following direct
material and direct labor standards for each unit of the single product it makes:
• Direct materials: 4 gallons at $8 per gallon
• Direct labor: 1 hour at $16 per hour
During July, the company made 6,000 units of product and incurred the following costs:
• Direct materials purchased: 26,800 gallons at $8.20 per gallon
• Direct materials used: 25,200 gallons
• Direct labor used: 5,600 hours at $15.30 per hour
The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for July was:
259. The Collins Corporation uses standard costing and has established the following direct
material and direct labor standards for each unit of the single product it makes:
• Direct materials: 4 gallons at $8 per gallon
• Direct labor: 1 hour at $16 per hour
During July, the company made 6,000 units of product and incurred the following costs:
• Direct materials purchased: 26,800 gallons at $8.20 per gallon
• Direct materials used: 25,200 gallons
• Direct labor used: 5,600 hours at $15.30 per hour
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for July was: