Question :
41) Wilson’s Winter Woolens manufactures jackets and other wool clothing. : 1217242
41) Wilson’s Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following:
Direct materials standard2 square yards at $13.50 per yard
Direct manufacturing labor standard1.5 hours at $20.00 per hour
During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
Required:
a.Compute the direct materials price and efficiency variances for the quarter.
b.Compute the direct manufacturing labor price and efficiency variances for the quarter.
42) The following data for the Alma Company pertain to the production of 1,000 urns during August.
Direct Materials (all materials purchased were used):
Standard cost: $6.00 per pound of urn.
Total actual cost: $5,600.
Standard cost allowed for units produced was $6,000.
Materials efficiency variance was $120 unfavorable.
Direct Manufacturing Labor:
Standard cost is 2 urns per hour at $24.00 per hour.
Actual cost per hour was $24.50.
Labor efficiency variance was $336 favorable.
Required:
a.What is standard direct material amount per urn?
b.What is the direct material price variance?
c.What is the total actual cost of direct manufacturing labor?
d.What is the labor price variance for direct manufacturing labor?
43) The following data for the Lewgrow Garden Supplies Company pertains to the production of 2,500 garden spades during March. The spade consists of a wooden handle and a metal forged tool that comes in contact with the ground.
Direct Materials (all materials purchased were used):
Standard cost: $1.00 per handle and $3.50 per metal tool.
Total actual cost: $11,350.
Materials flexible-budget efficiency variance was $650 unfavorable.
Direct Manufacturing Labor:
Standard cost is 5 garden spades per hour at $20.00 per hour.
Actual cost per hour was $21.00.
Labor efficiency variance was $400 favorable.
Required:
a.What is the standard direct material amount per garden spade?
b.What is the standard cost allowed for all units produced?
c.What is the total direct materials flexible-budget variance?
d.What is the direct material flexible-budget price variance?
e.What is the total actual cost of direct manufacturing labor?
f.What is the labor price variance for direct manufacturing labor?
44) The following data for the telephone company pertain to the production of 450 rolls of telephone wire during June. Selected items are omitted because the costing records were lost in a windstorm.
Direct Materials (All materials purchased were used.)
Standard cost per roll: a pounds at $4.00 per pound.
Total actual cost: b pounds costing $9,600.
Standard cost allowed for units produced was $9,000.
Materials price variance: c .
Materials efficiency variance was $80 unfavorable.
Direct Manufacturing Labor
Standard cost is 3 hours per roll at $8.00 per hour.
Actual cost per hour was $8.25.
Total actual cost: d .
Labor price variance: e .
Labor efficiency variance was $400 unfavorable.
Required:
Compute the missing elements in the report represented by the lettered items.
45) Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:
Standard InputsStandard Cost
Categoryfor 1 outputper input
Direct Materials1.00$7.50
Direct Labor0.309.00
Direct Marketing0.503.00
Actual performance for the company is shown below:
Actual output: (in units)4,000
Direct Materials:
Materials costs$30,225
Input purchased and used3,900
Actual price per input$7.75
Direct Manufacturing Labor:
Labor costs$11,470
Labor-hours of input1,240
Actual price per hour$9.25
Direct Marketing Labor:
Labor costs$5,880
Labor-hours of input2,100
Actual price per hour$2.80
Required:
a.What is the combined total of the flexible-budget variances?
b.What is the price variance of the direct materials?
c.What is the price variance of the direct manufacturing labor and the direct marketing labor, respectively?
d.What is the efficiency variance for direct materials?
e.What are the efficiency variances for direct manufacturing labor and direct marketing labor, respectively?
