Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output. Direct materials standard (6 pounds @ $2/pound) $ 12 per finished unitActual direct materials used 251,000 poundsActual finished units produced 31,000 unitsActual cost of direct materials used $ 251,000

Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (.50 hours @ $13.30/hour) $ 6.65 per finished unitActual direct labor hours 85,600 hoursActual finished units produced 171,100 unitsActual cost of direct labor $ 1,153,815

The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,000 pounds at $4.55 per poundActual direct labor used 17,635 hours at $29 per hourActual units produced 32,000Standard quantity and price per unit for direct materials 0.50 pound at $4.50 per poundStandard quantity and rate per unit for direct labor 0.50 hour at $30 per hourAR = Actual RateSR = Standard RateAQ = Actual QuantitySQ = Standard QuantityAP = Actual PriceSP = Standard Price (1) Compute the direct materials price and quantity variances.

ABC Company has set the following standards for one unit of product: Direct materials: 0.5 pounds @ $1.00 per pound; Direct labor: 1 hour @ $10.00 per hour. The company produced 35,000 units and had the following actual costs: Direct materials: 18,000 pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,400. Compute the direct materials quantity variance.Multiple choice question.$500 F$500 U$720 F$720 U

Projected sales for Tony Co. Ltd for next year and beginning and ending inventory data are as follows: Sales20,000 units Beginning Inventory1,000 units Targeted ending inventory5,000 units The selling price is $15 per unit.   Each unit requires 3 kilograms of material which costs $2 per kg.   The beginning inventory of raw materials is 3,000 kg.   The company wants to have 2,400 kg of material in inventory at the end of the year. According to the production budget, how many units should be produced?:Question 9Select one:a. 16,000b.20,000c.21,000d.24,000

Flexer Company Ltd has set the following standards for the production of one unit of product. Normal production each month is 500 units.Direct Material 8 kg at $6.50 per kg $52Direct Labour 4 hours at $7.00 per hour $28 During June, actual production amounted to 420 units. All direct material was purchased and used this month. Actual cost amounted to:Direct Material 3,500 kg $21,875Direct Labour 1,720 hours $12,212 Determine the direct material efficiency variance (quantity variance) for June production.