Multiple Choice Question 47 Bramble Corp. expects direct materials cost of $7 pe
ID: 2523845 • Letter: M
Question
Multiple Choice Question 47
Bramble Corp. expects direct materials cost of $7 per unit for 100000 units (a total of $700000 of direct materials costs). Bramble’s standard direct materials cost and budgeted direct materials cost is
Standard Budgeted
$700000 per year $700000 per year
$7 per unit $7 per unit
$700000 per year $7 per unit
$7 per unit
$700000 per year
Multiple Choice Question 66
The direct labor quantity standard is sometimes called the direct labor
volume standard.
effectiveness standard.
efficiency standard.
quality standard.
ultiple Choice Question 81
Crane Company planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per yard. The company actually made 4100 units, although it had planned to make only 3300 units. Total yards used for production were 4160. How much is the total materials variance?
$1300 U
$7280 U
$4160 F
$72800 U
Explanation / Answer
Multiple Choice Question 47
Standard refers to per unit cost and Budget refers to total cost.
The answer is - $7 per unit $700,000 per year.
Multiple Choice Question 66
The direct labor quantity standard is sometimes called the direct labor efficiency variance which is standard hours allowed vs. actual hours allowed.
The answer is - Efficiency variance.
Multiple Choice Question 81
Total materials variance = (actual quantity * actual price) - (standard quantity * standard price)
= (4,160 * 90) - [(4,100*1) * 91]
= 374,400 - 373,100
The answer is = 1,300 U
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.