Standard Yands per Unit15 yards 4.75 vards 9 450 9 Calculate the Total Direct Ma

Question

Standard Yands per Unit15 yards 4.75 vards 9 450 9 Calculate the Total Direct Materials Price variance using the above inform a. $1.795.50 Favorable b. $378 Favorable c $1.795.50 Unfavorable d. $378 Unfavorable 10. Calculate the Total Direct Materials Quantity variance using the above i a. $2.929.50 Unfavorable b$2,929.50 Favorable c $4,725 Unfavorable d. $4,725 Favorable 11. Jasper, Inc. reports the following cost information for March: $74,1 18, ost of Goods Manufactured fanufacturing Overhead inished Goods Inventory, March1 2700 9800 1400 25,200 inished Goods Inventory, March 31 Vork-in-Process Inventory, March 1 Vork-in-Process Inventory, March 31 Direct Materials Used Vhat is the cost of goods sold for March? )$3100 $72,800 $75,400 $78,100

Explanation / Answer

Q-11) ........Cost of goods sold for the month of march

Cost of production (or) manufacture + Beginning FG - Ending FG

= 74100 + 4000 - 2700

= 75400...............final answer

Q - 8) Pre determined overhead rate = Estimated OH / Estimated machine hours = 1010,000 / 25000

= 40.40 per machine hour

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