For each multiple-choice question, select the ehuit Use the following informatio

Question

For each multiple-choice question, select the ehuit Use the following information about Brandt Co. to answer questions 23 through 26, and for written-response question 32 Brandt Co.has the following standard material and labor quantities and costs per unit of Product R2D2: Standard material quantity in pounds per production unit Standard material cost in dollars per pound Standard labor hours per production unit Standard labor rate in dollars per hour 1.62 pounds 3.30 0.10 hours 12.00 d. In During July, the company purchased 100,600 pounds of material at $3.20 per poun July, the company produced 50,000 units of Product R2D2 with the following material and labor usage: Actual material usage in pounds Actual total labor hours Actual labor rate in dollars per hour 86,310 pounds 5,400 hours $12.25 I S Answers are rounded to the nearest dollar. Variances are either favorable (F) or unfavorable (U). Refer to Brandt Company. What is the material price variance (calculated at point of purchase)1? a. $16,992 U b. $10,060 F C $8,631 d. $8,892 U 23. 24. Refer to Brandt Company. What is the material quantity variance? a. $17,523 U b. $8,100 U C. $8,100 d. $8,892 F

Explanation / Answer

Standard Actual Particulars Pounds Rate amount Pounds Rate amount Materials                81,000.00                        3.30         267,300.00         100,600.00                      3.20         321,920.00 Actual output                50,000.00 Materials reqd (50000*1.62)                81,000.00 Q23 B 10,060 f DMPV = (SP-AP)*AQ purchased DMPV = (3.30 - 3.20) 100600 DMPV = 10,060 F Q24 a)17523 U DMQV= (SQ-AQ used)SP DMQV= (81000 - 86310)3.30 DMQV= 17,523 U

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.