Sitka Industries uses a cost system that carries direct materials inventory at a standard cost....
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Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (units)
Sitka Industries cost standards
Standard Quantity
Standard Price
Direct materials
1 pounds
$4.53 per pound
Direct labor
1.02 hours
$12.26 per hour
Sitka Industries made 2,719 ladders in July and used 8,466 pounds of material to make these units. Smith Industries bought 17,274 pounds of material in the current period. There was a $240 unfavorable direct materials price variance.
How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places.
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Standard Quantity
Standard Price
Direct materials
3 pounds
$4.04 per pound
Direct labor
2.81 hours
$11.24 per hour
Sitka Industries made 2,630 ladders in July and used 9,201 pounds of material to make these units. Smith Industries bought 16,810 pounds of material in the current period. There was a $286 unfavorable direct materials price variance.
What is the direct materials quantity variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a - dash not parentheses.
Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Standard Quantity
Standard Price
Direct materials
2 pounds
$5.69 per pound
Direct labor
3.85 hours
$14.02 per hour
Sitka Industries made 2,612 ladders in July and used 8,287 pounds of material to make these units. Smith Industries bought 15,781 pounds of material in the current period. There was a $209 unfavorable direct materials price variance.
What is the total direct materials cost variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a - dash not parentheses.
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