Standard costing and variance analysis
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*
not completed
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The standard costing information for the clay used in large planters made by Bill and Ben is as follows:
Standard quantity of clay per large planter: 27 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total quantity of clay used in making 900 large planters in April: 25,200 kilograms
Actual price paid for clay for large planters in April: 65 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material total variance for clay used in large planters in April?
£540 unfavourable
correct
incorrect
£675 unfavourable
correct
incorrect
£1,260 unfavourable
correct
incorrect
£1,800 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in large planters made by Bill and Ben is as follows:
Standard quantity of clay per large planter: 27 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total quantity of clay used in making 900 large planters in April: 25,200 kilograms
Actual price paid for clay for large planters in April: 65 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material price variance for clay used in large planters in April?
£540 unfavourable
correct
incorrect
£585 unfavourable
correct
incorrect
£1,260 unfavourable
correct
incorrect
£1,800 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in large planters made by Bill and Ben is as follows:
Standard quantity of clay per large planter: 27 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total quantity of clay used in making 900 large planters in April: 25,200 kilograms
Actual price paid for clay for large planters in April: 65 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material usage variance for clay used in large planters in April?
£540 unfavourable
correct
incorrect
£585 unfavourable
correct
incorrect
£675 unfavourable
correct
incorrect
£1,260 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in medium planters made by Bill and Ben is as follows:
Standard quantity of clay per medium planter: 14 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total quantity of clay used in making 1,100 medium planters in April: 14,850 kilograms
Actual price paid for clay for medium planters in April: 70 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material total variance for clay used in medium planters in April?
£840 unfavourable
correct
incorrect
£1,155 unfavourable
correct
incorrect
£1,400 unfavourable
correct
incorrect
£1,995 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in medium planters made by Bill and Ben is as follows:
Standard quantity of clay per medium planter: 14 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total quantity of clay used in making 1,100 medium planters in April: 14,850 kilograms
Actual price paid for clay for medium planters in April: 70 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material price variance for clay used in medium planters in April?
£945 unfavourable
correct
incorrect
£1,050 unfavourable
correct
incorrect
£1,400 unfavourable
correct
incorrect
£1,485 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in medium planters made by Bill and Ben is as follows:
Standard quantity of clay per medium planter: 14 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total quantity of clay used in making 1,100 medium planters in April: 14,850 kilograms
Actual price paid for clay for medium planters in April: 70 pence per kilogram
Based on the above standard costing data and information on actual outcomes, what is the direct material usage variance for clay used in medium planters in April?
£510 favourable
correct
incorrect
£510 unfavourable
correct
incorrect
£330 favourable
correct
incorrect
£330 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in small planters made by Bill and Ben is as follows:
Standard quantity of clay per small planter: 8 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Quantity of clay used in making each small planter in April: 9 kilograms
Total price paid for clay for small planters in April: £6,786
Based on the above standard costing data and information on actual outcomes, what is the direct material total variance for clay used in small planters in April?
£234 unfavourable
correct
incorrect
£234 favourable
correct
incorrect
£546 unfavourable
correct
incorrect
£546 favourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in small planters made by Bill and Ben is as follows:
Standard quantity of clay per small planter: 8 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Quantity of clay used in making each small planter in April: 9 kilograms
Total price paid for clay for small planters in April: £6,786
Based on the above standard costing data and information on actual outcomes, what is the direct material price variance for clay used in small planters in April?
£234 favourable
correct
incorrect
£234 unfavourable
correct
incorrect
£546 favourable
correct
incorrect
£546 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the clay used in small planters made by Bill and Ben is as follows:
Standard quantity of clay per small planter: 8 kilograms
Standard cost of 1 kilogram of clay: £0.60
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Quantity of clay used in making each small planter in April: 9 kilograms
Total price paid for clay for small planters in April: £6,786
Based on the above standard costing data and information on actual outcomes, what is the direct material usage variance for clay used in small planters in April?
£780 favourable
correct
incorrect
£780 unfavourable
correct
incorrect
£1,860 favourable
correct
incorrect
£1,860 unfavourable
correct
incorrect
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