Standard costing and variance analysis

Quiz Content

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 total variance for clay used in large planters in April?

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?

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?

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?

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?

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?

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?

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?

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?