The following data relate to direct materials costs for February:

Materials cost per yard: standard, $1.96; actual, $2.03
Standard yards per unit: standard, 4.64 yards; actual, 5.18 yards
Units of production: 9,100

Don't use plagiarized sources. Get Your Custom Essay on
Just from $13/Page
Order Essay

Calculate the direct materials price variance.

a.$3,299.66 unfavorable

b.$637.00 unfavorable

c.$3,299.66 favorable

d.$2,955.68 favorable

A company’s Work in Process Inventory T-account follows.

The cost of goods manufactured is

a. $193,000. c. $185,000. e. $176,200.

b. $211,800. d. $144,600.

A new product is released in two medium-sized cities. The demands in Month 1 were 37 and 43 units and in Month 2 were 55 and 45 units. Which of the following is correct and most complete?

a. A first order regression forecast for Period 3 is 70 units.

b. One of the residuals is -2 and another one is 5.

c. A first order regression forecast for Period 3 is 60 units.

d. Trend analysis cannot involve regression analysis. e. All of the above are correct except (a).

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.