The following materials standards have been established for…

The following materials standards have been established for a particular product:Standard quantity per unit of output                                5.3 metersStandard price                                                               $17.20 per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchased                                             8,100 metersActual cost of materials purchased                          $141,345Actual materials used in production                               7,600 metersActual output                                                                    1,400 unitsWhat is the materials price variance for the month?

Amirault Manufacturing Corporation has a standard cost syste…

Amirault Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $4.00 per MH. During the month, the actual total variable manufacturing overhead was $18,040 and the actual level of activity for the period was 4,100 MHs. What was the variable overhead rate variance for the month?

The standard cost card for one unit of a finished product sh…

The standard cost card for one unit of a finished product shows the following:                                                      Standard Quantity or Hours           Standard Price or RateDirect materials                                              12 feet                                      $ ? per footDirect labor                                                    1.5 hours                                $ 12 per hourVariable manufacturing overhead               1.5 hours                                   $ 8 per hourIf the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is: