I Need Quick Answer Below Questions

1.)

 

Java Gourmet Coffee

Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),

Actual:

  Direct Materials:  Quantity of coffee beans:210,000 pounds Cost per pound:$0.55 per pound    Direct Labor:  Direct labor rate:$19.00 per hour Labor hours used:11,000 hours    Variable Overhead:  Actual costs:$21,000   

Standard:

  Direct Materials:  Quantity of coffee beans:200,000 pounds Cost per pound:$0.50 per pound    Direct Labor:  Direct labor rate:$20.00 per hour Labor hours to be used:0.05 hours per pound    Variable overhead:$.10 per pound   

Refer to Java Gourmet Coffee. Calculate the total direct materials variance.

 

 

2.)

 

Java Gourmet Coffee

Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),

Actual:

  Direct Materials:  Quantity of coffee beans:210,000 pounds Cost per pound:$0.55 per pound    Direct Labor:  Direct labor rate:$19.00 per hour Labor hours used:11,000 hours    Variable Overhead:  Actual costs:$21,000   

Standard:

  Direct Materials:  Quantity of coffee beans:200,000 pounds Cost per pound:$0.50 per pound    Direct Labor:  Direct labor rate:$20.00 per hour Labor hours to be used:0.05 hours per pound    Variable overhead:$.10 per pound   

Refer to Java Gourmet Coffee. Calculate the direct materials price variance.

 

3.)

 

Java Gourmet Coffee

Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),

Actual:

  Direct Materials:  Quantity of coffee beans:210,000 pounds Cost per pound:$0.55 per pound    Direct Labor:  Direct labor rate:$19.00 per hour Labor hours used:11,000 hours    Variable Overhead:  Actual costs:$21,000   

Standard:

  Direct Materials:  Quantity of coffee beans:200,000 pounds Cost per pound:$0.50 per pound    Direct Labor:  Direct labor rate:$20.00 per hour Labor hours to be used:0.05 hours per pound    Variable overhead:$.10 per pound   

Refer to Java Gourmet Coffee. Calculate the direct materials efficiency variance.

 

 

 

 

 

 

 

Answer

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