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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.

 

 

 

 

 

 

 

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