I need a quick answer to the below questions.

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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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