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Calculate hanson direct-material price variance

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Reference no: EM132571925

Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound. Last week 1,700 pounds of material were purchased and used to make 1,000 Zippies. The material cost a total of $6,630.

Question 1: What is the actual price per pound paid for the material?

Question 2: What is the actual price per pound paid for the material?

Question 3: Calculate Hanson's direct-material price variance (MPV) for the week.

Question 4: What is Hanson's direct-material quantity variance (MQV) for the week?Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound. Last week 1,700 pounds of material were purchased and used to make 1,000 Zippies. The material cost a total of $6,630.

Question 5: What is the actual price per pound paid for the material?

Question 6: What is the actual price per pound paid for the material?

Question 7: Calculate Hanson's direct-material price variance (MPV) for the week.

Question 8: What is Hanson's direct-material quantity variance (MQV) for the week?

Reference no: EM132571925

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