Pack Rite manufactures backpacks. Its plant records include the following materials-related data:

$$\begin{array}{lr} \hline \text{Raw Materials Inventory, beginning balance} & \$ 31,000 \\ \text{Purchases of canvas, on account} & 65,000 \\ \text{Purchases of sewing machine lubricating oil, on account} & 1,000 \\ \text{Materials requisitions:} & 63,000 \\ \text{Canvas} & 400 \\ \text{Sewing machine lubricating oil} & \\ \hline \end{array}$$

Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.

What materials are typically used in solder?

Summarize the materials and features present on the surface of Mars.

The manager of a manufacturing firm received the following information related to the last period's direct materials and direct labor variances:

Direct materials price variance - Favorable

Direct materials quantity variance - Favorable

Direct labor rate variance - Unfavorable

Direct labor efficiency variance - Favorable

b. Given that the quality of direct materials purchased was exactly as expected, how would you explain the above combination of the four variances?

At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:

$$\begin{array}{lr} Direct materials & \$ 50,000 \\ Direct labor & \underline{36,000} \\ Total & \underline{\$ 86,000} \\ \end{array}$$

The standard materials price is $4.00 per pound. The standard direct labor rate is$ 18.00 per hour. At the end of June, the actual direct materials and direct labor costs.

There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 4,850 units during June. Determine the direct materials quantity and direct labor time variances.

What are the raw materials for cellular respiration?

Simba Company’s standard materials cost per unit of output is $10 (2 pounds 3$5). During July, the company purchases and uses 3,200 pounds of materials costing $16,192 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances.

You are a new accounting intern at Cookie Messages. Your boss gives you the following information:

$$\begin{array}{lr} \hline \text {Purchases of direct materials} & \$ 6,400\\ \text {Freight in} & 200 \\ \text {Property taxes} & 900 \\ \text {Ending inventory of direct materials} & 1,500 \\ \text {Beginning inventory of direct materials} & 4,000 \\ \hline \end{array}$$

Requirement

1. Compute direct materials used.

Why are ceramic materials not prepared by melting and casting?

Define: hemispheric defense zone, strategic materials.

The cost of direct materials transferred into the Rolling Department of Atlas Steel Company is $\$ 4,654,800$. The conversion cost for the period in the Rolling Department is $\$ 1,091,363$. The total equivalent units for direct materials and conversion are $86,200$ tons and $83,951$ tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

The cost of direct materials transferred into the Filling Department of Savannah Lotion Company is $13,300. The conversion cost for the period in the Filling Department is$3,100. The total equivalent units for direct materials and conversion are 38,000 ounces and 38,750 ounces, respectively. Compute the direct materials and conversion costs per equivalent unit.

Describe how rivers transport materials.

What type of magnetism is characteristic of most materials?