The Following Direct Materials Data Pertain to the Operations of Osborn

question 172

Essay

The following direct materials data pertain to the operations of Osborn Manufacturing Company for the month of December.
Standard materials price $4.00 per pound
Actual quantity of materials purchased and used 16,500 pounds
The standard cost card shows that a finished product contains 4 pounds of materials. The 16,500 pounds were purchased in December at a discount of 5% from the standard price. In December, 4,000 units of finished product were manufactured.
Instructions
Prepare a matrix for materials and calculate the materials variances.

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Definitions:

Gross Motor Skills

These are the abilities required to control the large muscles of the body for walking, jumping, balancing, and other physical activities.

Interpersonal Skills

Abilities and traits that facilitate effective communication and interaction with other people.

Roles

The expected behaviors, duties, and functions associated with a particular position or status within a group or society.

Manager

An individual responsible for directing and overseeing the work of a group of people in an organization.