Roberts Company
Roberts Company Has the Following Information Available for the Current

question 96

Essay

Roberts Company
Roberts Company has the following information available for the current year:
Standard:
Material           $4.25$ feet per unit @ $\$ 2.75$ per foot
Labor                7direct labor hours@ $\$9.25$ per unit

Actual:
Material               128,000 feet used(130,000 feet purchased @ $\$ 2.80$ per foot
Labor                    212,000 chrect labor hours incurred @ $\$ 9.30$ per hour
                              30,000 units were produced.

Refer to Roberts Company.Compute the material purchase price and quantity variances.

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Definitions:

Customer Input

Feedback or information provided by customers regarding their preferences, experiences, or expectations about a product or service.

Dollar Fill Rate

A metric in supply chain management that measures the value of goods received by a customer against the total value of the order placed.

Item Fill Rate

A supply chain metric that measures the percentage of customer or production orders satisfied from stock at hand.

Firm's Flexibility

The ability of a business to adapt quickly and efficiently to changes in the market environment, customer demands, or production needs.