Sizzle Company Uses a Standard Cost System to Collect Costs

question 156

Essay

Sizzle Company uses a standard cost system to collect costs related to the production of its "No-Stick" lawn chairs. The direct material for the chairs is teflon. Sizzle uses a standard direct material cost of $40.00 per chair (0.8 pounds of teflon × $50.00 per pound). During April, Sizzle purchased 2,100 pounds of teflon for $106,575. Sizzle used 1,750 pounds of this teflon in April to produce 1,800 lawn chairs.
Required:
Calculate Sizzle's materials price and materials quantity variances for April.

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Definitions:

Cyclopentane

A ring-shaped hydrocarbon with a molecular formula C5H10, characteristic of saturated cyclic compounds.

Pyridine

A basic nitrogen-containing heterocyclic compound, resembling benzene but with one CH group replaced by a nitrogen atom.

Thionyl Chloride

A reactive chemical compound used widely in organic synthesis to convert carboxylic acids into acyl chlorides.

Trans-4-methylcyclohexanol

An organic compound characterized by a cyclohexane ring with a methyl group and hydroxyl group in trans configuration relative to each other.