Calculate the direct materials price variance

Reference no: EM131441763

McNabb Corporation makes shoe polish. The standard direct materials quantity is .5 pounds per container at a cost of $2.25 per pound. The actual usage for the production of 33,000 containers was .55 pounds per cushion at an actual cost of $2.20 per pound. Calculate the direct materials price variance and the direct materials quantity variance.?

Reference no: EM131441763

Questions Cloud

Equilibrium interest rate and level of investment in economy : a) Derive an expression for private saving, a value for government saving, and an expression for national saving. (b) Calculate the equilibrium interest rate and level of investment in the economy. Illustrate in a diagram.

What is the expected return of portfolio of jacob : ou have invested 30 percent of your portfolio in Jacob, Inc., 40 percent in Bella Co., and 30 percent in Edward Resources. What is the expected return of your portfolio if Jacob, Bella, and Edward have expected returns of 0.08, 0.17, and 0.16, res..

State aggregate production function for caribbean economy : Using the above information, state the aggregate production function for the Caribbean economy. Determine year in which Caribbean economy would reach its Golden Rule steady state. Format your values to three decimal places.

What is the most amount of revenue : Then assume that the US enacts a quota of 2,000 units of imported sugar that raises the domestic price of sugar to $45. What is the most amount of revenue that the government can generate if it combines this quota with a licensing fee?

Calculate the direct materials price variance : McNabb Corporation makes shoe polish. The standard direct materials quantity is .5 pounds per container at a cost of $2.25 per pound. The actual usage for the production of 33,000 containers was .55 pounds per cushion at an actual cost of $2.20 per p..

Tension and conflict between departments : Summarize potential leadership challenges stemming from simulation and offering solutions based on the following potential conditions. Unsatisfactory R&D forecasting, Tension and conflict between departments, Lack of team across the organization, Res..

Describe and categorize the major types of firms : Describe and categorize the major types of firms (sole proprietorship, partnership & corporation) in the united states and the various advantages and disadvantages the of each. in addition, summarize the typical management structure of each busine..

Central banks to manage the money supply : What are the tools available to central banks to manage the money supply? What newer technique did the Federal Reserve and other central banks use once they reduced interest rates to near zero to further stimulate the economy?

Develop a change strategy using the ideas : Please consider the way in which a Project consultancy team works. On an individual basis, consider how team working might be improved and develop a change strategy using the ideas. Each presents a one-page summary of the strategy to the other team m..

User Account

All Pages