Description of material price variance

Assignment Help Accounting Basics
Reference no: EM1364357

The Alperti Company manufactures surgical gowns for hospitals. Their controller, Ethell Hieken is preparing the variance analysis report for October. Standard Costs are as follows:

Direct Material 2.0 yards at $6 per yard
Direct Labor 0.25 hours at $12 per hour

During October, Ms Hieken's report shows:

100,000 gowns produced

175,000 yards of fabric purchased at a cost of $1,137,500

185,000 yards of fabric used

Employees worked 24,000 hours at a cost of $276,000

What is the material price variance?

Reference no: EM1364357

Determine philips taxable income

During the year, he earns gross revenues of $49,000 and incurs $6,000 of business expenses. His itemized deductions for the year are $7,000. Determine Philip's taxable incom

Achieving and maintaining individual excellence

Excellence is measured by an individual's performance. Individuals accomplish goals and experience successes in order to reach excellence. Human service excellence goes beyo

Watch without bonnie knowing of the theft

Ann took Bonnie's watch without Bonnie knowing of the theft. Bonnie subsequently discovered her loss and was informed that Ann had taken the watch. Bonnie immediately pursue

Cost of borrowing

a. Calculate the after-tax cost of debt, assuming the debt remains outstanding until maturity. b. Calculate the after-tax cost of debt, assuming investors put the bond back to

Comparison of organizational forms

Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the

Count the computer chip in gdp

A student remarks: "It doesn't make sense that intermediate goods are not counted in GDP. A computer chip is an intermediate good, and without it a PC won't work. So why don

Calculate the current price of the bonds

Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to ma

Different types of budgets and techniques

You are a manager in a fictitious company of your choice. Your director has asked you to explain to the department staff the different types of budgets and techniques in ord

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd