Direct materials price and quantity variances

Reference no: EM131136874

Direct Materials price and Quantity Variances

Natural Company produces organic twig brooms. Each broom calls for 1 pound of wood; the wood should cost $0.25 per pound. In July, the division manufactured and sold 500,000 brooms. During the month, it used 495,000 pounds of wood, and the total cost of the material was $128,700. Normal monthly capacity was set at 580,000 brooms. Calculate Natural's material price and quantity variances for wood for the month.

Reference no: EM131136874

Questions Cloud

Planning to implement a company-wide policy with respect : The organization is planning to implement a company-wide policy with respect to bereavement leave that provides the same benefits to all employees, regardless of their province of employment and length of employment. Prepare a memo for the Human ..

A floral supply company with employees : Identify four specific items relating to bereavement leave that will have to be addressed in the policy to ensure compliance with the employment/labour standards in each jurisdiction.

Company expect the cost to increase each year : A small sheet metal company has estimated that its fuel costs for the next 4 years will have a present worth of $70000. The company expects the cost next year to be $15000, after which time the cost will increase according to a uniform gradient. At a..

Creates a new set of animals : When a user creates a new set of animals, they need to be able to add an animal to the set. They should also be able to update and delete animals in the set. The organizer should only show one set of animals at a time

Direct materials price and quantity variances : Natural Company produces organic twig brooms. Each broom calls for 1 pound of wood; the wood should cost $0.25 per pound. In July, the division manufactured and sold 500,000 brooms. During the month, it used 495,000 pounds of wood, and the total c..

Perform brief SWOT analysis on the firm : Perform a brief SWOT analysis on the firm, product, or brand of your choosing. Your SWOT should consist of two factors each for Strengths, Weaknesses, Opportunities, and Threats. Provide a brief explanation of why you believe each of your factors is ..

Company with employees in the following jurisdictions : The organization is planning to implement a company-wide policy with respect to bereavement leave that provides the same benefits to all employees, regardless of their province of employment or their length of employment. As Payroll Supervisor, p..

Identify minimum of two additional network devices : What are some of the Security Basics when it comes to workstations and ways to secure Server environments - Identify a minimum of two additional Network Devices and ways to secure the devices?

Best known for its peacekeeping missions : The UN may be best known for its peacekeeping missions, but it also has many agencies that directly affect business. Choose a single trade transaction and describe the UN’s influence on it.

User Account

All Pages