+1-415-670-9189
info@expertsmind.com
Electric zero produces relay units for generators
Course:- Managerial Accounting
Reference No.:- EM131026982





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Managerial Accounting

Electric Zero produces relay units for generators. Each relay has a standard material cost of $67. Standards call for two relays per generator. In July, the company purchased 120 relays for $7,560. The company used 104 relays in the production of 50 generators, with 4 relays damaged in the installation process. The standard quantity of labor is 20 hours per generator, with a standard wage rate of $23. The company incurred 1,020 labor hours at a cost of $22,950. How much is the material quantity variance?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Managerial Accounting) Materials
What is the internal rate of return of the investment, assuming an inflation rate of 4 percent applicable to labor and costs other than depreciation? Should the company make t
List and describe the four perspectives of the Balanced Scorecard and what steps would you encourage him or her to take in order to successfully implement and use the Scorecar
You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is trying to decide which outlet of two alternatives to o
Assuming that the company uses the direct method rather than the step-down method to allocate service department costs, how much cost would be assigned to each operating depar
The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's man
Summarize the net present value method for evaluating a capital investment opportunity.  Hypothesize the circumstances that create a positive net present value.  Hypothesize t
What is your estimate of the current "contribution margins" for the three products. Show your calculations and explain them and how much higher or lower would the reported net
This equation indicates that last month's sales and the current month's price are explanatory variables. The last term, et, is an error term - If the price of a portrait dur