What is direct materials quantity variance for the month

Assignment Help Accounting Basics
Reference no: EM131769587

Problem - Trendy T's Corporation manufactures t- shirts, which is its only product. The standards for t - shirts are as follows:

  • Standard direct materials cost per yard - $9.00
  • Standard direct materials quantity per t - shirt (yards) - 2

During the month of May, the company produced 1,550 t- shirts. Related production data for the month follows:

  • Actual yards of direct material purchased - 1,200
  • Actual direct materials total cost - $20,800

Required - What is the direct materials quantity variance for the? month?

A. $17,100 favorable

B. $10,000 favorable

C. $17,100 unfavorable

D. $10,000 unfavorable

Reference no: EM131769587

Questions Cloud

Level of significance and state decision : The sample size is 50 of a mean of 32.5 ppm. Elaborate a hypothesis test at the level of significance and state your decision.
Evaluate a hypothesis test at the level of significance : Evaluate a hypothesis test at the level of significance (0.05) and state your decision.
What are the equations : Does the function y=f(x) = (800 / sqrt x) - 25 have a horizontal or vertical asymptote if so, what are the equations?
Horizontal or a vertical asymptote : Does the function, y=f(x)=3 / x^2 -x have either a horizontal or a vertical asymptote? If so, give the equations of the asymptotes.
What is direct materials quantity variance for the month : Trendy T's Corporation manufactures t- shirts, which is its only product. What is the direct materials quantity variance for the? month
What are the stresses and elliciency : A bailer 6 li in diameter carries steam at a pressure or $0 psi. The SA285. Grade B steel plates are 2 in thick, the SA325 steel bolts are 2 in in diameter.
What do we know about sammy : What do we know about Sammy, about his character and background - What's important about the bathing suits?Would the significance of the bathing suits change
What was the original bill prior to the tip : You do remember that the bill totaled $28.43 after adding a 15% tip for the waiter. What was the original bill prior to the tip?
What should a ceo do when a disaster strikes : What should a CEO do when a disaster strikes?How should a business determine to what extent of a disaster they should be planning for?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following accounts is a monetary item

which of the following accounts is a monetary item?

  Prepareany adjusting entries necessary on june 30 in order

on june 1the muntley company borrows 40000 from the bank by signing a180-day 6 interest-bearing

  Compare financial reporting needs of the resource providers

Compare the financial reporting needs of the resource providers of government/not-for-profit organizations to the financial reporting needs.

  Business processes are composed of three common

Business processes are composed of three common stages: an initial event, a beginning, and an end. For items a through h listed in Problem 47, identify the applicable initial event, beginning, and end of the process.

  Determine the correct amounts for ending inventory

Determine the correct amounts for 2019 ending inventory, purchases, accounts payable, sales revenue, and accounts receivable

  Explain what the shadow price means in maximization problem

Explain what the shadow price means in a maximization problem. Explain what this tells us from a management perspective

  Why are there two separate adjustments to income

Why are there two separate adjustments to income related to interest

  The net income of steinbach amp sons a department store

the net income of steinbach amp sons a department store decreased sharply during 2009. mort steinbach owner of the

  Prepare the journal entry under basis

On June 3, Arnold Company sold to Chester Company merchandise having a sale price of $4,100 with terms of 3/10, n/60, f.o.b. shipping point.

  Discuss credit sales may be expected to prove uncollectible

nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as

  Prepare a schedule translating the trial balance

Prepare a schedule translating the trial balance from Norwegian kroner into U.S. dollars.  Assume the kroner is the functional currency.

  Discuss the lower-of-cost-or-market rule

In groups of three or four, examine the financial statements of a well-known retailing business. You may obtain the financial statements you need from one.

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