What is the direct materials quantity variance

Assignment Help Managerial Accounting
Reference no: EM132203315

Benny Company budgeted 610 pounds of direct materials costing $18.00 per pound to make 8000 units of product. The company actually used 650 pounds of direct materials costing $30.00 per pound to make the 8000 units. What is the direct materials quantity variance?

Reference no: EM132203315

Questions Cloud

Investment projects using the project profitability index : The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.):
What is coach direct material quantity variance : Coach Industries reported the following results from its most recent quarter: Actual direct material used 16,550 Actual direct material cost per pound
What is the direct materials price variance : The company actually purchased 10,600 pounds of direct materials costing $27.50 per pound to make the 4900 units. What is the direct materials price variance?
What is the direct materials quantity variance : The company actually used 650 pounds of direct materials costing $30.00 per pound to make the 8000 units. What is the direct materials quantity variance
How much is the direct materials quantity variance : The standard quantity of direct materials for actual units produced is 16,200 pounds. How much is the direct materials quantity variance?
What is the total labor cost variance : The job consisted of 8,100 units and was completed in 37,500 hours at a total labor cost of $489,800. What is the total labor cost variance?
Net cash flow from financing activities : Considering only the above transactions, the net cash flow from financing activities on the statement of cash flows was:
Budgeted labor cost per unit of product : Yost company needs to prepare a direct labor budget for the second quarter. The budgeted labor cost per unit of product a is?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Are ordinary losses and extraordinary losses treated

Are ordinary losses and extraordinary losses treated alike in preparing a statement of cash flows? Explain.

  Setting selling prices

Discuss the issues that must be taken into consideration when setting selling prices, which is the usual reason given for the need to know the full cost.

  Determine teris monthly salary and commission rate per unit

During a year, Teri's monthly sales compensation ranged between $12,000 and $16,000 per month and units sold ranged between 1,600 and 2,400 units for those same months.

  Prepare the statement of stockholders equity

Prepare the statement of stockholders Equity in proper format in a Word document.

  What is the statement of cash flows

What is the statement of cash flows and briefly describe 3 types of business activities it classifies? Discuss two methods of presenting operating activities

  Determining the defense budget

Recognize tools for changing the budget and describe the process. Do you think this process is proper, or do you think it lets changes to be made without proper oversight?

  Prepare the income statement using absorption costing

Prepare the Income Statement using Absorption Costing - Prepare the Income Statement using Variable Costing

  1 using the data from the koko company determine the

1. using the data from the koko company determine the divisional income from operations for the a and b regions.nbspa

  What will be the company ending cash balance

Assuming that Little Louie's borrows to meet short-term cash needs and pays back as soon as surplus cash is available, what will be the company's ending cash balance after financing at the end of June?

  Evaluate original decision to acquire the automated machine

Re-compute the predetermined rate assuming that the new machine will be installed and explain why the new predetermined overhead rate is higher (or lower) than the rate that was originally estimated for the year 2014

  High low method missing amounts

Calculate the total cost that would be incurred for the production of 20,000 units. Identify the two key cost behavior assumptions made in the calculation of your answer to part C.

  Transfer price policy to implement

Oriole, Inc. is a large consumer Products Company, which manufactures health and beauty products sold at grocery and drug stores throughout the country. One division, PS, does both manufacturing and shipping and operates a warehouse and transportatio..

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