User Account

All Pages

Calculate the direct materials cost variance

Assignment Help Accounting Basics
Reference no: EM132971044

Question - Jackson, Inc is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.50 per pound. The actual result for one? month's production of 6,900 glasses was 1.1 pounds per? glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

Reference no: EM132971044

Questions Cloud

What would the net income be : Before any adjustments related to these trading securities, the entity had net income of P900,000. What would the net income be
What are some of the marketing environment challenges : What are some of the marketing environment challenges for Shoppers Drug Mart in collecting marketing information
How much would she need to invest today : Her bank is paying 0.625% per month, how much would she need to invest today to meet her objective
How much is ariel direct labor and direct materials : Ariel Corp. manufactures plastic coated metal clips. During the year, how much is Ariel's direct labor and direct materials, respectively
Calculate the direct materials cost variance : The standard direct materials quantity is 0.7 pound per glass at a cost of $0.50 per pound. Calculate the direct materials cost variance
What type of agency costs might occur : Suppose your company raises funds from outside lenders. What type of agency costs might occur? How might lenders mitigate the agency costs
What will be the distribution to barr : Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively. What will be the distribution to Barr
What should you investigate before making a decision : As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. What should you investigate before making a decision
Compute the standard cost per candle for direct materials : Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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