Calculate the direct materials price and quantity variances

Assignment Help Business Economics

Reference no: EM131203749

Thrope, Inc. purchased 1,900 pounds of direct material at a price of $1.30 per pound. The standard price of the material is $1.42 per pound. Thrope used 1,300 pounds in production while the standard pounds allowed for actual production was 1,100. Calculate the direct materials price and quantity variances and indicate whether the variances are favorable or unfavorable.

Reference no: EM131203749

Questions Cloud

Appropriate nominal interest rate : What's the future value of $2,500 after 10 years if the appropriate nominal interest rate is 8.75%, compounded quarterly? An investment promises the following cash flow stream: $3,500 at Time 0; $2,750 at the end of Year 1 (or at t = 1); $3,450 at t..

Using determinants solve for the mesh currents : Using the format approach, write the mesh equations for the networks of given figure. Is symmetry present?- Using determinants solve for the mesh currents.

Implemented an activity-based costing system : Jones Manufacturing Company makes two products. The company’s budget includes $486,680 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 21,160. Jones recently implemented an activity-based costin..

Effectiveness of treatment for sex offenders : Throughout this course, you will be working on a research project, in which you will use statistical techniques. You will also be using Microsoft Excel and PowerPoint to create charts and tables. In each of the Units I through VI, you will have an..

Calculate the direct materials price and quantity variances : Thrope, Inc. purchased 1,900 pounds of direct material at a price of $1.30 per pound. The standard price of the material is $1.42 per pound. Thrope used 1,300 pounds in production while the standard pounds allowed for actual production was 1,100. Cal..

Calculate the value of the test statistic : Calculate the value of the test statistic (2 decimal places). On the basis of this test, is it likely that the junior staff will receive the bonus? (Type yes/no)

Write the mesh equations for the networks of given figure : Using the format approach, write the mesh equations for the networks of given figure. - Using determinants, solve for the mesh currents.

Provide song that you think best reflect three civilizations : Provide 9 songs that you think best reflect three civilizations we been learning about so far, located in Mesopotamia / Egypt / India. Each civilization should have three songs that you think best reflect something within that civilization's hist..

Calculate standard cost for batch of peanut butter cookies : Danny’s Delights is a wholesale bakery. Danny makes a variety of baked goods which he sells to restaurants and grocery stores. His best-selling item is a peanut butter cookie. The recipe calls for 1 cup of peanut butter, 1 cup of sugar and 1 egg. The..

User Account

All Pages