User Account

All Pages

Calculate the material price variance

Assignment Help Cost Accounting
Reference no: EM132885153

Question - At Lawn, the standard price for the M640 electrical relay (a component used in the production of a commercial refrigeration unit) is $61. Standards call for 2.0 relays per unit of finished product. In July, the company purchased 152 relays for $8,968. The company used 104 relays in the production of 49 refrigeration units (4 relays were damaged in the installation process). Calculate the material price variance and the material quantity variance related to the M640 electrical relay. Indicate whether the variances are favorable or unfavorable.

Reference no: EM132885153

Questions Cloud

Calculate the initial carrying amount of the lease liability : Calculate the initial carrying amount of the lease liability and the right of use asset and provide the double entries needed to record the amounts
Explain the impact of size and structure on a firm ability : 1. Explain the impact of size and structure on a firm's ability to innovate and implement new technologies.
Christanity is theme of a letter from birmingham jail : What values does Dr. King embark upon in this letter. Persuade your audience that it is these values that serve as the purpose of this letter.
Calculate the lease liability at end of each financial year : Calculate the lease liability (split of non-current and current liability is required) at the end of each financial year 31 December 2016, 2017 and 2018
Calculate the material price variance : Calculate the material price variance and the material quantity variance related to the M640 electrical relay
What is the significance to employment law : What is the significance to Employment Law of equal pay for work of equal value
What type of traditional media would you target : What type of traditional media would you target? Make a list of ten newspapers and/or publications. How would you use social media?
Employment law of not-withstanding clause : What is the significance to Employment Law of not-withstanding clause?
Elements of an organizational culture : An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizat

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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