Solution-Calculate the material usage variance

Calculate the material usage variance

Assignment Help Cost Accounting

Reference no: EM132953750

Question - For making 10 kg of yarn, the standard material requirement rates are: material quantity= 4kg Rate per kg= RS 3

In a month, 2000 kg of yarn was produced. The actual consumption of material is as under:

Material quantity= 700 kg

Rate per kg= RS. 4

(a) Calculate the material usage variance?

(B) Calculate the material price variance?

Reference no: EM132953750

Questions Cloud

Is better for organization to sell stocks or bonds and why : Is better for an organization to sell stocks or bonds? Does changing the organization you are thinking of influence your choice? How and why?

Role of human resources as a strategic change : In a role of human resources as a strategic change agent has increased over the years - There are strong links between common human resource practices

What the key features are for each type of cloud control : Research and identify where a small business could find information about cloud computing, how to implement a new cloud-based system.

Create consolidated statement of financial position : Create a consolidated statement of financial position as at December 31, Year 12. Craft Ltd. held 80% of the outstanding ordinary shares of Delta Corp.

Calculate the material usage variance : For making 10 kg of yarn, the standard material requirement rates are: material quantity= 4kg Rate per kg= RS 3. Calculate the material usage variance

Compute the net income allocated to each partner : Compute the net income (loss) allocated to each partner assuming the partnership incurred a $54,000 net loss

Explain the role of the financial manager : In addition, explain the functions of money. Find and provide a brief update to the instructor on how you feel you are doing so far this term.

What exchange ratio between the two stocks : What exchange ratio between the two stocks would make the value of a stock offer equivalent to the $1 billion cash offer? (Show your calculations)

What is the risk-free price : Assuming that the farmer has enough cash liquidity to fund any margin calls, what is the risk-free price that she can guarantee herself

User Account

All Pages

Calculate the material usage variance

Reference no: EM132953750

Reference no: EM132953750

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT