User Account

All Pages

Compute materials price and efficiency variances

Assignment Help Accounting Basics
Reference no: EM131644724

Question - Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product:

Standard costs for one unit of output -

Alpha - 54 units of input at $ 12 

Beta - 108 units of input at $ 14.5             

The company had the following results in June:

Units of output produced 2,700 units Materials purchased and used

Alpha - 153,800 units at $ 11.3   

Beta - 283,600 units at $ 15.3

Required:

a. Compute materials price and efficiency variances.

b. Compute materials mix and yield variances.

Reference no: EM131644724

Questions Cloud

How much potassium does the model estimate : Cereals. For many people, breakfast cereal is an important source of fiber in their diets. Cereals also contain potassium, a mineral shown to be associated.
Accounting costs and economic costs : What is the difference between accounting costs and economic costs?
Number of bricklayers to increase production : The company is considering increasing the number of bricklayers to increase production. Does diminishing returns hold in this scenario?
Concepts of consumer surplus and producer surplus : 1. What is the difference between the concepts of consumer surplus and producer surplus.
Compute materials price and efficiency variances : Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. Compute materials mix and yield variances
What are the variables and units in the regression : Real estate. A random sample of records of sales of homes from Feb. 15 to Apr. 30, 1993, from the files maintained by the Albuquerque Board of Realtors.
Opportunity cost of attending the two-year : What is her opportunity cost of attending the two-year graduate program?
Define the literature for a qualitative research article : Conduct a search of the literature for a qualitative research article that would answer your qualitative research question
Conduct of the monetary policy : How has inflation targeting changed the conduct of the monetary policy?

Reviews

Write a Review

Accounting Basics Questions & Answers

  An earthquake caused 113000 in property damage to one of

selected information about income statement accounts for the reed company is presented below the companys fiscal year

  Damages for the lost business deal

Advise Tony who wishes to claim damages for the lost business deal, the cost of his taxi fare and the hotel booking.

  How many units of the new product must delphi sell

How many units of the new product must Delphi sell during the next fiscal year in order to break even on the product?

  Max corp has three main sources of external funding bonds

max corp. has three main sources of external funding bonds bank loans and common stock. the firms tax rate is 40.

  Alliance division has the following information for year

alliance division has the following information for year ended december 31 2009.assest 12800000revenues 8750000expenses

  During april the production department of a process

during april the production department of a process manufacturing system completed a number of units of a product and

  Susan sweets is a 40 percent shareholder in acclaim inc a

susan sweets is a 40 percent shareholder in acclaim inc. a theatrical supplies company. she transfers a fully

  Hernandez has not logged since 2001

Hernandez has not logged since 2001. If Hernandez logged and sold 900,000 board feet of timber in 2012, when the timber cruise (appraiser) estimated 5,000,000 board feet, determine the cost of timber sold related to depletion for 2012.

  Provide the entries the company will make

Provide the entries the company will make for the following transactions: Purchase of the patent on 1/1/2016

  Delphins marina is expected to pay an annual dividend of

delphins marina is expected to pay an annual dividend of 0.58 next year. the stock is selling for 8.53 a share and has

  Find out the tax periods and method

Imagine that you have always wanted to own a business and have now created a new start-up company.

  What other critical background information might you want

the following table contains calculations of several key ratios for indianola pharmaceutical company a maker of

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