User Account

All Pages

Compute the materials quantity variance

Assignment Help Accounting Basics
Reference no: EM132282331

Question - Quantile Corporation has the following standards for its direct materials:

• Standard cost: $3.80 per pound.

• Standard quantity: 6.00 pounds per product.

During the most recent month, the company purchased and used 33,900 pounds of material in manufacturing 5,600 products, at a total cost of $131,900. Compute the materials quantity variance.

Reference no: EM132282331

Questions Cloud

Overestimate the power of behaviorism : Do you think the Neobehaviorists strayed too far from John Watson's original ideas or not? Did Watson overestimate the power of behaviorism?
Write a brief reflection about your experience : Write a brief (2 page) reflection about your experience (who was at the meeting/event, what was discussed, what were the dynamics in the room.
Compute the total materials variance : Standard quantity of materials: 6.40 feet per product. Actual total materials costs incurred: $24,600. Compute the total materials variance
What are some mental exercises : What are some mental exercises and skills to help keep your memory strong?
Compute the materials quantity variance : During the most recent month, the company purchased and used 33,900 pounds of material in manufacturing 5,600 products, Compute the materials quantity variance
How does the aging process affect memory : How does the aging process affect memory? How does stress add to aging?
Mental health professional : How comfortable would you feel about seeing a therapist for a personal problem if you could be assured that the therapist had graduated from an appropriate trai
Why is it important to integrate coordinated treatments : Why is it important to integrate coordinated treatments for comorbid/co-occurring disorders?
Develop a poison that would work for rats : If they get sick, they develop conditioned taste aversion to the food. How could you develop a poison that would work for rats and avoid conditioned

Reviews

Write a Review

Accounting Basics Questions & Answers

  How will victory affect operating income

Victory Company makes a special kind of racing tire. If Victory decides to upgrade, how will it affect operating income?

  What is the operating income generated by the special order

Harmony Forge manufactures saddles for show horses. What is the operating income generated by the special order

  Calculate the accumulated depreciation

calculate the accumulated depreciation at the end of year 3

  Determine what the balance of the allowance for doubtful

newbury bikes co. is a wholesaler of motorcycle supplies. an aging of the companys accounts receivable on december 31

  Calculate the amount that can be borrowed

Calculate the amount that can be borrowed under each of the following circumstances: A promise to pay $90,000 in seven years

  Increase in a current liability

A transaction that is likely to cause an increase in a current liability is: A. payment of accrued wages. B. accrual of interest expense.

  Compute the profit margin and asset turnover

Barr Company had total assets of $320,000 in 2008, Compute the profit margin, asset turnover, return on assets, and return on equity for 2009 and 2010

  What is the payback period for this project

What is the NPV of this project, if the discount rate is 8.6%? Should the firm accept this project?

  Prepare the firms annual report and spreadsheet

Find your companys spreadsheet by clicking on ‘Company Spreadsheet' in the top centre box on Moodle - Discuss with others, perhaps f2f, through our blogs, Facebook, Moodle forums or email about what you learnt about each other's firms.

  Effect of high inherent risk on the amount of audit

What is the effect of high inherent risk on the amount of audit work required? Answer the same question for high control risk and high acceptable audit risk.

  Show the firms net profit for the past year

Using accrual accounting and the preceding values, show the firms net profit for the past year. Which statements is more useful to the financial manager? Why

  Compute the cost of goods sold

The manufacturing operations of REason,inc had the following balances for the month of January: Compute the cost of goods sold.

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