Compute the materials quantity variance and materials price

Assignment Help Financial Accounting
Reference no: EM13509180

Harmon Household, Inc. manufactures a number of consumer items for general household use. During the recent month, the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood. The hardwood cost the company $18,700 when purchased. According to the standard cost card, each chopping block requires 2.5 board feet of hardwood, at a cost of $1.80 per board feet.

Required: Compute the materials quantity variance and materials price variance.

Reference no: EM13509180

Questions Cloud

Determine what the operating income should have been : Determine what the operating income should have been for the actual units sold.
What is the tangential acceleration of the discus thrower : A discus thrower (with arm length of 1.2 m) starts from rest and begins to rotate counterclockwise with an angular acceleration of 1.5rad/s2. What is the tangential acceleration of the discus thrower at this point
Prepare the company planning budget : Prepare a flexible budget performance report for the company using the actual income statement information shown below.
Estimate the constant angular acceleration of the centrifuge : A centrifuge in a medical laboratory rotates at an angular speed of 3750 rpm (revolutions per minute). Find the constant angular acceleration of the centrifuge
Compute the materials quantity variance and materials price : Harmon Household, Inc. manufactures a number of consumer items for general household use. During the recent month, the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood.
Give an example of a view on emp that would be impossible to : Give an example of a view on Emp that would be impossible to update (auto- atically) and explain why your example presents theupdate problem that it does.
Compute production cost per unit under variable costing : Determine the cost of ending inventory using absorption costing.
What is the value of the lorentz gamma factor : A muon is formed high in the Earth's atmosphere and travels at a speed 0.9 c with respect to the Earth. What is the value of the Lorentz gamma factor associated with the muon's motion
Determine the accounts receivable as of that date : Assume that the company will prepare a budgeted balance sheet as of September 30. Determine the accounts receivable as of that date.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what amount of equity income should deuce

On Deuce's December 31, 2012 balance sheet, what balance was reported for the Investment in Wiz Co. account? Illustrate what amount of equity income should Deuce have reported for 2012?

  How should matt treat sale of stock on his return

On Nov. 10, 2010, Matt purchased an addtional 1,000 shares of Orange Corporation stock from a friend for $150,000. On Sept, 15, 2011, Matt sold the 4,000 shares of stock for $120,000. How should Matt treat sale of stock on his 2011 return?

  Details regarding the inventory of appliances at january 1

details regarding the inventory of appliances at january 1 2010 purchases invoices during the year and the inventory

  What would be average fixed inspection cost per unit

What would be average fixed inspection cost per unit at an activity level of 6,600 units in a month? Assume that this level of activity is within the relevant range.

  Mr rosen is the manager of a division of jokkmok industries

mr. rosen is the manager of a division of jokkmok industries. he is one of several managers being considered for the

  Read headline health rates as top social issue would you

read headline health rates as top social issue. would you expect management to worry about attitudinal surveys such as

  Purpose an income statement for the first year

Preparation of Income statement from the given transactions - Purpose an income statement for the first year

  What role might decentralization play

Denny has assured Austin that the information is accurate and that the expenses are properly classified and Do you believe this situation is  more  likely or  less  likely to occur in larger v. smaller companies? What role might decentralization play..

  Calculate the total overhead to be allocated

Assuming that each activity's cost pool is allocated using a separate cost driver as indicated above, calculate the total overhead to be allocated to one unit of each product.

  Preparation of bank reconciliation statementthe bank

preparation of bank reconciliation statement.the bank statement for kaibab enterprises indicates a balance of 8509.00

  Question 1 karen is single and is an active participant in

question 1. karen is single and is an active participant in her employer retirement plan. she contributed 5500 the

  What should black report as its allowance for doubtful

Black estimates that 5% of accounts receivable will prove to be uncollectible. What should Black report as its Allowance for Doubtful Accounts at 12/31/12?

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!

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