User Account

All Pages

Determine total direct materials cost variance for October

Assignment Help Accounting Basics
Reference no: EM132687098

Problem - Direct materials variances - MyTime, Inc., produces electronic timepieces. The company uses mini-LCD displays for its products. Each timepiece uses one display. The company produced 540 timepieces during October. However, due to LCD defects, the company actually used 570 LCD displays during October. Each display has a standard cost of $8.60. Five hundred seventy LCD displays were purchased for October production at a cost of $4,560.

Required - Determine the price variance, quantity variance, and total direct materials cost variance for October.

Reference no: EM132687098

Questions Cloud

Determine the standard direct materials cost per unit : Standard direct materials cost per unit from variance data - Determine the standard direct materials cost per unit of finished product
Find information needs to identify the customers : Find information needs to identify the customers? Nora wants to reward customers who spent a minimum of $500 at her store each month over the last six months
What factors should be considered to ensure that nurses work : How do hospitals ensure they are meeting the needs of vulnerable populations within the communities that they serve? What factors should be considered.
What if could not identify any threats : What would it imply if, while performing a SWOT analysis, an organization could not identify any opportunities? What if it could not identify any threats?
Determine total direct materials cost variance for October : Direct materials variances - Determine the price variance, quantity variance, and total direct materials cost variance for October
Discuss how ones assumptions about human behavior : Discuss how ones assumptions about human behavior, and various social, economic and political processes, may shape one's approach to research
Make a memo detailing the remittance responsibilities : Make a memo detailing the remittance responsibilities and legal consequences of non-compliance with statutory remittance requirements.
Create a nursing intervention for each of the adaptive modes : A 23-year-old male patient is admitted with a fracture of C6 and C7 that has resulted in quadriplegia. He was injured during a football game at the university.
Determine the price variance and quantity variance : The following data relate to the direct materials cost for the production of 2,000 automobile tires: Determine the price variance and quantity variance

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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