Solution-Discuss about the metal shelf company standard cost

Discuss about the metal shelf company standard cost

Assignment Help Accounting Basics

Reference no: EM131664285

Question: Metal Shelf Company's standard cost for raw materials is $4.00 per pound and it is expected that each metal shelf uses two pounds of material. During October Year 2, 25,000 pounds of materials are purchased from a new supplier for $97,000 and 13,000 shelves are produced using 27,000 pounds of materials. Which statement is a possible explanation concerning the direct materials variances?

a. The production department had to use more materials since the quality of the materials was inferior.

b. The purchasing manager paid more than expected for materials.

c. Production workers were more efficient than anticipated.

d. The overall materials variance is positive; no further analysis is necessary.

Reference no: EM131664285

Questions Cloud

Developing a series of experiments : The scientific method is a process of determining what natural phenomenon is to be studied and developing a series of experiments to determine what is occurring

Discuss about the effective supply chain management : Discuss effective supply chain strategies that were used by a company to positively impact organizational effectiveness and yield desirable results.

Compare and contrast the works of louis pasteur : Compare and contrast the works of Louis Pasteur and Robert Koch in terms of both applied and basic science

What is your conclusion regarding the research hypothesis : What is your conclusion regarding the research hypothesis? Remember to first decide whether this is a one-or two-tailed test

Discuss about the metal shelf company standard cost : Metal Shelf Company's standard cost for raw materials is $4.00 per pound and it is expected that each metal shelf uses two pounds of material.

Handing of the specimen and how the infectious agent : Describe the handing of the specimen and how the infectious agent, in this case a bacterial pathogen, is isolated from the sputum sample.

Describe the overall goal of a supply chain : How can an organization optimize supply chain management to improve results and remove obstacles? Support your answer with two current examples.

Identify three elements of the supply chain : State the performance improvement opportunity for each element, and indicate how it will improve process speed, quality, efficiency, and productivity.

Determining the microscopy techniques : How can you determine (without microscopy techniques) if a pure culture of bacteria in broth is contaminated with other bacteria?

User Account

All Pages

Discuss about the metal shelf company standard cost

Reference no: EM131664285

Reference no: EM131664285

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT