What is direct materials quantity variance for the month

Assignment Help Accounting Basics
Reference no: EM131769587

Problem - Trendy T's Corporation manufactures t- shirts, which is its only product. The standards for t - shirts are as follows:

  • Standard direct materials cost per yard - $9.00
  • Standard direct materials quantity per t - shirt (yards) - 2

During the month of May, the company produced 1,550 t- shirts. Related production data for the month follows:

  • Actual yards of direct material purchased - 1,200
  • Actual direct materials total cost - $20,800

Required - What is the direct materials quantity variance for the? month?

A. $17,100 favorable

B. $10,000 favorable

C. $17,100 unfavorable

D. $10,000 unfavorable

Reference no: EM131769587

Questions Cloud

Level of significance and state decision : The sample size is 50 of a mean of 32.5 ppm. Elaborate a hypothesis test at the level of significance and state your decision.
Evaluate a hypothesis test at the level of significance : Evaluate a hypothesis test at the level of significance (0.05) and state your decision.
What are the equations : Does the function y=f(x) = (800 / sqrt x) - 25 have a horizontal or vertical asymptote if so, what are the equations?
Horizontal or a vertical asymptote : Does the function, y=f(x)=3 / x^2 -x have either a horizontal or a vertical asymptote? If so, give the equations of the asymptotes.
What is direct materials quantity variance for the month : Trendy T's Corporation manufactures t- shirts, which is its only product. What is the direct materials quantity variance for the? month
What are the stresses and elliciency : A bailer 6 li in diameter carries steam at a pressure or $0 psi. The SA285. Grade B steel plates are 2 in thick, the SA325 steel bolts are 2 in in diameter.
What do we know about sammy : What do we know about Sammy, about his character and background - What's important about the bathing suits?Would the significance of the bathing suits change
What was the original bill prior to the tip : You do remember that the bill totaled $28.43 after adding a 15% tip for the waiter. What was the original bill prior to the tip?
What should a ceo do when a disaster strikes : What should a CEO do when a disaster strikes?How should a business determine to what extent of a disaster they should be planning for?

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.

  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!

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