User Account

All Pages

What is the direct material usage variance

Assignment Help Managerial Accounting
Reference no: EM133008487

Problem - The following information is for Euclid Corporation:

Direct Materials (measured in pounds)

Standard price per unit of input $25

Actual price per unit of input $24

Standard inputs per unit of output 3 pounds

Actual units of input 8,300 pounds

Actual units of output 2,770 units

Required - What is the direct material usage variance?

Reference no: EM133008487

Questions Cloud

Prepare journal records for bond issuance : Prepare journal records for bond issuance. Winterland Corporation issued bonds totaling $ 300,000.00 for 10 years, at 8% and 98.
What type of organisational policy would be applicable : What type of organisational policy would be applicable to deal with the following workplace scenario and why?
What will be the impact on the company reporting : What will be the impact on the company's 20X7 reporting? Prepare a journal entry to correct the error at the end of 20X7, if needed.
Creation of a standby army of peacemaking forces : - The former UN Secretary General Boutros Boutros-Ghali proposed (without success) the creation of a standby army of peacemaking forces loaned by member states
What is the direct material usage variance : The following information is for Euclid Corporation: Standard inputs per unit of output 3 pounds. What is the direct material usage variance
What is the fair value less costs of disposal of the machine : In accordance with the requirements of IAS 36 Impairment of Assets, what is the fair value less costs of disposal of the machine?
Common methods for gathering data and evidence in health : Discuss what solutions through Healthcare and Science Research regarding staff shortages. What are the common methods for gathering data and evidence in health
How each item would be reported on imposing ltd : How each item would be reported on Imposing Ltd's 20X7 SFP and/ or Statement of changes in equity.U.S. deposit account held in a New York Bank.
Analyse the organisational culture of comair : Critically analyse the organisational culture of Comair and indicate whether it facilitates effective strategic alignment and implementation at Comair or not

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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