Solution-What the direct material price variance would be

What the direct material price variance would be

Assignment Help Managerial Accounting

Reference no: EM132529365

Question 1: Assume 26,000 gallons of direct material was purchased for $5.60 per gallon and 24,000 gallons were used. If the standard cost is $6.70 per gallon and variances are calculated at the earliest point possible, the direct material price variance would be:

Option 1: $28,600 U.

Option 2: $26,400 U.

Option 3: $2,200 F.

Option 4: $28,600 F.

Option 5: $26,400 F.

Reference no: EM132529365

Questions Cloud

Ethically correct for business to sell product : Do you believe that it is ethically correct for a business to sell a product that is defective and not be willing to provide a refund?

How does the performance of the stock market : How does the performance of the stock market over the last month compare to the performance of the 2008/9 financial crisis?

Estimate the direct labor rate variance is : Labor costing $319,000 were used to produce 10,900 units, and the direct labor standard is 2 hours at $14.80 per hour, the direct labor rate variance is

Find the associated normal form of game : Find the associated normal form of this game. If there are pure strategies that are Kuhn-equivalent, keep only one representative pure strategy

What the direct material price variance would be : If the standard cost is $6.70 per gallon and variances are calculated at the earliest point possible, the direct material price variance would be

Deal with the long-term future of entire organization : The text states that strategic decisions are (1) rare, (2) consequential, and (3) directive. These deal with the long-term future of the entire organization.

Demonstrate direct labor rate variance is : the direct labor standard is 2 hours per unit, actual direct labor cost $158,200, and standard direct labor rate is $11 per hour, direct labor rate variance is

Health care payers case study : Describe the payer systems mentioned in the case study. Explain how the market forces have influenced the need for integrated delivery systems.

What is the probability that more than 3 but less than 7 pol : Assume that 10 policies are randomly selected from the company policy database. out of the 10 randomly selected policies;

User Account

All Pages

What the direct material price variance would be

Reference no: EM132529365

Reference no: EM132529365

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT