Solution-What was the materials price variance for July

What was the materials price variance for July

Assignment Help Managerial Accounting

Reference no: EM132778681

Question - The Porter Company has a standard cost system. In July, the company purchased 22,500 kilograms of direct material at an actual cost of $52,000. 21,000 kilograms were used in producing 50 units of finished goods. The DM price standard is $2.50 per kilogram and the DM quantity standard is 435 kilograms. What was the materials price variance for July?

a. $4,250 unfavourable.

b. $3,250 unfavourable.

c. $3,250 favourable.

d. $4,250 favourable.

Reference no: EM132778681

Questions Cloud

Compute monthly net benefit of making the components : The corporate overhead allocation is based on 16.0% of the direct materials charge. Compute monthly net benefit of making the components

Legal and procedural history : Legal and Procedural History: What is the history of the selected case? What prior courts heard the case? What were the rulings of the involved prior courts?

The affordable health care act : Analyze the Federal court decisions in regards to the Affordable Health Care Act.

What is the amount of conversion cost : Beginning Balance of finished goods account including P12,000 conversion cost 20,000. What is the amount of conversion cost included cost of goods sold in June

What was the materials price variance for July : The DM price standard is $2.50 per kilogram and the DM quantity standard is 435 kilograms. What was the materials price variance for July

How to determine the corporation taxable income : The firm sold stock that had been owned for 2 years for $40,000; the original cost of the stock was $30,000. How to determine the corporation's taxable income

What is Jonathan Crowley portfolio alpha : The market risk premium for this period of time was 7% and the risk-free rate of return was 3%. What is Jonathan Crowley portfolio alpha

What is total stockholders equity as of December : A company reported total stockholders' equity of $170,000 on its balance sheet dated December 31, 2018. What is total stockholders equity as of December

What option should management pick : TASK: Compare each alternative by calculating the annual rate of interest for each. What option should management pick

User Account

All Pages

What was the materials price variance for July

Reference no: EM132778681

Reference no: EM132778681

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