User Account

All Pages

What was the materials quantity variance for the month

Assignment Help Financial Accounting
Reference no: EM132817444

Question - The following materials standards have been established for a particular product:

Standard quantity per unit of output 6.8 metres

Standard price $17.10 per metre

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 9,000 metres

Actual cost of materials purchased $156,600

Actual materials used in production 8,500 metres

Actual output 1,200 units

Required - What was the materials quantity variance for the month?

a. $5,814 unfavourable.

b. $5,916 unfavourable.

c. $8,550 unfavourable.

d. $8,700 unfavourable.

Reference no: EM132817444

Questions Cloud

What is the annual cost of current ordering policy : 1. What is the annual cost of their current ordering policy? 2. What is the order quantity that would minimize their annual cost?
How many of your shares of stock in ABC Co must you sell : You can borrow and lend funds at a 9%. How many of your shares of stock in ABC Co must you sell to offset the leverage that the firm is assuming
How can a medical practitioner distinguish between the two : At one time, Mr. Enson assumed he had ulcerative colitis (UC) because both his brother and sister have it. What is the difference between UC and Crohn disease?
Determine the dividends paid to a shareholder : A stock pays annual dividends of 0.33 per share. determine the dividends paid to a shareholder who has 1,200 shares of the company's stock.
What was the materials quantity variance for the month : The following data pertain to operations concerning the product for the last month: What was the materials quantity variance for the month
How much interest payment was paid : How much is the outstanding balance after the 6th periodic payment? How much interest payment was paid in the first 5 months
Discuss the nurse practice act in your state : Discuss the Nurse Practice Act in your state. How does the Nurse Practice Act affect your practice as a professional? As an individual? Give clear examples.
How much lemon drink should ina produce to maximize revenue : From the sales department, Ina knows that the lemon soft drink sells at 60 SEK/ton and the orange drink sells at 71 SEK/ton. (SEK = Swedish krona).
Calculate the broker commission : Calculate the broker's commission if your broker charges 3.6% of the total safe price. Determine your profits on the sale at all purchased stock?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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