User Account

All Pages

What was the mno materials quantity variance for the year

Assignment Help Managerial Accounting
Reference no: EM132559047

Question 1: MNO produces a single product. The standard production requirement for each unit requires 2 kilograms of a single material at a standard cost of $4 per kilogram. During the last year, MNO purchased 10,000 kilograms of materials at total cost of $54,000. Also last year, MNO manufactured 3,000 units of product using a total of 7,500 kg. What was the MNO's materials quantity variance for the year?

a) nill

b) $6000 favourable

c) $4000 unfavourable

d) $6000 unfavourable

Reference no: EM132559047

Questions Cloud

Define connection between own past and present are you aware : The psychoanalytic approach emphasizes the importance of early childhood development and events. Do you find that current problems are mostly rooted.
Frequent itemset generation strategies : Explain the components and the use of the Mining Association Rules. List and Explain the three "Frequent Itemset Generation Strategies"?
Question - Financing Type Lease - Lessee : Question - Financing Type Lease - Lessee. Prepare the first three lines of the amortization table that would be used by both the lessee and the lessor
Terms of the other parameters of the model : Write down algebraic expressions for both E[I] and E[U] in terms of the other parameters of the model.
What was the mno materials quantity variance for the year : What was the MNO's materials quantity variance for the year? The standard production requirement for each unit requires 2 kilograms
Discuss the equal employment opportunity laws : Discuss some of the protected characteristics covered by equal employment opportunity laws and why they are important in today's employment setting.
CIS117-6 Digital, Microwave and Optical Communications : CIS117-6 Digital, Microwave and Optical Communications Assignment Help and Solution, Majan University College - Assessment Writing Service
Fictional drug for carpal tunnel syndrome : Recall our fictional drug for carpal tunnel syndrome called BHTn1, which was introduced in Section 12.1.
What was the mno materials purchase price variance : Last year, MNO manufactured 3,000 units of product using a total of 7,000 kg. What was the MNO's materials purchase price variance for the year?

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