Material & labour variances, accounting, Basic Statistics

Assignment Help:
standard material qty per unit- 2 kg
standard price per kg - 4 rs
actual value of material purchased- 4000 rs
closing stock- 200 kg
actual usage- 2.5 kg
finished stock sold- 200 units
closing stock of finished goods- 40 units
find material cost variance?

Related Discussions:- Material & labour variances, accounting

Calculate the lower and upper control limits, Question: Data entry cler...

Question: Data entry clerks at ARCO key in thousands of insurance records each day.  They have just completed a new training program and want to establish a control chart based

Probability assessments, According to a weather forecaster's subjective pro...

According to a weather forecaster's subjective probability assessments, the probability of record-breaking rain during this year in Jamshedpur is 0.01 . However, if Ranchi has a r

What is owner’s equity, What is owner’s equity? Owner’s value is on...

What is owner’s equity? Owner’s value is one of the three primary elements of a single proprietorship’s stability piece and bookkeeping situation. Owner’s value symbolizes

Statistical inference is that branch of statistics, Statistical inference i...

Statistical inference is that branch of statistics Statistical inference is that branch of statistics which is concerned with using probability concept to deal with uncertainty

Calculate a confidence interval for the population, A Shoe manufacturing co...

A Shoe manufacturing company designs a new shoe (Brand A) and it wanted to compare its fit with that of the leading brands in the market Nike and Reebok. 27 Customers were asked to

Construct simulation model-estimate the probability, CBT has agreed to fina...

CBT has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 day

Interpret predictability and behaviou, Shafts are cut to length by two mach...

Shafts are cut to length by two machines, A and B. Each machine cuts 50 percent of all shafts in approximately the same amount of time. Machine A's shafts are all good, but Machine

.., what is probabality

what is probabality

Help with homework, 1. Penny Pincher, Inc. had a contribution margin of $33...

1. Penny Pincher, Inc. had a contribution margin of $33,000 on sales of $50,000 and had fixed costs of $18,000. Calculate its break-even point in sales dollars. 2. Krueger Company

Stats, 1. A search engine site claims that, on average, one out of five vis...

1. A search engine site claims that, on average, one out of five visitors clicks on an ad. (a) If 8 users visit the site, what is the probability that at least three click on an a

Write Your Message!

Captcha
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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd