Question: Natural Company produces organic twig brooms Each broom calls for
Natural Company produces organic twig brooms. Each broom calls for 1 pound of wood; the wood should cost $0.25 per pound. In July, the division manufactured and sold 500,000 brooms. During the month, it used 495,000 pounds of wood, and the total cost of the material was $128,700. Normal monthly capacity was set at 580,000 brooms. Calculate Natural's material price and quantity variances for wood for the month.
Answer to relevant QuestionsLIFT Elevator Company manufactures small hydroelectric elevators. One of the direct materials used is heavy-duty carpeting for the floor of the elevator. The direct materials quantity standard for May was 6 square yards per ...ZMT Products’ controller gave the production manager a report containing the following information:The controller asked for a response. How would you respond? What additional information might you need to prepare ...Party Balloons Company produces mylar balloons. The company’s direct materials standards for its deluxe balloon include 3 ounces of mylar. Standard prices for the year were $0.030 per ounce. Direct labor standards for the ...Terry Correy, Pine Valley Spa’s president, is concerned about the spa’s operating performance during March. He budgeted his costs carefully so that he could reduce the annual membership fees. He now needs to evaluate ...Will Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by 35 percent, to $10 per ...
Post your question