Product GX consists of a mix of three materials J, K and L. The standards material cost
Question:
Product GX consists of a mix of three materials J, K and L. The standards material cost of a unit of GX is as follows:
During March, 3,000 units of GX were produced and actual usage was:
What was the materials yield variance for March?
(a) $6,800 favourable
(b) $6,800 adverse
(c) $1,000 favourable
(d) $1,000 adverse
Transcribed Image Text:
Material J Material K Material L 5kg at $4 per kg 2kg at $12 per kg 3kg at $8 per kg ($) 20 24 24
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To calculate the materials yield variance for March we need to compare the actual usage of materia...View the full answer
Answered By
Teresa ochieng
I have had several years of experience working as a tutor, both in person and online. I have worked with students of all ages and abilities, and have consistently received positive feedback from students and their parents.
As a tutor, I have honed my skills in breaking down complex concepts and explaining them in a way that is easily understood by my students. I am patient and understanding, and I am always willing to go the extra mile to help my students succeed.
I have a strong track record of helping my students improve their grades and test scores, and I have a passion for helping students reach their full potential. I have experience tutoring a wide range of subjects, including math, science, English, and history, and I am comfortable working with students at all levels.
Overall, I believe that my hands-on experience and proficiency as a tutor make me an excellent candidate for the SolutionInn Online Tutoring Platform. I am confident that I can provide valuable support and guidance to students who are looking to improve their academic performance.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Safe Soap Co makes environmentally-friendly soap using three basic ingredients. The standard cost card for one batch of soap for the month of September was as follows: The budget for production...
-
Campar Industries, Inc., was a multidivisional firm whose several divisions competed in different countries. This case deals with variance analysis problems in several of the divisions. ALPHA...
-
What are sources of conflict? Think of an organization you are familiar with such as a local restaurant or supermarket store (or other) and discuss the way it operates: 1. Identify how...
-
Consider a situation wherein an exploration vehicle that has a mass of 250 kilogram on Earth ( gravityEarth = 9.8 m/s ) is sent to the Moon and planet Mars to explore their surfaces. What is the mass...
-
What does the sign (positive/negative) of the income elasticity tell us about a good?
-
If a companys target market consists of price-conscious consumers, then the firm is more likely to use slower modes of transportation. Discuss why this is so.
-
The point surrounded by closed trajectories is called a a. center b. mid-point c. focal point
-
Planned Pethood Plus, Inc., is a veterinarian-owned clinic. It borrowed $389,000 from KeyBank at an interest rate of 9.3 percent per year for ten years. The loan had a prepayment penalty clause that...
-
Given the below objectives. Formulate the following giving more details referring to the literature Background of the research Research gap Problem statement Research objectives; To investigate the...
-
What is the relationship between a table of Movies and a table of ActorsActresses and how might it be implemented in a relational database?
-
A company uses marginal costing. The following variances occurred in the last period when the actual net profit was $40,000. Materials ................................................... $900 adverse...
-
A companys operating costs are 60 per cent variable and 40 per cent fixed. Which of the following variances values would change if the company switched from standard marginal costing to standard...
-
Think about a recent job for which you applied but werent offered a position. If you received a generic or template rejection, write something more specific and personal. Even if you werent the best...
-
How to calculate the 5yr returns? BOND Shares National Munt Bond Schwab US TIPS Vanguard Emerg Met Bond Blackrock ESG Bond Shares 1-3 Year Treasury BOND TOTAL MUB SCHF SOMA BIAAX SHY [$117.05]]...
-
For each transaction, indicate in which journal it should be recorded. Sales Journal Cash Receipts Journal Purchases Journal Cash Payments Journal General Journal Returned products to a supplier....
-
Problem 23: The Income Statement of Enteng Repair Shop on December 31, 2030 is shown below: Revenue: Service Revenue. Expenses: Rent expense Utilities expense Supplies expense Gas expense...
-
What is the balance of the assets financed by finance leases as of the end of the current year? (10-K) kroger 2022-2021 What is the present value of total lease liabilities (both current and...
-
Carla Vista Corporation had the following transactions. Sold land (cost $11,500) for $15,500. Issued common stock at par for $20,000. Recorded depreciation on buildings for $16.500. Paid salaries of...
-
In part (b) of Fig. 2.4 we have an 8 Ã 8 chessboard where two squares (one blue and one white) have been removed from each of two opposite comers. Can the remaining 60 squares be covered by 15...
-
DEPARTMENT DATA EMPLOYEE DATA EmployeeNumber FirstName Mary Rosalie Richard George Alan 3 4 5 7 8 9 855555ES 12 13 14 15 16 17 Create the database tables in SQL or ACCESS: 18 19 20 PROJECT DATA Ken...
-
Boots the Chemist incurs the following costs: a. Cost of redesigning blister packs to make drug containers more tamperproof. b. Cost of videos sent to doctors to promote sales of a new drug. c. Cost...
-
Six uses of feedback are described in the chapter: a. Changing goals. b. Searching for alternative means of operating. c. Changing methods for making decisions. d. Making predictions. e. Changing the...
-
A survey on ways organizations are changing their management accounting systems reported the following: a. Company A now reports a value-chain income statement for each of the brands it sells. b....
-
Adam transfers property with an adjusted basis of $ 5 0 , 0 0 0 ( fair market value of $ 4 0 0 , 0 0 0 ) to Swift Corporation for 9 0 % of the stock. The property is subject to a liability of $ 6 0 ,...
-
Oriole s Computer Repair Shop started the year with total assets of $ 3 2 1 0 0 0 and total liabilities of $ 2 0 9 0 0 0 . During the year, the business recorded $ 5 2 0 0 0 0 in computer repair...
-
On January 3 1 st , Sarkis Corp purchased a business and recorded $ 2 4 , 0 0 0 of goodwill. On December 3 1 st , Sarkis impaired the goodwill by $ 8 , 0 0 0 . What is the remaining goodwill for tax...
Study smarter with the SolutionInn App