The materials price variance is usually computed a. when materials are purchased. b. when materials are issued
Question:
The materials price variance is usually computed
a. when materials are purchased.
b. when materials are issued to production.
c. when goods are finished.
d. after suppliers are paid.
e. None of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
The correct answer is a when materials are purchased The materials price variance is the difference ...View the full answer
Answered By
Santosh Reddy
I have been a tutor for over 10 years. I have experience working with students of all ages, from elementary school to college. I have also tutored students with different learning styles and abilities. I am familiar with a variety of subjects, including math, science, English, history, and Spanish. I am able to adapt my teaching style to meet the needs of each individual student. I am patient and supportive, and I strive to help my students succeed.
I believe that one of the most important aspects of tutoring is the ability to build a rapport with the student. I work to create a positive and supportive learning environment where the student feels comfortable asking questions and seeking help. I also believe that it is important to be flexible and accommodating to the student's needs. I am willing to adjust my schedule and meeting times to ensure that the student is able to get the help they need.
I am confident in my ability to help students improve their grades and succeed in their studies. I have a proven track record of success, and I am committed to helping my students reach their goals. If you are looking for a tutor who is experienced, knowledgeable, and supportive, then please contact me. I would be happy to discuss your needs and how I can help you achieve success.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
Paul, the VP of Human Resources for Widget Company, is developing Widget's diversity management program. Which of the following activities would be considered an appropriate element of the diversity...
-
The materials price variance is computed based on the amount of materials purchased during the period. True or False
-
The materials price variance can be computed at what two different points in time? Which point is better? Why?
-
Mazlin Limited purchased a machine on account on April 2, 2015, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the...
-
What are the tests for determining the difference between an employee and an independent contractor? Why is it important to distinguish between an employee and an independent contract?
-
Solve each problem The volume of a gas varies inversely as the pressure and directly as the temperature in kelvins (K). If a certain gas occupies a volume of 1.3 L at 300 K and a pressure of 18...
-
Discuss some of the job-design strategies mentioned in the chapter. How can managers use these to in- crease the motivation of shop-floor employees?
-
Natalie and Curtis have comparative balance sheets and income statements for Cookie & Coffee Creations Inc. They have been told that they can use these financial statements to prepare horizontal and...
-
1. Explain why the equilibrium in the model of consumers and firms that we are using in class this week is not Pareto optimal. 2. The table below represents demand Q for a firm's output at various...
-
University Ceramics manufactures plates, mugs, and steins that include the campus name and logo for sale in campus bookstores. The time required for each item to go through the two stages of...
-
Responsibility for the materials price variance typically belongs to a. production. b. marketing. c. purchasing. d. personnel. e. the chief executive officer (CEO).
-
Responsibility for the materials usage variance is usually assigned to a. production. b. marketing. c. purchasing. d. personnel. e. the CEO.
-
Determine the standard molar entropy of OClO at 298.15 K and P = 1.00 atm, a nonlinear triatomic molecule where B A = 1.06 cm 1 , B B = 0.31cm 1 , B C = 0.29 cm 1 and v 1 = 938 cm -1 , 2 = 450 cm -1...
-
Why are we required to pay income taxes? What do you understand about how your tax is determined? How do you feel about it? Please form an opinion and support your opinion with facts from the...
-
6. Nancy finishes college with two loans, one for $26,700 at 3.86% APR, one for $12,980 at 5.025% APR. Determine, correct to the nearest hundreth of a percent, the fair rate of consolidation of these...
-
1) Social norms are broadly defined as the informal rules that govern behavior in groups and societies. Is it possible that dividends are paid and valued because the are a 'social norm'? Explain...
-
After receiving a scholarship for $100,000, you decide to deposit that money in an account bearing an interest rate of 4% per semi-annual compounding period. You intend to let the interest accrue on...
-
Define securitized mortgages, or mortgage-backed securities. Describe one way in which this innovation helps banks (be specific).Also provide one way in which its misuse helped lead to the financial...
-
Let x1 .... xr be eigenvectors of an n x n matrix A and let S be the ssubspace of R spanned by x1. x2 ....xf Show that S is invariant under A (i.e.. show that Ax S whenever x 5).
-
Evaluate how many lines there are in a true rotational spectrum of CO molecules whose natural vibration frequency is w = 4.09 1014 s1 and moment of inertia I = 1.44 1039 g cm2.
-
Jan Franks is the manager of one location of the Save Some Inc. chain. Franks location is currently earning an ROI of 15 percent on existing average capital of $800,000. The minimum required return...
-
Sandra Olson manages a restaurant that is part of the Eatwell Chain of restaurants popular in the Southwest. Eatwell has recently adopted a balanced scorecard for the entire company. As a result, the...
-
Sandra Olson manages a restaurant that is part of the Eatwell Chain of restaurants popular in the Southwest. Eatwell has recently adopted a balanced scorecard for the entire company. As a result, the...
-
What are some managerial implications or consequences of ethical leadership at a company? 2. What is ethical leadership and what is it's impact on an organization? How might authoritative and...
-
Determine three planes) interection point. Th = 5x+4y+52-18=0 712=4x-54+9=0 13=-5x+10y-12=0
-
A particle initially has a speed of 0.46c. (Enter your answers in terms of c. Round your answers to at least three decimal places.) (a) At what speed does its momentum increase by 1%? .465 x c (b) At...
Study smarter with the SolutionInn App