Actual Quantity : 210 Kg Standard price : $12 per Kg Standard quantity requirement of material :

Fantastic news! We've Found the answer you've been seeking!

Question:

Actual Quantity : 210 Kg

Standard price : $12 per Kg

Standard quantity requirement of material : 200 Kg

Actual Price : $ 13 per Kg

Find :

Material Usage Variance

Material Price Variance

Material Cost Variance

Actual Quantity: 840 Kg Standard price: $48 per Kg Standard quantity requirement of material: 800 Kg Actual Price: $52 per Kg Find: Material Usage Variance,Material Price Variance and Material Cost Variance

Posted Date: May 13, 2024 02:36 AM

See More Questions

Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot are required. A production run of 1,000 tables in...
A . Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot are required. A production run of 1,000 tables in...
Using the table of implied volatilities below ("volatility surface"), calculate the implied volatility a trader would use for pricing an 8-month option with K/S0 = 1.04. Hint: Interpolate linearly. 1...
Selected balance sheet accounts of a foreign subsidiary of the Pacter Company have been translated into parent currency (F) as follows: Required: a. Assuming that the foreign subsidiary is determined...
What would you consider specific information as opposed to passive information that may only help in a bind, Is there specific information that you would research for?
Suppose that you open a term deposit account that allows the flexi- bility of additional deposits. The account pays 3.8% p.a. compounded quarterly, with a term of 2 years (8 quarters). (a) An initial...
Extend the analysis of the laminar-flow reactor for a power-law fluid. Perform some computations using the PDEPE solver, and show how the power-law index affects the conversion in the reactor.
A vertical plate $3 \mathrm{~m}$ long is at a temperature of $400 \mathrm{~K}$ and exposed to air at $300 \mathrm{~K}$. Calculate the thickness of the boundary layer and the value of the local...
Verify that the $j$-factor is related to the drag coefficient by the relation \[j_{\mathrm{D}}=\frac{c_{\mathrm{D}}}{2}\] for mass transfer for flow over a flat plate.
Integral balances can also be used for heat transfer in a turbulent-flow boundary layer if a form for the velocity profile is assumed. A common form is the 1/7th-power law:...
Mass transfer from a bubble. Calculate the mass transfer coefficient for the air-water system for bubbles rising at a gas velocity of $5 \mathrm{~cm} / \mathrm{s}$ in a pool of stagnant liquid. Use...

Actual Quantity : 210 Kg Standard price : $12 per Kg Standard quantity requirement of material :

Question:

Expert Answer:

To solve this problem we need to calculate the material usage variance material price variance and m... View the full answer

Students also viewed these accounting questions