A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920.

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

Question:

A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920. The materials price variance was $1,370 favorable. The standard price per kilogram for the raw material must be

a)$0.20
b)$3.00
c)$3.20
d)$3.40

Related Book For answer-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

See More Books

Posted Date: Oct 30, 2020 12:20 AM

See More Questions

Consider the following regression output. Intercept Density Coefficients -21.53382961 3.540540183 Standard Error 4.73545449 0.29215907 Select one: O a. The correlation coefficient is significantly...
select one: a. N=0; M=1; P=2 b. N=10; M=0; P=3 c. N=1; M=0; P=5 d. N=5; M=4; P=2 e. N=3; M=0; P=2 its all the info provided A freelance writer must choose how to spend her time working on several...
When will the materials price variance be unfavorable? Does an unfavorable materials price variance necessarily indicate a control problem? Explain why or why not.
Once an LLC has engaged in a dissolution procedure, the business does not stop immediately. True/False
Describe mercantilism and explain why mercantilism has been argued to be a poor approach to use in order to promote economic development and prosperity.
What does the term "Management of Technology" refer to?
Consider laminar flow down a wide rectangular channel making an angle $\theta$ with the horizontal. The fluid has kinematic viscosity $v$ and the volume flow rate per unit width is given by \[...
Tall Corporation acquired 75 percent of Light Corporation's voting common stock on January 1, 20X2, at underlying book value. At the acquisition date, the book values and fair values of Light's...
What are the major change activities that need to take place to transition employees? What actions do you need to take based on your stakeholder analysisand change impact assessment?Whatarethe...
Tableau Dashboard Activity 5-1 Account for Uncollectible Accounts Using the Aging Method Review the Tableau visualization, and then answer the questions that follow. Total Accounts Receivable Amount...
All of the following statements about nonverbal messages are true EXCEPT a. Nonverbal messages cannot be avoided. b. Nonverbal messages may be beneficial or harmful. c. Nonverbal messages may be...
Should the Venezuelan monetary authorities raise or cut the interest rate? Explain your answer. To work Problems 28 to 30, use the information that Venezuelas economy is expected to witness a...
Carol and Michael Rothko created a limited liability company partnership named Rosewood Acres, LLC to buy, renovate, and flip second and third generation homes in Sarasota, Florida. For the first...
Explain how the 57 billion investment might influence the short-run and long-run Phillips curves. Will the influence come from changes in the expected inflation rate, the natural unemployment rate,...
a. What is aggregate planned expenditure when real GDP is $200 billion? b. If real GDP is $200 billion, explain the process that moves the economy toward equilibrium expenditure. c. If real GDP is...
The Aerenthal Financial Loan Corporation lent $578,000 to Raymond Viviani and secured the loan with a mortgage on Vivianis ski lodge, which was located south of Burlington, Vermont. Vermont decided...
Employment data at a large company reveal that 74% of the workers are married, that 43% of the workers are college graduates, and that 22% of the workers are married college graduates. Let M be the...
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
Many firms (particularly firms using a Just-in- Time inventory philosophy) enter into long-term contracts with a few suppliers. Do you believe this has implications for the materials price variance?...
Jan Van Voorhis is a florist in Sedona, Arizona. Dividing his clients into two major categories, he provides the following income statement. He stresses that, for most florists (including himself),...
The Jogirushi Company makes a line of premium rice cookers, specially designed for the Japanese market. In February, Jogirushi launched a new model that is exclusively made in its Osaka factory. The...
Is it always possible to discern a trend in any time-series data? What problems might arise if trends are apportioned to time-series data that are not really present?
Why might household and firms confidence and expectations change leading to deviations in output from trend? Is there any way in which changes in confidence can be measured to provide an indicator of...
Firms experience a rise in stocks. Explain why this might have occurred and what you expect firms response to this event might be and how this might affect output.

A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920.

Question:

Expert Answer:

total materials cost21920 total quantit... View the full answer

Managerial accounting

Students also viewed these accounting questions