The following direct materials variance analysis was performed for Brookman. (Click the icon to view the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following direct materials variance analysis was performed for Brookman. (Click the icon to view the materials variance analysis.) Read the requirements. Data table AC X AQ $0.60 per pounds 7,600 pounds $4,560 Cost Variance $1,900 U SC X AQ $0.35 per pounds 7,600 pounds $2,660 Efficiency Variance $105 U SC X SQ $0.35 per pound 7,300 pounds $2,555 Requirements 1. Record Brookman's direct materials journal entries. Assume purchases were made on account. 2. Explain what management will do with this variance information. I The following direct materials variance analysis was performed for Brookman. (Click the icon to view the materials variance analysis.) Read the requirements. Data table AC X AQ $0.60 per pounds 7,600 pounds $4,560 Cost Variance $1,900 U SC X AQ $0.35 per pounds 7,600 pounds $2,660 Efficiency Variance $105 U SC X SQ $0.35 per pound 7,300 pounds $2,555 Requirements 1. Record Brookman's direct materials journal entries. Assume purchases were made on account. 2. Explain what management will do with this variance information. I
Expert Answer:
Answer rating: 100% (QA)
SOLUTION To record Brookmans direct materials journal entries for the purchases made on account we n... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The following direct materials variance analysis was performed for Jackson. Requirements 1. Record Jacksons direct materials journal entries. Assume purchases were made on account. 2. Explain what...
-
The following direct materials variance analysis was performed for Moore. Requirements 1. Record Moore's direct materials journal entries. Assume purchases were made on account. 2. Explain what...
-
The following direct materials variance analysis was performed for Brookman. Requirements 1. Record Brookman's direct materials journal entries. Assume purchases were made on account. 2. Explain what...
-
Elizabeth Is a nurse, and she just administered 1.8 milliliters of medication to one of her patients. Elizabeth knows that the amount of medication remaining in the patient's body wi decrease by a...
-
Define crowd sourcing and describe an example not already presented in the chapter.
-
Discuss how organisations may be viewed in terms of contrasting metaphors. How would you apply these metaphors to an understanding of your own organisation?
-
Amanda Forbes was hired as a nail technician by Showmann, Inc., in 2011. In 2017, Forbes attended a work-related holiday party where Showmann distributed raffle tickets to employees. One of the...
-
Evan Schwartz has six jobs waiting to be processed through his machine. Processing time (in days) and due date information for each job are as follows: Sequence the jobs by FCFS, SPT, SLACK, and...
-
6. MAC =9 The use of energy is one of the major causes of pollution and greenhouse gases that lead to climate change. It is desirable to reduce the emissions from energy use. Suppose there are two...
-
Additional Funds Needed Garlington Technologies Inc.'s 2009 financial statements are shown below: Suppose that in 2010 sales increase by 10% over 2009 sales and that 2010 dividends will increase to...
-
A 120-kg block is supported by a rope that is wrapped 1 time around a horizontal rod. Knowing that the coefficient of static friction between the rope and the rod is 0.15, determine the range of...
-
4. Symbol table: Consider the following program in a lexically-scoped language such as C. int x,y; int f(int p) { } int y, z; int i, j; /* Point A */ /* Point B */ /* Point C*/ a. How can the...
-
Title of your Story Board - What genre you would make this movie - e.g. adventure, comedy, action, fantasy, science fiction or a coming of age story. The issue in the plot of your meeting. Characters...
-
What are the advantages and disadvantages of cultural diversity for the MNC and its level of importance?
-
The Veterans Home Facility is in need of a new x - ray machine. A new machine costs $ 1 , 5 0 0 , 0 0 0 and has an annual maintenance cost of $ 2 7 , 5 0 0 . Its useful life is 1 0 years and the...
-
Explain some of the advantages and disadvantages of: Traditional project approaches Iterative project approaches.
-
1. Complete the table below (use fractions-not decimals!) and use it to graph the function f(x) = 3*. X -2 -1 0 1 2 y Domain Range coordinates of the y-intercept equation of the asymptote
-
For the following arrangements, discuss whether they are 'in substance' lease transactions, and thus fall under the ambit of IAS 17.
-
Match the following terms with their definitions. 1. Internal control 2. Control procedures 3. Firewalls 4. Encryption 5. Environment 6. Information system 7. Separation of duties 8. Collusion 9....
-
Activity-based costing requires four steps. List the four steps in the order they are performed.
-
For each account listed, identify whether the account would be included on a post-closing trial balance. Signify either Yes (Y) or No (N). a. Office Supplies b. Interest Expense c. Retained Earnings...
-
Use the Ritz variational method for the harmonic oscillator, with trial wave functions \(\psi_{1}(x)=\) \(e^{-y^{2} / 2}, \psi_{2}(x)=e^{-y^{2}}, \psi_{3}(x)=e^{-2 y^{2}}\), where \(y=x \sqrt{m...
-
Consider a two-level system, with basis \(|1angle,|2angle\), and in this basis, a Hamiltonian with elements \(\left(\begin{array}{ll}1 & 1 \\ 1 & 1\end{array} ight)\). Use the first form of the...
-
Use the practical variational method for the same harmonic oscillator ground state energy, with trial wave function \(\psi_{a}(x)=e^{-a y^{2}}\).
Study smarter with the SolutionInn App