The following materials standards have been established for a particular product: Standard quantity per unit of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.6 grams $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 3,100 grams $44,020 2,400 grams 300 units What Is the materials quantity variance for the month? The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.6 grams $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 3,100 grams $44,020 2,400 grams 300 units What Is the materials quantity variance for the month?
Expert Answer:
Answer rating: 100% (QA)
Material qty variance Standard qty for actual output ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following labor standards have been established for a particular product made by Dodoo-GIllespie Corp. Standard labor hours per unit of output 8.1 hours Standard labor rate $14.40 per hour The...
-
The following materials standards have been established for a particular product: The following materials standards have been established for a particular product: Standard quantity per unit of...
-
A sales tax of $1 per unit of output is placed on a particular firm whose product sells for $5 in a competitive industry with many firms. a) How will this tax affect the cost curves for the firm? b)...
-
In Exercises 8194, begin by graphing the absolute value function, f(x) = |x| . Then use transformations of this graph to graph the given function. h(x) = x +31-2
-
Use MegaStat or MINITAB to generate 95 percent confidence and prediction intervals for various X-values.
-
Two adjustable-speed dc shunt motors have maximum speeds of 1800r/min and minimum speeds of 500r/min. Speed adjustment is obtained by field-rheostat control. Motor A drives a load requiring constant...
-
Identify the grounds for a demurrer.
-
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions for accessing and using the...
-
Table 1 shows the time schedule for a project at Kings University College. TASKS PRECEDENCE TIME 1 - 16DAYS 2 1 12DAYS 3 - 8DAYS 4 3 18DAYS 5 1 22DAYS 6 2 6DAYS 7 4,5,6 2DAYS Required: (i))Use table...
-
A bale of cotton tipped the scales at around 500 pounds was about the size of a large suitcase was the amount of picked cotton each slave was expected to produce weekly was equivalent to about six...
-
The following vectors form an orthogonal basis for R. v = (1,-1,2,-1), v = (-2, 2, 3, 2) !! V3 = (1, 2, 0, -1), v4 = (1,0, 0, 1) Let w = (,5, ,-2). Find the value of c if w = av1 + bv2 + cv3 + dv4.
-
Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $848,420. b. Materials requisitioned,...
-
(A) Create a Java class named House that contains the following: 1. Two private instance variables: area of type integer numberOfFloors of type integer 2. A parameterized constructor to initialize...
-
1. Mr. Darcy is managing director of the Pemberley Trading Co Ltd. He is paid an annual salary of 36000 and also bonuses based on the company's performance. Pemberley Trading Co Ltd accounting year...
-
Solve the 3 mini-cases attached by answering the followingquestions for each case: 1. What issue must the court decide in this case? 2. If you were a memberof the jury, how would you vote? Did...
-
To sterilize a 47-g glass baby bottle, we must raise its temperature from 20C to 91C. How much heat transfer is required? Specific heat of glass = 840 J/(kg.C). Express your answer in kJ with 3 or...
-
Discuss an ad and how it is an example of mainstream and popular culture reflecting American values.
-
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....
-
The market interest rate is 5% and is expected to stay at that level. Consumers can borrow and lend all they want at this rate. Explain your choice in each of the following situations: a. Would you...
-
You are a duopolist producer of a homogeneous good. Both you and your competitor have zero marginal costs. The market demand curve is P 30 Q where Q Q1 Q2. Q1 is your output and Q2 your...
-
In 2011, Americans smoked 16 billion packs of cigarettes. They paid an average retail price of $5.00 per pack. a. Given that the elasticity of supply is 0.5 and the elasticity of demand is 0.4,...
-
Audits can be categorized into five types: (1) financial statement audits, (2) audits of internal control, (3) compliance audits, (4) operational audits, and (5) forensic audits.
-
Cendant Corporation (Cendant). On December 17, 1997, CUC International merged with HFS Incorporated to form Cendant. Cendant operates primarily in three business segmentsalliance marketing, travel,...
-
Sandy Pitts is auditing Hofmeister Hardware Company, a fast-growing retail hardware chain in the Atlanta area. While Pitts has previously worked on this engagement, this is her first year as the...
Study smarter with the SolutionInn App