Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use
Question:
Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use in its dive masks, at a cost of $6,800. The standard price for the plastic is $1.60 per pound. The company actually used 3,800 pounds of the plastic to produce 15,000 dive masks.
Required
Calculate Washington’s direct materials price variance for the month.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
AQ X AP 4000 lbs X ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 3,000 pounds of plastic to use in its dive masks, at a cost of $5,800. The standard price for the plastic...
-
During the past month an electronics store sold 31 model EL733 calculators for $30 each, 42 model EL480 calculators for $10 each, 47 model FX115 calculators for $20 each, and 63 model BA35...
-
Litton decided to purchase photocopiers to use in its offices. Angelo Buquicchio, a Royal (a division of Litton) salesperson, recommended that Litton lease the machines from Regent. Regent was a...
-
1. Was 1MDB a fraudulent venture from the beginning? Why or why not? 2. How did the US Government become involved in the 1MDB saga? 3. What does the involvement of so many financial institutions in...
-
(a) Explain the difference between solubility and solubilityproduct constant. (b) Write the expression for the solubility-product constant for each of the following ionic compounds:MnCO3, Hg(OH)2,...
-
Suppose that there are exactly three factors of production: skilled labor, which is represented by unions; unskilled labor, which is not represented by unions; and capital. Currently, skilled labor...
-
Develop a single spreadsheet that allows you to (1) calculate the effective annual interest rate given the nominal annual interest rate and the number of compounding periods per year, and (2)...
-
On October 1, 2020, Mary Graham organized a computer service company called Echo Systems. Echo is organized as a sole proprietorship and will provide consulting services, computer system...
-
Determine the moment of inertia about the x-axis of the area shown in Figures. R20 mm C 15 mm - -x - - -x'
-
brown company makes three different types of pumps the demand on its highend model (product a) has decreased, and brown has had to reduce its sales price brown is now considering whe
-
Refer to the information about Adarmes Adventures given in Exercise 6-4. Alexis King chose to prepare a static budget based on sales of 3,000 canoes. Actual sales were 3,100 canoes at a price of $850...
-
Phelps Gold manufactures award medals. In August, Phelps produced 5,000 medals, 100 more than expected. During the month, the company purchased 1,100 ounces of gold for $875,000. The standard price...
-
Determine whether the sets of polynomials form a basis for P 3 . Justify your conclusions. 3+7t,5+t2t, t2t, 1+ 16t - 6t + 2t
-
Summarise the steps required to report your concerns about the risk of harm to the child in the scenario. (Approximately 400 words) In your summary, discuss each of the following key points: What...
-
explain in depth how individual employees differ for tax purposes from independent contractors, For vs From AGI, how deductions and credits work, etc.
-
Due professional care, the third general standard is concerned with what is done by the independent auditor and how well it is done. For example, due care in the matter of audit documentation...
-
Joe is 30 years old. She is single and has private health insurance with no dependents. Joe also received $13,000 in cash dividends from her investment in BHP Billiton' s fully franked shares. and a...
-
Walter's widgets received a bill for merchandise with a net price of $7,170.26. Walter is offered a 3% cash discount if he pays within 10 days of the invoice date. He doesn't have enough to pay the...
-
Plot the position of the particle in Exercise 27. What is the farthest distance to the left of the origin attained by the particle? Data From Exercise 27 A particle moving along a line has position...
-
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
-
Fred Sports manufactures trucks and four-wheel drive vehicles (4WDs). The company announced that it planned to eliminate 1000 jobs (25 per cent of its work force) over the next three years. Fred...
-
How does an organization benefit from benchmarking with an organization outside its industry?
-
What are the four areas of performance measurement included in the balanced scorecard?
-
Explain why organizations need to monitor both leading and lagging indicators.
-
The cost of equity for rosental corporation is 13.61%. the expected return on the market =12.5%, the risk free rate is 1.4%, inflation rate =3.3%. what is the company equity beta?
-
Discuss how personal insurance needs are similar or not similarto business needs. Choose and describe an insurance product that can be utilized in your personal life and how it can minimize your...
-
Explain the two fundamental problems related to investing the Social Security trust fund in the stock market.
Study smarter with the SolutionInn App