What might cause the following materials variances? a. An un-favorable materials price variance. b. A favorable materials
Question:
a. An un-favorable materials price variance.
b. A favorable materials price variance.
c. An unfavorable materials quantity variance.
d. A favorable materials quantity variance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
a Inefficient purchasing methods use of more costly materia...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
What might cause the gradual decrease in operating leverage for Adobe? Adobe Systems, the second largest PC software company in the United States, dominates the graphic design, imaging, dynamic...
-
What might cause the following labor variances? a. An unfavorable labor rate variance. b. A favorable labor rate variance. c. An unfavorable labor efficiency variance. d. A favorable labor efficiency...
-
An unfavorable materials quantity variance would occur if more materials were purchased than were used. actual pounds of materials used were less than the standard pounds allowed. actual labor hours...
-
1) A survey of 200 public universities indicated that the 25th percentile of the yearly tuition cost of the universities was $4600 and the 75th percentile was $7100. The minimum value was $2000, the...
-
Netson Manufacturing Corp. is preparing its year-end financial statements and is considering the accounting for the following items: 1. The vice president of sales had indicated that one product line...
-
Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover Inc. experienced the following four accounting events in Year 1: 1. Recognized $92,000 of revenue on...
-
True or False. The system mass matrix is always singular unless the boundary conditions are incorporated.
-
The Noonan Corporation prepares quarterly financial statements and invests its excess funds in marketable securities. At the end of 2006 Noonan's portfolio of investments available for sale consisted...
-
The budgeted overhead costs in a manufacturing company for January 2023 based on capacity of 40,000 hours are given below: Overhead expenses Fixed Variable RM RM per hour Management salaries 14,500...
-
The Costplus Corporation has set a processing quota of 80 insurance claims per 8-hour day. The claims process consists of five elements, which are detailed in the following table. Costplus has...
-
What two factors must be considered when breaking down a variance into its components? Explain.
-
Is it possible that a variance of one type might be partially or fully offset by another variance? Explain.
-
The output of workers at a factory depends on the number of supervisors hired (see the following table). The factory sells its output for $0.50 each, it hires 50 production workers at a wage of $100...
-
How does the Doppler effect provide evidence that we live in an expanding universe?
-
State whether each of the following is an example of a physical or chemical property of matter: (a) Carbon dioxide escapes when a soda can is opened. (b) A bronze statue turns green. (c) A silver...
-
What is it called when evaporation takes place beneath the surface of a liquid?
-
In what periods has the United States had twin deficits? In what periods did the deficits move in opposite directions?
-
Explain how you are able to see a wide range of colors even though there are only three kinds of light-sensitive cells (cones) in your eyes.
-
What two characteristics make an effective cost driver?
-
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
-
Currently the 12.4 percent Social Security tax applies only on earnings up to $118,500. The House of Representatives wants to expand the tax and make it apply to higher earnings and eventually, by...
-
The adjusted trial balance for Appleton Appliances, Ltd. On June 30, the end of its first month of operation is as follows: The general ledger reveals the following additional data: a. There were no...
-
The post-closing trial balance of Custer Products, Inc. on April 30 is reproduced as follows: During May, the following transactions took place: a. Purchased raw materials at a cost of $45,000 and...
-
Selected account balances and transactions of Titan Foundry Inc. follow: May Transactions: a. Purchased raw materials and factory supplies on account at costs of $45,000 and $10,000, respectively....
-
An investor put 60 percent of his money into a risky asset offering a 10 percent return with a standard deviation of return of 8 percent, and he put the balance of his risk-free asset offering 5...
-
Ida Company produces a handcrafted musical Instrument called a gamelan that Is similar to a xylophone. The gamelans are sold for $949. Selected data for the company's operations last year follow:...
-
There is a bonus with the following characteristics: nominal value $98.650.000 annual coupon rate 4.5% term 5 years, tir 6.5% A) Calculate the price of the bond assuming it is zero coupon B)...
Study smarter with the SolutionInn App