FREE Trial

Jacomo Companys output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included

Question:

Jacomo Company’s output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $44,000 favorable price variance and a $6,000 favorable quantity variance. What is the actual total direct materials cost for the current period?


This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 66% (9 reviews)

Standard direct materials cost 30…View the full answer


answer-question
Answered By
tutor-profile-image
Benish Ahmad
I'm a professional software engineer. I'm lectutrer at GCUF and I have 3 years of teaching experience. I'm looking forward to getting mostly computer science work including: Programming fundamentals Object oriented programming Data structures object oriented design and analysis Database system Computer networks Discrete mathematics Web application I am expert in different computer languages such as C++, java, JavaScript, Sql, CSS, Python and C#. I'm also have excellent knowledge of essay writing and research. I have worked in other Freelancing website such as Fiverr and Upwork. Now I have finally decided to join the SolutionInn platform to continue with my explicit work of helping dear clients and students to achieve their academic dreams. I deliver plagiarism free work and exceptional projects on time. I am capable of working under high pressure.
5.00+ 2+ Reviews 10+ Question Solved
Related Book For  answer-question
Fundamental Accounting Principles

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

See More Books
Question Details
Chapter # 24
Section: Quick Study
Problem: 5
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: December 26, 2012 08:12:42
See More Questions

Students also viewed these Managerial Accounting questions

Q:
Juan Companys output for the current period was assigned a $ 150,000 standard direct materials cost. The direct materials variances included a $ 12,000 favorable price variance and a $ 2,000...
A:
Standard direct materials cost 15......
Q:
Blanda Companys output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $24,000 favorable price variance and a $4,000 favorable...
A:
Standard direct materials cost 30......
Q:
If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the...
A:
b 6 900 Inventory comprises of raw material work in progress and the finished goods To......
Q:
1. Suppose India follows China and accelerates its industrialization. For India, this will: A. Decrease imports and raise net exports B. Increase imports and lower net exports C. Increase imports and...
A:
1 A Decrease imports and raise net exports Industrialization is a means of investment in the domesti......
Q:
Fresh water is poured at a rate of 2 gal / min into a tank A, which initially contains 100 gal of a salt solution with concentration 0.5 lb / gal. The stirred mixture flows out of tank A at the same...
A:
a The inflow of salt into tank A is zero because fr......
Q:
A transmitter uses a carrier frequency of 1000 Hz so that the unmodulated carrier is A c cos(2f c t). Determine both the phase and frequency deviation for each of the following transmitter outputs:...
A:
a Since the carrier frequency is 1000 Hertz the general f......
Q:
When possible, compute the truth values of the simple components in the following compound propositions. If no truth value can be computed, write a question mark (?) under the letter or letters with...
A:
ANSWER The compound proposition given is C P In this compound proposition C i......
Q:
Decision Case 23-1 Movies Galore distributes DVDs to movie retailers, including dot.coms. Movies Galores top management meets monthly to evaluate the companys performance. Controller Allen Walsh...
A:
Req 1 Movies Galore Income Statement Performance Report Month Ended July 31 2010 Actual Results at Actual Prices Flexible Budget Variance Flexible Budget for Actual Number of Output Units Sales Volume......
Q:
Carla purchased a home for $375,000. She will have a mortgage of $340,000 at 5.25% which has monthly principal and interest payments of $1,877.49. The annual property tax bill is $4,687.50. The...
A:
To calculate the monthly payment on this loan we need to consider the principal and interest propert......
Q:
1. What is the cost of debt for Sunrise Bakery? 2. What is their cost of equity? 3. What is the WACC? 4. Which cost of capital should be used to evaluate the feasibility of the oven purchase? 5....
A:
1 The cost of debt for sunrise bakery interest rate of debt Therefore the cost of debt for sunrise bakery is 4 5 2 The cost of equity is 5 5 3 The weighted average cost of capital WACC is a calculatio......
Q:
Refer to information in QS 24-3. Assume the actual cost to manufacture one metal bat was $54. Compute the cost variance and classify it as favorable or unfavorable.
A:
Actual cost for one bat 54 Standar......
Q:
Reflection Companys output for the current period results in a $40,000 unfavorable direct labor rate variance and a $20,000 unfavorable direct labor efficiency variance. Production for the current...
A:
Standard direct labor cost 800......
Q:
A steady, three-dimensional velocity field is given by Calculate the vorticity vector as a function of space variables (x, y, z). V = (u, v, w) = (2.49 + 1.36x - 0.867y)i + (1.95x - 1.36y)] +...
A:
The vorticity vector denoted by is defined as the curl of the velocity vector V In three dimensions......
Q:
Parents who feel guilty for the little time they can (or choose to) spend with their children "pick up" after them-so the children don't learn to face the consequences of their own choices and...
A:
The main conclusion of the argument is that parents who allow their children to fail are showing them greater love and respect The author first states......
Q:
Sunset Ltd has an operating profit for the year ended 31 December 20X2, before dealing with the following items, of 150,000. Complete the profit and loss account. (a) The standard rate of income tax...
A:
Profit and Loss Account for the year ended 31 December 20X2 Operating profit 150 000 Less Interest p......
Q:
Feliz Ltd has an authorised capital of 500,000 comprising 1 million ordinary shares of 50p each. The 1 million shares were issued at par, payments being made as follows: Applications were received...
A:
Share Capital Account Debited by the amount received on application Credited by the amount received on allotment Debited by the amount of the first ca......
Q:
Bulwell Aggregates Ltd wish to expand their transport fleet and have purchased three heavy lorries with a list price of 18,000 each. Robert Bulwell has negotiated hire purchase finance to fund this...
A:
Year 20X1 Dr Motor Vehicles Account 54 000 Cr Hire Purchase Liability Account 54 000 To record the cash price of the vehicles Dr Hire Purchase Interes......
Q:
An increasing number of companies are testing a new and innovative way of recruiting. Blind recruiting is a process by which firms remove any identifying information about applicants during the...
A:
1 Blind recruiting can be a valuable tool in addressing bias during the recruitment process but whether all companies should use it exclusively depends on various factors Here are some considerations......
Q:
In Exercises, find the indefinite integral. I cos cos 8x dx
A:
fcos 8......
Q:
General Electric Capital, a division of General Electric, uses long-term debt extensively. In a recent year, GE Capital issued $11 billion in long-term debt to investors, then within days filed legal...
A:
GE Capitals action was legal but caused a great public relations stir at the time Some quotes A lot......
Q:
Prepare journal entries to record the following transactions for a retail store. Assume a perpetual inventory system. Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4,600...
A:
Apr 2 Merchandise Inventory 4 600 Accounts Payable Lyon 4 600 Purchase......
Q:
Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $ 24,000 and credit terms of 3/10, n/60. The merchandise had cost Mesa $ 16,000. Santa Fe paid within the...
A:
1 BUYER Santa Fe Company a Credit Purchase Merchandise Inventory 24 000 Accounts Payable 24......
Q:
Allied Parts was organized on May 1, 2013, and made its first purchase of merchandise on May 3. The purchase was for 2,000 units at a price of $ 10 per unit. On May 5, Allied Parts sold 1,500 of the...
A:
May 5 Accounts Receivable 21 000 Sales 21 000 Sold merchandise on credit 1 50......
Capital Budgeting Investment Appraisal Techniques Under Certainty 1st Edition - ISBN: 1515038424 - Free Book