Shevlin Enterprises purchased 60,000 gallons of direct materials during the year at a price of $2.75 per
Question:
Shevlin Enterprises purchased 60,000 gallons of direct materials during the year at a price of $2.75 per gallon. Bennett's direct materials price variance was $6,000 U.
Required
Calculate the standard price per gallon of direct materials.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
AQ X AP 60000 gallons 275gall...View the full answer
Answered By
Kainat Shabbir
i am an experienced qualified expert with a long record of success helping clients overcome specific difficulties in information technology, business and arts greatly increasing their confidence in these topics. i am providing professional services in following concerns research papers, term papers, dissertation writing, book reports, biography writing, proofreading, editing, article critique, book review, coursework, c++, java, bootstarp, database.
5.00+
184+ Reviews
255+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The McGrath Company has prepared a sales budget of 42,000 finished units for a 3-month period. The company has an inventory of 13,000 units of finished goods on hand at December 31 and has a target...
-
Budgeting material purchases. The Mahoney Company has prepared a sales budget of 45,000 finished units for a three-month period. The company has an inventory of 16,000 units of finished goods on hand...
-
Refer to the data in Problem 9-18. Limpio, Inc., also uses two different types of direct labor in producing the cleansing chemical: mixing and drum-filling labor (the completed product is placed into...
-
Let (x, y) = x 4 2x 2 + y 2 6y. (a) Find the critical points of and use the Second Derivative Test to determine whether they are a local minima or a local maxima. (b) Find the minimum value of ...
-
Using the simply supported beam from Prob. 8.24, the slope along the beam is given by: Use a numerical method to find the point(s) where the slope equalszero. - 10 I-0)- (*- 5)')+(*-8)2 + 150 (r -...
-
Audit situations 1 through 8 present various independent factual situations an auditor might encounter in conducting an audit. List A (following) represents the types of opinions the auditor...
-
How often should performance appraisals be conducted?
-
What does it mean to isolate the technical core of a business?
-
The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed: Costs incurred: Direct labour cost Purchases of raw materials. Indirect...
-
For each following case, express the voltage ratio in decibels: (a) Vin (c) Vin = 1 V, Vout = 1V 10 V, Vout = 7.07 V (b) Vin 5 V, Vout = 3 V (d) Vin=25 V, Vout=5V
-
Stratton, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Sandy Robison, operations...
-
Refer to the data in exercises 7-7 and 7-9. Eric Parker found that the budget included production of 500 units of Component 3F5 and 5,000 units of Component T76. Required a. Calculate the overhead...
-
Provide four reasons why effective communication is an important management skill.
-
In Chapter 6, we discussed how to store a linked list in an array of nodes using index values as pointers and managing our list of free nodes. We can use these same techniques to store the nodes of a...
-
Determine the Big-O measure for QuickSort based on the number of elements moved rather than the number of comparisons 1. for the best case. 2. for the worst case.
-
If node 1 is to be deleted, the value in which node could be used to replace it? The numbers on the nodes are labels so that we can talk about the nodes; they are not key values within the nodes. 4 2...
-
How many comparisons would be needed to sort an array containing 100 elements using ShortBubble 1. in the worst case? 2. in the best case?
-
Extend the class GraphType in this chapter to include a DeleteVertex operation, which deletes a vertex from the graph. Deleting a vertex from a graph is more complicated than deleting an edge....
-
The structure of a DNA molecule resembles a a. single helix b. double helix c. pleated ribbon d. straight chain
-
Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2012 is: Joint cost of production in July 2012 was $50. A...
-
Calculating return on investment, residual income, and economic value added Required Compute the missing amounts labeledaq. Segment A Segment B $%1,000,000 $1,500,000 Segment C Segment D Segment E...
-
Isabelle Abiassi operates a popular summer camp for elementary school children. Projections for the current year are as follows: Sales revenue ......$8,000,000 Operating income.... $700,000 Average...
-
Joe Gazelle Corporation makes power tools. The Motor division makes a motor that the Small Tools division needs for a new product. The Motor division's variable cost of manufacturing the component is...
-
ABC partnership is dissolving.assume the noncash assets ( axxounts recwivable with a carrying amount of 4 5 0 0 0 and equupment with a cost of 6 5 0 0 0 and accumulated depreciation of 3 5 0 0 0 )...
-
A taxpayer expenses out $ 1 5 0 , 0 0 0 of tangible property under IRC Section 1 7 9 when they file their Federal return. The taxpayer will need to apportion the Section 1 7 9 between California...
-
The purpose of this part is to provide you with a better understanding of the origins of the Codification. For this part, you should stay in the Codification, clicking on the tab Other Sources ( on...
Study smarter with the SolutionInn App