Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In
Question:
Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, Staley used 3,100 pounds of materials at a total cost of $12,090. Staley's materials price variance is
A) $90 U.
B) $310 F.
C) $400 F.
D) $700 F.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
B 310 F Computation of the Materials ...View the full answer
Answered By
Michael Mulupi
I am honest,hardworking, and determined writer
4.70+
72+ Reviews
157+ Question Solved
Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Question Posted:
Students also viewed these Managerial Accounting questions
-
A manufacturing company has a standard quantity of direct labor of 2 hours per unit at a standard rate of $10.20 per hour. In February the actual labor rate was $10.60 per hour and the company...
-
Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon's total variance is:...
-
Bortello Corporation produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labor: Leather (12 strips @ $20) $240 Direct...
-
You are the president of a new, capital-rich firm and you must decide on your firm's targeting approach. Three large subgroups exist in your market that have never had their unique needs served. If...
-
This table shows the normal monthly precipitation in inches for Pittsburgh, Pennsylvania, and Portland, Oregon. a. Display the data in two box plots on the same axis. b. Give the five-number summary...
-
In researching a tax issue, you locate the case Stern, Sidney B. & Vera L., 77 T.C. 614, which seems relevant to your issue. However, before completing your research check the Citator for subsequent...
-
Briefly describe design classes: utility, control, and boundary. How do they differ from entity classes?
-
Speedy Spuds is a fast-food restaurant offering all kinds of potatoes. The manager has a 30-second rule for serving customers. Servers at the counter say they could achieve that rule if the form they...
-
URI's stock has a beta of 1.50, and its required return is 14.00%. If the risk-free rate is 5.00%, what is the required rate of return of the market?
-
Q3: Consider a solid conducting sphere of radius R with a uniform magnetization M = M and carrying a surface charge Q. a) Calculate the electric & magnetic field everywhere. b) Calculate the momentum...
-
Cost-flow assumptions FIFO, LIFO and weighted average using a periodic system. The following data was available for Sellco for the fiscal year ended on January 31, 2011: Sales................1,600...
-
Newton Co. had installment sales of $1,000,000 and cost of installment sales of $700,000 in 2010. A 2010 sale resulted in a default in 2012, at which time the balance of the installment receivable...
-
Figure 17.2 indicates a trend in monthly auto imports reported by Maryland Port Administration. Using the variable Import Auto Units in the file Maryland_Port_Cargo, forecast imports three months...
-
William and Nancy Liebhart together own three houses on the same block in Watertown, Wisconsin. Besides a few other houses, the rest of the block was previously occupied by an abandoned transformer...
-
In January 2013, Wesley Erik Hawley met Denise T. Reed. The two became romantically involved in March 2013 and eventually were engaged to be married. Mr. Hawley was a widower and a thoroughbred horse...
-
Highland Marketplace obtained a \($28,000,000\) loan from First Community Bank in September 2007. The loan was secured by real estate located in Highland, Utah. Highland utilized the loan proceeds to...
-
Wawel Savings Bank entered into a loan agreement with Jersey Tractor Trailer Training (JTTT), Inc., for the amount of $315,000. In the agreement, JTTT pledged all capital equipment and assets of the...
-
In June 2014, Penn State Hershey Medical Center and PinnacleHealth System signed a letter of intent for a proposed merger. Hershey is located in Hershey, in Dauphin County in Pennsylvania and...
-
Use the following experimental data to determine the rate law and rate constant for formation of phosgene. CO + Cl COC1 Experiment 123 Initial Concentration (M) [CO] 0.053 0.106 0.106 [C] 0.23 0.23...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
On 31 March 1980, Philip acquired a 48-year copyright at a cost of 85,000. The copyright was valued at 92,000 on 31 March 1982. On 31 March 2021, Philip sold the copyright for 47,000. Compute the...
-
Place the corresponding letter of the definition next to the term. _____ 1. Cost principle _____ 2. Business entity principle _____ 3. Generally accepted accounting principles _____ 4. Reliability...
-
Place the corresponding letter of the definition next to the term. _____ 1. Liabilities _____ 2. Assets _____ 3. Corporation _____ 4. Dividends _____ 5. Sole proprietorship _____ 6. Partnership _____...
-
Determine the missing amounts in the following accountingequations. Assets $99,000 $88,000 - Liabilities +Stockholders' Equity $21,000 S54,000 a. $16,000 $37,000 C.
-
How crucial is it to understand the many sorts of speech contexts on a daily basis? Give one specific example. Here are the types of speech context: 1. Public Communication 2. Small Group...
-
Enmebaragesi of Kish, Inc. has sales of $282,000, cost of goods sold of $206,000, depreciation of $4,200, and interest expense of $22,000. The tax rate is 30.8 percent. What is the times interest...
-
Inkishush and Company has a book value per share of $10.35, earnings per share of $2.23, and a price-earnings ratio of 19.4. What is the market-to-book ratio?
Study smarter with the SolutionInn App