A company makes a single product which requires two types of raw material: ionium and zetonium. The

Question:

A company makes a single product which requires two types of raw material: ionium and zetonium. The standard cost of materials to produce one unit of the product is shown:

100 units of the product have been made using 3100 kg of ionium and 4400 kg of zetonium. What is the total material usage variance?

A. $100 (adverse)

B. $100 (favourable)

C. $500 (adverse)

D. $500 (favourable)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

See More Books

Question Posted: Aug 29, 2023 08:17 AM

See More Questions

With regard to a partnership business which of the following statements are correct? (a) Every partner has to participate in management (b) Every partner needs to contribute equal amounts as capital...
Show how to classify a quadratic form Q(x) = x T Ax, when and det A 0, without finding the eigenvalues of A. Verify the following statements: a. Qis positive definite if det A > 0 and a > 0. b. Q is...
A particular production process requires two types of raw materials to produce the end product. Each unit of finished product requires three units of raw material A and 2 units of raw material B and...
Part C A 100.0 ? and a 150.0 ? resistor, both ratedat 2.00 W, are connected in series across a variable potentialdifference. What is the greatest this potential difference can bewithout overheating...
The following data come from the financial statements of The Big Wave Company for the year ended May 31, 2013 (in millions): Requirements 1. Prepare a cash flow statement for the year ended May 31,...
Which abnormal pattern (cycle, instability, level shift, oscillation, trend, mixture), if any, - exists in each of the x charts shown above? If you see none, say so. If you see more than one...
A parallel-plate capacitor has an initial charge $q$ and a plate separation distance $d$. How much work must you do, in terms of $q, d$, and plate area $A$, to increase the separation...
The following account balances relate to the stockholders equity accounts of Chipo Corp. at year-end. A small stock dividend was declared and issued in 2014. The market value of the shares was...
1. A planet is revolving around the sun in an elliptical orbit. The mass of planet is m, angular momentum of planet about sun is L, and length of semi major axis is a and eccentricity is e. Time...
Enigma Ltd has prepared a budget based on standard costs. It is shown below together with the actual results. Required (a) Prepare a flexed budget for 4250 units (b) Calculate: (i) Total cost...
Pembroke Ltd makes an item of furniture known as a Tripos. The standard cost per Tripos is as follows. Further information for the three months ending 30 June 2005: 1. The budgeted amount for direct...
Name three important sources of authority governing accounting matters affecting UK companies.
Find support reactions for a beam shown below. 3 kN 2 kN/m 30 A 1 m 1 m (a) Original beam 2 m UNA B
- Support personal wellbeing in the workplace Part A - Recognise factors that impact personal wellbeing Personal factors that may impact on your wellbeing(both positively and negatively)? Workplace...
If you could change three things that occurred in the development of U.S. health care, what would they be? How might things have been different as a result?
Consider an employee who works at the big-box store stocking shelves overnight while the store is closed. The employee begins to experience some mild to moderate low-back pain from the lifting of the...
direction and 0 Find magnitude, resultant for the system of forces 20 kN 25 kN location of of the 60 30 A B shown in figure. 3 m D 3 m C 45 18 kN 12 kN
What is the difference between balanced and unbalanced oligopoly?
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
The balance in Mesa Companys raw materials inventory account was $45,000 at the beginning of April and $38,000 at the end of April. Raw materials purchased during the month totaled $55,000. Mesa used...
The following financial information is for Leeward Company. (Note that the most current financial information is presented in the first column.) Of the total raw materials placed in production for...
The following financial information is for Caravelli Company. Of the total raw materials placed in production for the year, $36,000 was for indirect materials. The company had $3,795,000 in sales for...
An investor owns 30% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the Equity Investment was reported on the investor's balance sheet at...
Larry inherited a beachfront house from your father Gerry. Gerry bought it in 1956 for $96,000; nevertheless, the BPO as of 12/3/20, was $1,236,000. On 2/1/21, after Larry sold his primary residence...
Sal owns a company where his employee turnover rate is very high. In fact, he has been having trouble keeping enough employees on staff. None of this is recorded in the accounting records. Rebe's...

A company makes a single product which requires two types of raw material: ionium and zetonium. The

Question:

Material bod dolubo kg lonium Zetonium deca Standard cost BINGANA NOT ($ per kg) T302 45 3

Step by Step Answer:

To calculate the total material usage variance we need to compare the actual amount of materials use...View the full answer

Accounting A Level And AS Level

Students also viewed these Business questions