Question: 8-28 If the material quantity standard specifies exactly how much material should be in the final product, a favorable materials quantity variance is a good

8-28 If the material quantity standard specifies exactly how much material should be in the final product, a favorable materials quantity variance is a good thing. A. True B. False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

As a health care leader you will be responsible for not only the acquisition planning and management of HIT solutions but also for strategies to manage the different types of data acquired by these...

Hi, this is the last assignment of the course. I don't know anything about accounting. Can you please complete the budget analysis? There is a template attached and you delete everything in red and...

Managerial accounting 2071 end of semester test The job order cost sheet for Job 550 contains the following information: 100 units; direct labor, $4,000; direct materials, $9,000; manufacturing...

Section-01 1. Contribution Margin is: A. Gross Profit less Operating Expenses. B. Sales less Selling and Admin Expenses. C. Sales less Variable Expenses. D. Sales less Fixed Expenses. (1 mark) 2....

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Please show me the formula or how you get the answers Direct Material Variances Hand Ne Price Nie we At MAP 40 nevis ware Maand Malwe Math Actu AD Nu MORAP AKY Inc Mwen Variante Materiale Mware VW...

1 Budgeted Income Statement 3 Sales 4 Cost of Goods Sold 5 Gross Profit 6 Selling Expenses 7 Administrative Expenses 8 Net Operating Income 9 10 Goal Seek 1 3 # of Unit Sales necessary to have...

THIS QUESTION IS DUE IN EXACTLY 1 HOUR AND 45 MINUTES. I WILL PAY EXTRA 10 DOLLARS IN TIP IF SOMEONE TYPES THE EXACT ANSWER REQUESTED. PLEASE RESPOND TO THE EACH AND EVERY QUESTION IN A TOTAL OF 3-4...

Would like your help. Need help with study guides. Thanks. FINANCIAL AND MANAGERIAL ACCOUNTING - Fifth Edition E22-32 Requirements 1. Prepare a budgeted income statement with columns for 1,300 units,...

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

8. Prove the Leibniz rule for f() (2), where f(n) is the nth derivative of f: that is, show that (g)(")(x) = (^) ^)(x)g(* b)(x). f(k) k 0

For the area of Prob. 5.8, determine the ratio o r2/r1 so that X= 4r1/3.

3. Which conditional jump instruction is equivalent to JNAE?

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

(Appendices) Identify the accounting items for which adjustments are made to the purchase price of goods acquired for resale when determining the cost of purchases. Assume that the firm uses the...

(Appendices) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a company has misstated its profits by knowingly establishing an incorrect amount for its...

(Appendices) DISCOUNT POLICY AND GROSS MARGIN. Compton Electronics sells Motorola cellular phones. During 19x8, Compton sold 1,000 units for $300 per unit. Each unit costs Compton $180. At present,...