Question: ABC company used 5,000 components for their widgets at a cost of $4 each. The original budget called for 4,000 widgets at $5 each.

ABC company used 5,000 components for their widgets at a cost of

ABC company used 5,000 components for their widgets at a cost of $4 each. The original budget called for 4,000 widgets at $5 each. What is their quantity variance? O $5,000 favorable 0-0- O $5,000 unfavorable

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!

This is a new manufacturing corporation that issued $50000 common stock for cash on the first day. All overhead expenses are paid immediately by cash. To make it easy, there are no other operating...

A well-sealed room contains 60 kg of air at 200 kPa and 25C. Now solar energy enters the room at an average rate of 0.8 kJ/s while a 120-W fan is turned on to circulate the air in the room. If heat...

Question: How do Kencos manufacturing and reporting systems support its key success factors (key strategic components) of product quality, on-time delivery, and cost? Abstract This case illustrates a...

Question: How would cost-plus pricing change continuous improvement at Kenco? (10 marks) Compare and explain fully the strategic and operational implications of cost-plus pricing versus Kencos...

Question: Compare how the strategy for lean manufacturing and Kencos system lead to unique production and information systems. Include in your discussion the design characteristics underlying each...

Question: Describe Kencos CI system; compare this to process change using traditional budgeting Abstract This case illustrates a strategy-driven costing system combining ideas from lean management...

Question: Kencos organizational design borrows ideas from both lean management and the Theory of Constraints. Describe the unique characteristics of Kencos design and accounting system that are...

1. 1 point $21,000 $210,000 $84,000 $8400 $82,500 None of the above. 2. Use information from Question No. 1 to calculate budgeted beginning inventory (in units) for the month of April, on the direct...

Fact Situation : You are the CFO of ABC Manufacturing Company. Your Company is considering the purchase of a machine which will automate its production process. You have been asked by the President...

MBA / MIS 683 PROJECT MANAGEMENT HOMEWORK SUMMER 2016 Chapter1 1. Which of the following is not considered to be a characteristic of a project? A. An established objective B. A clear beginning and...

Folowing is clothing & accessones department store chain (multi stores, multi locations) budget. Due to COVAD 19, the company has experienced reduction in business and they would like to update their...

If a company were to purchase a piece of land with a building on it that it demolishes to make room for its new building, in which account would the cost of demolition be recorded (land, building,...

Discuss how you will manage version control for your developing product. Include the following. What version method will you use? What will be your version naming system? How will you differentiate...

Which lines do i add from the statement of cash flows to get retained earnings?

A mass weighing 20 pounds stretches a spring 6 inches. The mass is initially released from rest from a point 6 inches below the equilibrium position. (a) Find the position of the mass at the times t...

If money can earn 4% compounded annually, how much more money is required to fund an ordinary perpetuity paying $1000 at the end of every year, than to fund an ordinary annuity paying $1000 per year...

It is given that f(x) = 4 + 8x - x 2 . a. Find the value of a and of b for which f(x) = a - (x + b) 2 and hence write down the coordinates of the stationary point of the curve y = f(x). b. On the...

The North Valley Real Estate data reports information on homes on the market. a. Determine the proportion of homes that have an attached garage. At the .05 significance level, can we conclude that...

The scrumptious brownie experiment. The author is an engineer by training and a firm believer in learning by doing. I have taught experimental design for many years to a wide variety of audiences and...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Define the sample space. LO4

Salaries of professional athletes. The salaries of superstar professional athletes receive much attention in the media. The multimillion-dollar long-term contract is now commonplace among this elite...

Grades in statistics. The final grades given by two professors in introductory statistics courses have been carefully examined. The students in the first professors class had a grade point average of...