Direct Materials Variances Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648a6b989fce_3056648a6b911e27.jpg)
Transcribed Image Text:
Direct Materials Variances Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its products. Each tablet uses one display. The company produced 15,000 tablets during February. However, due to LCD defects, the company actually used 15,250 LCD displays during February. Each display has a standard cost of $1.90. The 15,250 LCD displays were purchased for February production at a cost of $27,450. Determine the price variance, quantity variance, and total direct materials cost variance for February. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance Direct Materials Variances Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its products. Each tablet uses one display. The company produced 15,000 tablets during February. However, due to LCD defects, the company actually used 15,250 LCD displays during February. Each display has a standard cost of $1.90. The 15,250 LCD displays were purchased for February production at a cost of $27,450. Determine the price variance, quantity variance, and total direct materials cost variance for February. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Graph the solution sets in Problems 316. x 100
-
Given the following inventory information, construct an (a) ABC analysis by annual dollar usage, (b) ABC analysis by current inventory value, and (c) An ABC inventory matrix. Is the firm stocking the...
-
In a test of the hypothesis H0:= 10 versus Ha: 10, a sample of n = 50 observations possessed mean x = 10.7 and standard deviation s = 3.1. Find and interpret the p -value for this test.
-
Due to an economic recession, Anton Corporation faces severe cash flow problems. Management forecasts that payments to some suppliers will have to be delayed for several months. Jay Newton,...
-
Sally Omar is the manager of the office products division of Wallace Enterprises. In this position, her annual bonus is based on an appraisal of return on investment (ROl) measured as Division Income...
-
1 What does the concept of administrative theories mean? 2 What is the importance of the concept in Administrative Theories? 3 Why are Management Theories important? 4 What is management in a...
-
How could you use social media such as the company's Facebook page, its official blog, and the blogs and pages of individual departments and employees to collect information that would potentially be...
-
Fill in the Blank. The Routh-Hurwitz criterion can be used to investigate the __________ of a system.
-
The number of children in 25 households out of 75 households in a neighborhood. Determine whether the data set is a population or a sample. Explain your reasoning.
-
In the study of cigarette demand in this chapter, suppose we used as an instrument the number of trees per capita in the state. Is this instrument relevant? Is it exogenous? Is it a valid instrument?
-
Fill in the Blank. The damping coupling is also known as __________ coupling.
-
The ages at which all the presidents of a country were elected. Determine whether the data set is a population or a sample. Explain your reasoning.
-
QUESTION 9 What is the charge on the transition metal in the compound Fe(OCN) 2? The polyatomic ion cyanate is OCN. 00 OOOOO 14430 O +1 +2 +3 +4 QUESTION 10 What is the name of the compound BaF 27...
-
A 2500-lbm car moving at 15 mi/h is accelerated at a constant rate of 15 ft/s 2 up to a speed of 50 mi/h. Calculate force and total time required?
-
For each of the items below, indicate whether it is (1) a cash flow from an operating activity, (2) a cash flow from an investing activity, (3) a cash flow from a financing activity, (4) a noncash...
-
For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash loaned to borrowers b. Cash paid as interest...
-
The Jamison Cardstock Company did not spend a lot of time or money insti tuting proper internal controls over its cash transactions. The following information reflects Jamisons cash position as of...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App