Question: please answer question 1 Should the plant manager update the materials price standard as suggested? Why or why not? 1. No, The suggestion of the

please answer question 1 Should the plant manager update the materials price

please answer question 1

Should the plant manager update the materials price standard as suggested? Why or why not? 1. No, The suggestion of the purchasing manager is premature. A favorable materials price can produce an effect on both materials usage and labor variances. 2. Yes, the purchasing manager is correct. This will improve the overall profitability of the company. 3. No, The suggestion of the purchasing manager is incorrect. The matierals are not available ans so changes to the price standard should not be made

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!

the answer choices for the last question: 1,2, or 3. Should the plant manager update the materials price standard as suggested? Why or why not? 1. No, The suggestion of the purchasing manager is...

update the materials price standard as suggested? Why or why not? 1. No, The suggestion of the purchasing manager is premature. A favorable materials price can produce an effect on both materials...

Answer the questions...no need detail explanation Question 1 Under a standard cost system, the materials price variances are usually the responsibility of the: Select one: a. engineering manager. b....

MSc Applied Research Project Please answer question (C) Introduction: Section A Fri 31st Jan 2020 Teams should prepare a 10 minute presentation: Venue: Safari Annexe O'Donovan's Road Time:...

Refeer to the Case Study and Please answer question 9, 10, 11 please read the whole document, and when assissting please make references from the document, and please assisst with questions 9,10,11...

answer asap please thank you 10.2 Cinturon-Corporation produces high-quality leather beits. The compary's plant in Boise uses a standard costing system and has set the following standards for...

Use the following information for Exercises 10-45, 10-46, and 10-47: Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set...

Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @...

PLEASE ANSWER QUESTION TWO AND THREE BASED ON THE FOLLOWING ANSWER TO QUESTION 1 Case 1: Current Trucks/ Trailers Let the number of calendar days required be x. So, Total Revenue = 375x Total Fixed...

Refer to the data provided in Exercise 10-9. In Exercise 10-9.Mahn Corporation produces high-quality leather belts. The company uses a standard cost system and has set the following standards for...

Discuss the benefits of SOAs to the growth of e-business.

Write a memo, addressed to me, that outlines a topic for your final project. ... Your topic memo should convince me that you have a specific project, audience, and resources.

Aiolos Turbines Company has applied for a 3 0 , 0 0 0 long - term loan from Beta bank, in order to invest in turbines' R&D . The company has 1 5 , 0 0 0 shares outstanding, paid a 5 , 0 0 0 dividend...

Design an implementation plan with recommendations for strengthening your companys values, code of conduct and ethical practices

Understand key international issues concerning: learning, training and talent development; high-performance working systems; worklife balance and diversity and equality.

1. What do employees who have family with special needs have to consider when accepting an international assignment?

understand the key issues concerning international assignments