Simba Company's standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Simba Company's standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases and uses 3,200 pounds of materials costing $16,192 in making 1.500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 52.) Total materials variance Unfavorable Unfavorable Materials price variance Materials quantity variance $ Unfavorable Simba Company's standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases and uses 3,200 pounds of materials costing $16,192 in making 1.500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 52.) Total materials variance Unfavorable Unfavorable Materials price variance Materials quantity variance $ Unfavorable
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. OF -; F(u, v) = eu+v, u = x, v = xy
-
What function can you perform with project management software? What are some popular names of low-end, midrange, and high-end project management tools?
-
Refer to the following table. a. Determine P(A1). b. Determine P(B1 Æ A2). c. Determine P(B2 andA3). First Event Second Event AA Total Total 10
-
Voluntary accounting policy changes are said to be unintended signals about the financial health and future prospects of a firm from management to a firms shareholders. Discuss how and why you would...
-
On December 31, Year 1, Kelly Corporation of Toronto paid 13.7 million Libyan dinars (LD) for 100% of the outstanding common shares of Arkenu Company of Libya. On this date, the fair values of...
-
FASB ASC 10-4 Direct-Response Advertising The FASB ASC contains guidance on accounting for direct response advertising that can result in reported assets. Search the FASB ASC and find answers to the...
-
The density of liquid n-pentane is 0.630 g/cm3 at 18C and 1 bar. Estimate its p at 140C and 120 bar by using the Lydersen-Greenkorn-Hougen correlation.
-
Who makes the policies, rules, and regulations concerning EHR systems and patient medical records. Explain.
-
a 2 0 - year, 7 % semi - annual coupon bond ( R 1 0 0 0 par value ) is priced at a yield maturity of 1 2 % . The yield changes by 4 0 basis points. the effective duration of the bond is closest to
-
present value compound amount $17000 term of investment 8 years nominal rate 4.5 interest compound monthly present value? compound interest
-
Use put call parity to determine the size of the arbitrage profit AT TIME T = 3 / 1 2 arising from the following situation. All options are European. So = $ 1 9 . 0 8 T = 3 / 1 2 ( for both the call...
-
Discuss the implications of microreactor technology on reaction kinetics and selectivity in highly exothermic reactions. How do these systems manage heat transfer more efficiently than traditional...
-
Question 5 Merchants of Doubt. The tobacco industry wanted the public and the federal government to ignore the preponderance of evidence and believe that there was still a scientific controversy over...
-
General Electric Capital, a division of General Electric, uses long-term debt extensively. In a recent year, GE Capital issued $11 billion in long-term debt to investors, then within days filed legal...
-
The economy of large-scale production _________ new firms from entering a market because high initial average total costs impose heavy losses on new entrants.
-
Because they are mutually interdependent, oligopolists are tempted to get together and agree to act jointly, or to _________, to reduce uncertainty and raise profits.
-
Mutual interdependence means that no firm knows with _________ what its demand curve looks like. The demand curve and the profit-maximizing price and output will depend on how others _________ to the...
Study smarter with the SolutionInn App