Question: When would an unfavorable materials quantity variance result occur? When more materials were purchased than were used When the actual pounds of materials used were

When would an unfavorable materials quantity variance result occur?
When more materials were purchased than were used
When the actual pounds of materials used were less than the standard pounds allowed

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!

Q:

Jordan Company is considering the purchase of a machine with the followingdata Initial cost One-time training cost Annual maintenance costs Annual cost savings Salvage value $150,000 12,000 15.000...

Q:

84. Purchased land for cash. A) Financing activities section B) Investing activities section C) Operating activities section D) Does not represent a cash flow 05. The formula for determining budeeted...

Q:

14idManufa overbadsts of $2oble budget at 3 with estimated overhead costs of overhead. Trepi total overhead costs at this level of activity? Company prepared a static budget of 40,000 direct labor...

Q:

An unfavorable materials quantity variance would occur if more materials were purchased than were used. actual pounds of materials used were less than the standard pounds allowed. actual labor hours...

Q:

An unfavorable materials quantity variance would occur if A) actual pounds of materials used were less than the standard pounds allowed. B) actual labor hours used were greater than the standard...

Q:

1. The initial budget prepared in the master budget is the A) sales budget. B) production budget. C) budgeted balance sheet. D) budgeted income statement. 2. Which statement is true? A) B) C) D) A...

Q:

Problem 2 (Direct Materials Variances): Bulacan Corporation, a manufacturer of portable radios purchases the components from subcontractors to be used in the assembly of the radios. Each radio...

Q:

PART I (32 Points, 2 Points each) Multiple Choice: Indicate the answer that best completes the opening statement. 1. A static budget is appropriate in evaluating a manager's performance if a. actual...

Q:

see document on attachment Mdulo 7: Sistema de costo estndar, presupuesto flexible y anlisis de variaciones MULTIPLE CHOICE QUESTIONS AND EXERCISES I.Multiple Choice: Choose the correct answer by...

Q:

1. An unfavorable materials quantity variance would occur if A) more materials were purchased than were used. B) actual pounds of materials used were less than the standard pounds allowed. C) actual...

Q:

A dorm at a college houses 1800 students. One day, 20 of the students become ill with the flu, which spreads quickly. Assume that the total number of students who have been infected after t days is...

Q:

A Company purchased a drill press priced at $170,000 in year 0. The company additionally incurred $30,000 for site preparation and labor to install the machine. The drill press was classified as a...

Q:

Which projects that would have been accepted under payback period method will now be rejected under the discounted payback period method?

Q:

Discuss qualitative research designs in detail?