User Account

All Pages

Calculate the direct materials input rate variance

Assignment Help Managerial Accounting
Reference no: EM132911704

Problem - Cayman Designs makes chair cushions. The standard direct materials quantity is 1 kilogram per cushion at a cost of $2.50 per kilogram. The actual results for the production of 20,000 cushions was 1.25 kilogram per cushion, at a cost of $2.40 per kilogram. Calculate the direct materials input rate variance and the direct materials efficiency variance. What would you do differently if you were the sourcing manager here?

Reference no: EM132911704

Questions Cloud

Hacking and invasion of the computers of others : Describe a case that has been in the news recently and describe what harm can be done by the unlawful intrusion into the computer of another.
How did identify the primary key and foreign key : How did you identify the primary key and foreign key? Explain. Radisson Blue Hotels stores information about their hotels in different countries.
University common core requirements : Analyze your selection of the University Common Core Requirements (UCOREs-Arts, Sciences, Diversity, Capstone, etc.), concentrations or areas
What the employer total fica payroll tax for this employee : An employee earned $42,500 working for an employer in the current year. What the employer total FICA payroll tax for this employee
Calculate the direct materials input rate variance : Calculate the direct materials input rate variance and the direct materials efficiency variance. What would you do differently if you were the sourcing manager
What is increase in expected monthly product contribution : What is the increase in the expected monthly product contribution for each of the possible changes? Assume long-run production equals sales
Why short position in call option can lead to unlimited loss : Explain the difference between relative and absolute purchasing power parity. Which is a more realistic representation of exchange rate determination?
Leader leadership style : Give the group's overall assessment of the leader, and the leader's leadership style in the history of leadership.
Leadership structure and approach for your company : What is the leadership structure and approach for your Company? What is your overall assessment of the business today and in the future?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd