User Account

All Pages

Calculate the direct materials price variance

Assignment Help Accounting Basics
Reference no: EM132508829

Question - The following data relate to direct materials costs for February:

Materials cost per yard: standard, $1.95; actual, $2.04

Standard yards per unit: standard, 4.64 yards; actual, 5.05 yards

Units of production: 9,100

Calculate the direct materials price variance.

a. $4,135.95 unfavorable

b. $4,135.95 favorable

c. $819.00 unfavorable

d. $3,800.16 favorable

Reference no: EM132508829

Questions Cloud

Policy is medicare policy : Discuss your chosen policy for Final Project Two. Explain why you chose this policy. What about the policy interests you?
What would be the total impact on net income : What would be the total impact on net income and stockholder's equity in 2020, assuming the above investments were accounted
What types of control are important at dollar general : What types of control are important at Dollar General? Why are these important? What technological innovations did Kathleen Guion introduce at Dollar General?
What is the unrealized gain on the bond investment : What is the unrealized gain or (loss) on the bond investment for the year 2020, assuming the bond is accounted for as a trading security?
Calculate the direct materials price variance : Standard yards per unit: standard, 4.64 yards; actual, 5.05 yards. Calculate the direct materials price variance
What effect would the error have upon the net income : What effect would this error have upon the net income of KLM shown on the December 31, 2015 income statement? Ignore tax considerations
Discuss the role of policy analysis in policy modification : Discuss the role of policy analysis in policy modification. Include a description of a federal agency that supports policymaking through policy analysis.
Compute the amount of the direct materials quantity variance : Standard Costs Direct materials 2,200 kilograms @$8.70, Compute the amount of the direct materials quantity variance
Role of collaboration is in assessing organizational culture : What do you think the role of collaboration is in assessing organizational culture? What do you think the role of collaboration is in initiating change?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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