Calculate the material budget variance

Assignment Help Accounting Basics
Reference no: EM133085660

Question - Sprague company's standard material cost per unit of output is $10 (2kg x $5) during July the company purchases and uses 3,200 kg of materials costing $16544 in making 1530 units of finished product. Calculate the material budget variance?

Reference no: EM133085660

Questions Cloud

Determine the value of net assets : Pendo Ltd. paid a consideration of Shs. 25,000,000.00 and acquired 80% of Imani Ltd. Determine the Value of Net assets
Appropriate marketing mix to implement that strategy : Based on your analysis, suggest a strategy from the product/market expansion grid and an appropriate marketing mix to implement that strategy.
What was ace plumbing revenue for the year : Question - During the current year, assets of Ace Plumbing increased from $68,000 to $76,000, What was Ace Plumbing revenue for the year
Business unit differentiation strategy : What skills should a person have for managing a business unit following a differentiation strategy?
Calculate the material budget variance : Sprague company's standard material cost per unit of output is $10 (2kg x $5). Calculate the material budget variance
Licensing and Franchising-Explanation of the key term : Explanation of the Key Term (Licensing and Franchising). Major Article Summary about Licensing and Franchising.
What amount of depreciation should be recorded each year : Based on this change in estimate, what amount of depreciation should be recorded each year over the remaining life of the asset
What is the present value of the building : Caddis Company acquired a building with a loan that requires payments of $22,000 every six months for 3 years. What is the present value of the building
Show calculations for ending inventory and purchases : Show calculations for ending inventory, purchases, and cost of goods sold for the first three quarters of 2022

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss how many units does the company need to sell to earn

Approximately how many units does the company need to sell to earn $10,000 in net income if the sales price per unit is $18

  Calculate the breakeven bid to outsource component

The following cost card was found in the Inventory ledger for part AAA. Direct Materials $600, 20 hours of Direct Labor at $20 per hour $400, manufacturing overhead is applied at $15 per direct labor hour, one third of the overhead is fixed the re..

  Journalize the entries required on each date

The declaration, record, and payment dates in connection with a cash dividend of $101,600. Journalize the entries required on each date

  How much of the raw materials cost would be added to the

fairfield companyrsquos raw materials inventory transactions for the most recent month are summarized

  What was the net cash flow

If cash increased by $1.1 million during the year, what was the net cash flow provided from operating activities

  Question - reporting financial items in the balance sheet

Question - Reporting Financial Items in the Balance Sheet. Bond sinking fund, $60,000; this fund is being accumulated to retire the bonds at maturity

  Prepare a production budget for second quarter

Required - Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture

  What is the total amount of cash interest

Veronique Inque issued $2,000,000 in bonds with a stated rate of 10%, due in 10 years. What is the total amount of cash interest

  Post the june transactions and adjusting entries

Open T accounts for all of the accounts on the May 31, 20xx trial balance. Post the June transactions and adjusting entries to the T accounts

  What is the price rosario would have to charge per unit

What is the price Rosario would have to charge per unit on this special order to earn additional profit of 30,000 p? (Round your answer to 2 decimal places.)

  Explain the purpose of an amortization schedule

Explain whether you would you rather have a savings account that paid interest compounded on a monthly basis or compounded on an annual basis? Why?

  Computing diluted earnings per share for the quarter

Net income for the quarter was $8,268. Find the number of shares to be used in computing diluted earnings per share for the quarter

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!

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