User Account

All Pages

Calculate the material price variance

Assignment Help Managerial Accounting
Reference no: EM132963408

Question - At Crown Point, the standard price for the M640 electrical relay (a component used in the production of a commercial refrigeration unit) is $60. Standards call for 2.0 relays per unit of finished product. In July, the company purchased 140 relays for $7,840. The company used 105 relays in the production of 48 refrigeration units (4 relays were damaged in the installation process). Calculate the material price variance and the material quantity variance related to the M640 electrical relay. Indicate whether the variances are favorable or unfavourable.

Reference no: EM132963408

Questions Cloud

How much is the impairment loss : PROBLEM - ABC Corporation bought an equipment with a total cost of P4,000,000 on Jan. 1, 2016. How much is the impairment loss
Prepare the journal entries from the year : The prevailing market rate of interest for this type of note is 12%. Prepare the journal entries from the year 2021 to 2025
Design a new employee onboarding program for that job : Choose a job you are familiar with. Design a new employee onboarding program for that job.
Sole proprietorship business of individual : The sole proprietorship business of Individual M purchased a machinery amounting to $UY. The machinery is expected to be useful for a period of RR yR and have a
Calculate the material price variance : The company used 105 relays in production of 48 refrigeration units (4 relays were damaged in the installation process). Calculate the material price variance
Different stakeholders according to the oh-s act : Describe the responsibilities of the different stakeholders according to the OH&S Act,
Psychometricone skill testing program : Briefly describe at least two psychometricone skill testing program Explaineach and you have identified as suitable, using your own words. the relevance of of t
Calculate the expected return for c inc : Question - Calculate the expected return for C Inc. which has a beta of 0.8 when the risk free rate is 0.04 and you expect the market return to be 0.12
Summarise the code of practice : Summarise the Code of Practice - Working Hours 2006, established under the OHS Act, which applies to working hours arrangements and training. Include comment on

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