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Question - For making 10 kg. of yarn, the standard material requirement rates are:
Material Quantity = 4 kg Rate per kg. = Rs. 3.00.
In a month, 2,000 kg. of yarn was produced. The actual consumption of materials is as under: Material Quantity = 700 kg Rate per kg. = Rs. 4.00
(a) Calculate the Material Usage Variance?
(b) Calculate the Material Price Variance?
(c) Calculate the Material Cost Variance?
Give reasons for your answer. Discuss how the management can remedy the unfavorable variances.
How do Calculate Schomberg Milk Products's operating income in the next quarter if it manufactures 100,000 boxes and 125,000 units.
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qgerhan companys flexible budget for the units essentially manufactured in may shows 15640 of total factory overhead
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$28 million, was based on management criteria that did not directly relate to shipbuilding requirements. What does the use of such criteria represent?
On 1 October 2015 Mr. X an exporter enters into a forward contract with a BNP Bank to sell US$1,00,000. Find the Net Inflow to Mr. X
Peter Production Ltd., Prepare the Cost of Goods manufactured schedule for the quarter. Prepare the cost of goods sold schedule for the quarter.
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NSA Company produces baseball bats. Each bat requires 3 pounds of aluminum alloy.
How many units were produced during the period? How many pounds of raw materials were purchased and used during the period? What was the actual cost per pound of raw materials?
London purchased a piece of real estate last year for $82,200. The real estate is now worth $103,400. If London needs to have a total return of0.20 during the year, then what is the dollar amount of income that she needed to have to reach her obje..
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