User Account

All Pages

Calculate the materials price variance

Assignment Help Accounting Basics
Reference no: EM132888264

Question - The king company produces toilets for nation distrubitonstanders for partial toilet are:

Materials 9 kg per unit at $2 per kg

During the month of May, the company produced 1000 units. Imfo for the month follows:

Materials: 10,000 kg were purchased and used at a total cost of 17000

Required -

a) Calculate the materials price variance and state if its favourable or unfavourable.

b) Calculate materials quantity variance and state if its favourable or unfavourable .

c) State one reason why these variances in part a) and b) could be favourable or unfavourable.

Reference no: EM132888264

Questions Cloud

How has the role of a manager changed over time : How has the role of a manager changed over time?
Compute the takt time : Suppose you need to produce 1,000 units in a 8 hour shift and the plant is operating at 90% available production time. Compute the takt time
How equal opportunity employment will need : Explain how equal opportunity employment will need to be taken into account in a staff appraisal system
Discuss some legal considerations timoci and kamala : Discuss some legal considerations both Timoci and Kamala need to consider when designing and deliberating the company's redundancy process.
Calculate the materials price variance : Materials: 10,000 kg were purchased and used at a total cost of 17000. Calculate the materials price variance and state if its favourable or unfavourable
Development and marketing of plastics technologies : You are the HR manager for a fifty-person firm that specializes in the development and marketing of plastics technologies. When you were hired, you felt the com
Making the covid-19 vaccine a requirement for employment : Why is this topic important and what elements of this topic are related to human resources?
Demonstrates benefits to the organization of high levels : Demonstrates benefits to the organization of high levels of employee engagement. Provides attribution for credible sources used in the infographic.
What necessary preparations should you do : If you will be part of a tourism exhibit, what necessary preparations should you do?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the cost of purchasing the equipment

Thomas Corporation is evaluating whether to lease or purchase equipment. Its tax rate is 30%. Calculate the cost of purchasing the equipment.

  Prepare the lower portion of corpus christi income statement

Prepare the lower portion of Corpus Christi's 2010 income statement, beginning with pretax income for continuing operations

  What is the golden rule of accounting

What is the golden rule of accounting?Create a journal entry and a T-account entry for each of the following transactions:$30,000 worth of supplies purchased

  Identify a substantive auditing procedure

Identify a substantive auditing procedure that could detect errors or frauds that could result from the absence or ineffectiveness of the control items

  Explain the importance of audit documentation

Explain the importance of audit documentation and describe what influences had a significant impact in the development of todays Statement on Auditing

  You have decided that it might be a good idea to create a

you have decided that it might be a good idea to create a personal household budget for yourself. you know you are able

  What is the adjusting entry to be made

Ye Olde Christmas shop signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on October.

  Compute the weighted contribution margin percentage

Cagayan Company sells three products. Planned results for next year are as follows: A B C Unit Selling Price P10 P8 P4. Compute the weighted contribution margin

  What wacc should roxie use to evaluate capital budgeting

What WACC should Roxie use to evaluate capital budgeting projects? Enter your answer rounded to two decimal places. Do not enter % in the answer box.

  Compute the equivalent units of production for october

Compute the equivalent units of production for October assuming that the company uses the FIFO method of accounting for units and costs

  Note your answers may differ from those offered below due

chae corporation uses the weighted-average method in its process costing system. this month the beginning inventory in

  Question - Identify accounts to be debited and credited

Transactions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction

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