User Account

All Pages

Calculate the variances

Assignment Help Managerial Accounting
Reference no: EM133030882

Question - Given the following data:

 

Direct Material

Direct Labor

Standard

 

 

Standard price per unit of input

$10 per foot

$10 per hour

Standard inputs allowed per unit of output

5 feet

3 hours

Actual

 

 

Actual price per unit of input

$12 per foot

$9 per hour

Actual units of input

2,300 feet

1,350 hours

Actual units produced was 500 units.

Required - Calculate the following variances and indicate whether they are favourable or unfavourable:

I. Material price

II. Material usage

III. Total material variance

Reference no: EM133030882

Questions Cloud

Scenario analysis assessment : Analyse the information contained in general purpose financial statements, to evaluate the overall financial position and performance of a business
Business retreats-conference centers : Pick a place by googling "Business Retreats" or "Conference Centers" and tell me why you chose this place.
Prepare all the entries related to the lease contract : Prepare all the entries related to the lease contract and leased asset for the year 2020 for the lessee and lessor, assuming the following executory costs
Implementation of kotter change model in music therapy : Question 1: Describe how Kotter's change model will be applied in the implementation of music therapy in the hospital.
Calculate the variances : Actual units produced was 500 units. Calculate the following variances and indicate whether they are favourable or unfavourable: Material price
Usefulness of sql in the business world : Problem: Perform an Internet search and locate a resource about the usefulness of SQL in the business world.
Logistical readiness of cowbell microbrewerry : Discuss any logistical concerns in getting the product/service to market and is your product easily transportable?
Role in marketing strategy : Blog Activity - Identify the DMC mix and its application inmarketing management and planning and Demonstrate an understanding of the DMC environment
Decribe a time when a value was tested : Problem: Identify your Top 10 values. Reflect on those values and decribe a time when a value(s) was tested.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare direct material purchase budget for company

Company is preparing budget for fourth quarter,Prepare direct material purchase budget, schedule of expected cash payment and direct labor budget for quarter 4.

  What the average rate of return for pink petunias

What the average rate of return Is? Pink Petunias, a wholesale nursery, is considering purchasing a new machine for their business for $300,000.

  What the identification of cost drivers is perhaps

What the identification of cost drivers is perhaps the most important step in developing the cost estimate because?The other steps are easier to execute.

  Should barber purchase the blower outside or make

Should Barber purchase the blower outside or make? Barber Manufacturing currently makes 2,000 units of gas-powered leaf blowers each year.

  How traditional costing system could be used

Explore how a standard/traditional costing or activity-based costing system would/could be used. What are the benefits and the risks

  How much would absorption costing income from operations

How much would absorption costing income from operations differ between a plan to produce 10,000 units and a plan to produce 15,000 units?

  What the amount of money to invest today is

What the amount of money to invest today is? You estimate that it will take five years to complete college education. Your parents want to invest enough money.

  Calculate free cash flow of canwest global communications

Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $123,356,020 and sales revenue of $3,383,601,620 during 2022.

  How many units will have to be sold in april

Assume that acme increases the selling price by 10% on April 1. How many units will have to be sold in April to maintain the same level of operating income

  Estimate a manufacturing overhead cost formula

Analysis using only the data points in the relevant range of activity estimated the total fixed costs to be $10,090 and variable costs to be $3.53 per machine

  Compute the order base manufacturing method

CM ratio and variable expenses ratio. If Paste Corporation uses the Process base manufacturing method and Order base manufacturing method

  What tax expenses shown in latest financial statements

Corporate Accounting Assignment - What are the tax expenses shown in the latest financial statements of the two companies that you have selected

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