Companies direct material usage variance for current year

Assignment Help Financial Accounting
Reference no: EM131286546

Expected to sell 8000 units but actually produced and sold 8500 beds. Direct material 5 yards at $1.50 per yard Direct labor is 40 minutes at $20 per minute In the current year 44,000 yards were purchased and used at a cost of $1.60 per yard and 365,500 direct labor minutes were incurred at a cost of $23 per minute. What is the companies direct material usage variance for the current year.

Reference no: EM131286546

Questions Cloud

Determine the compressive force that must be applied to heat : Determine the compressive force that must be applied to heat the joint to the Inconel melting point within t 3 s, starting from an initial temperature of 20°C.
Professional peer-reviewed sources published : 3-5 Pages excluding cover page, abstract page, and reference page. Students need to support their work with at least 4 academic or professional peer-reviewed sources published within the past five years.
Develop an outline of your recommendations : Develop an outline of your recommendations for these sales promotions. In a role-playing situation, present and defend your recommendations to your boss.
Companies direct material usage variance for current year : Expected to sell 8000 units but actually produced and sold 8500 beds. Direct material 5 yards at $1.50 per yard Direct labor is 40 minutes at $20 per minute In the current year 44,000 yards were purchased and used at a cost of $1.60 per yard and 365,..
Frequency approach to construct a probability distribution : 1. Use the relative frequency approach to construct a probability distribution and show that it satisfies the required condition. 2. Find the expected value of the number of tests taken. 3. Compute the variance. 4. Compute the standard deviation.
Develop an outline for a tv commercial for the new product : Using your recommendations, develop an outline for a TV commercial for the new product. Develop a report of your recommendations.
State any assumptions you find it necessary to make : State any assumptions you find it necessary to make. You are not to contact the organization or interview people for this project. You also should not contact the actual auditors as they will need to keep all the client information confidential.
Derive an expression for the ratio of the total energy : Derive an expression for the ratio of the total energy transferred from the isothermal surface of a sphere to the interior of the sphere Q/Qo that is valid for Fo o.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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