Compute the direct materials price and quantity variances

Assignment Help Accounting Basics

Reference no: EM131128518

Refer to the data in Exercise 11-8. Assume that instead of producing 4,000 units during the month, the company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

Required:

Compute the direct materials price and quantity variances for the month.

Reference no: EM131128518

Questions Cloud

Evaluate the pros and cons for formal disciplinary process : You are the vice president of Human Resources at Community State University. The president of the university has just informed you that the Maintenance Department is experiencing a high turnover rate in addition to an increase in disciplinary actions..

What is the function of mitosis in a cell : What is the function of mitosis in a cell that is about to divide?- What would happen if mitosis were uncontrolled?

Cash flows from investing and financing activities : Looking forward to next year, if Baldwin's current cash amount is $20,201 (000) and cash flows from operations next period are unchanged from this period and Baldwin takes ONLY the following actions relating to cash flows from investing and finan..

Weekly demand for particular item averages : Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item is managed with a fixed-order-interval model. The order interval is three weeks, and this item has a certain lead time of one week. The desired service l..

Compute the direct materials price and quantity variances : Refer to the data in Exercise 11-8. Assume that instead of producing 4,000 units during the month, the company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

Find some information on supernova rates for galaxies : Our Galaxy appears to be long overdue for the occurrence of another Supernova. Find some information on Supernova rates for galaxies like ours and report those results

What are the characteristics of decent families : By approximately what age does the code of the street fully come to be evidenced in school, according to Anderson (Code of the Street)? In what ways does the code undermine the educational process? How/why do schools serve as "staging areas"?

Prepare a paper about the energy sources : Prepare a Paper about the Energy Sources. Over the duration of this course, you have learned about a number of nonrenewable and renewable energy sources.

Average demand for particular item : Average demand for a particular item is 1,200 units per year. It costs $100 to place an order for this item, and it costs $24 to hold one unit of this item in inventory for one year. If the fixed-order-interval model is chosen in this instance, how o..

User Account

All Pages