User Account

All Pages

Compute the material purchase price variance

Assignment Help Accounting Basics
Reference no: EM131880688

Question - In July, 2010, Zinger Corp, purchased 20,000 gallons of Numerol for $ 61,000 to use in the production of product #43MR7. During July, Zinger Corp. manufactured 3,900 units of product #43MR7. The following information is available about standard and actual quantities and costs:

Standard for on One unit Actual usage for July

Direct material 4.8 gallons @$ 3 per gallon 18,350 gallons

Direct labor 20 minutes @$ 9 per DLH 1,290 DLHs @$ 9.02 per DLH

a. Compute the material purchase price variance and the material quantity variance.

b. Compute the labor rate, labor efficiency, and total labor variance.

Reference no: EM131880688

Questions Cloud

Explain the significance of marine insurance policies : Explain the significance of marine insurance policies being valued policies - What is the significance of the case of Soya v White to our understanding
Confidence interval for the population proportion : Construct a 90% confidence interval for the population proportion of adults who believe in UFOs.
What did you know about islam before reading the stories : What did you know about Islam before reading these stories? What have you learned about it from reading these stories?
Briefly discuss about the civility in a tedtalk video : Briefly took a look at civility in a TEDtalk video. Our discussion forum also addressed the issue of civility.
Compute the material purchase price variance : During July, Zinger Corp. manufactured 3,900 units of product #43MR7. Compute the material purchase price variance and the material quantity variance
How do you implement the assessment : How do you implement the assessment? describe how? If there are several sections to the assessment how do you administer?
Determine that probability showing work : A training program designed to upgrade the supervisory skills of production-line supervisors has been offered for the past five years at a Fortune 500 company
Prepare necessary journal entries and t-accounts : Provide all journal entries and t-accounts necessary to account for this transaction on an annual basis (from inception of company to the end of the fiscal year
Find the z score for a sample with mean : Samples of size n = 100 are taken from a population that has a mean of 50 and standard deviation of 15. Find the Z score for a sample with mean 46.25.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of depreciation using the

what is the amount of depreciation using the double-declining balance method for the second year of use for equipment

  Cost flows and overhead application cleveland metals uses a

cost flows and overhead application cleveland metals uses a job cost system and applies factory overhead to production

  Compute the amount of overhead allocated

Compute the amount of overhead allocated to the J25P and the J40X cameras for the first quarter using activity-based costing

  Show how income and comprehensive income will be reported

Show how income and comprehensive income will be reported on a comparative basis for the current and prior years, using the two statement format

  Trade account receivable problem

On January 31, 2006, the home office of Wall Company collected a trade account receivable of Doris Branch. The accounting for this transaction by Wall Company should include a:

  Discuss the proper accounting treatment

Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.

  Determine the amount of cash conchita martinez received

Impairments On December 31, 2010, Conchita Martinez Company signed a $1,000,000 note to Sauk City Bank. The market interest rate at that time was 12%.

  Federal reserve board testimonies, press releases

The Federal Reserve offers to the general public numerous publications available at the Website of the Federal Reserve Board at http://www.federalreserve.gov/publications/.

  Equity often listed before liabilities in the balance sheet

_____ 7. Equity often listed before liabilities in the balance sheet (statement of financial position)

  What is the total amount of products produced if ony that

berneys produces two products a and b. a sells for 4.00 per unit b sells for 5.25 per unit. variable costs for a and b

  Assume the firm sells their hearing aid components at a

hear right company has identified certain variable and fixed costs in the production of its hearing aid

  Goals and mission statement to the stakeholders

The second part of the Financial Statements paper will look at the financial statements of Home Depot to ascertain how effective the company's management is in achieving its goals and mission statement to the stakeholders.

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