Compute the materials price variance for november

Assignment Help Accounting Basics
Reference no: EM131778612

Question - Degregorio Corporation makes a product that uses a material with the following direct material standards:

Standard quantity - 4.0 kilos per unit

Standard price - $9.00 per kilo

The company produced 7,200 units in November using 29.290 kilos of the material. During the month, the company purchased 31,480 kilos of the direct material at a total cost of $277,024. The direct materials purchases variance is computed when the material are purchased.

The materials price variance for November is:

$5,592 F

$5,592 u

$6,296 F

$5,296 U

Reference no: EM131778612

Questions Cloud

What forms of transportation do their residents depend on : Are any planned suburbs or exurbs located around your town? What forms of transportation do their residents depend on? Why are these important?
What would be the total world production of popcorn : Assume the two countries choose autarky and do not trade. What would be the total world production of popcorn and peanuts under the autarky?
Special-district government ruling boards : How are the special-district government ruling boards chosen? What kind of regional planning body or government does the region have?
Describes health policy recommendations : Conduct a search for programs at the local, state or federal level that are addressing the issues you chose from the Healthy People 2030 website.
Compute the materials price variance for november : The company produced 7,200 units in November using 29.290 kilos of the material. The materials price variance for November is
Processes associated with plate boundaries : Processes associated with plate boundaries, including the type of boundary, earthquakes, volcanism, and rock deformation
Summarize the feedback shared by three nurse colleagues : Write an informal presentation to educate nurses about how the practice of nursing is expected to grow and change.
Oldest sovereign state category : Considering Figure 3.1 Sovereign States By Age, which of the following states is NOT in the 'oldest' sovereign state category?
What cost of making component should be compared to price : When deciding whether to make or buy the component, what cost of making the component should be compared to the price of buying the component

Reviews

Write a Review

Accounting Basics Questions & Answers

  The 100 number in a common-sized income statement

the 100 number in a common-sized income statement isa. total operating expensesb. gross profitc. net profitd. sales or

  The sec edgar website and access

Go to the SEC Edgar website and access the most recent Form 10-K for Home Depot and Lowe's. Both companies are publicly-traded U.S. company and answer the following questions.

  Base erosion for multi-national corporations

A major issue related to base erosion for multi-national corporations is transfer pricing methods selected by companies.

  Evaluate the criteria for classification of the lease

Evaluate the criteria for classification of the lease, and describe the nature of the lease. In general, discuss how the lessee and lessor should account for the lease transaction.

  Accel graphics is a graphics design consulting firmkaty

accel graphics is a graphics design consulting firm.katy its treasurer has prepared a classified balance sheet as of

  Audit planning and control

Audit Planning and Control

  What are the intrinsic values of stocks d & g

person is considering buying the stock of two home health companies that are similar in all respects except the proportion of earnings paid out in dividends.

  What is the effect of a debit to an expense account

When you registered for this class and paid your tuition, you interacted with the college's information systems.

  Key information about the selected organization

Introduction - Outline you're the purpose of this essay (about 100 words) and provide the key information about the selected organization (about 150 words), information includes products, markets, competitors, organizational goals and strategies e..

  Describe the operating strategies after the fdi decision

Operating Strategies after the FDI Decision. The following operating strategies, among others, are expected to reduce damage from political risk.

  What are the capitalization criteria for a capital lease

What are the capitalization criteria for a capital lease - What comprises the lessee's minimum lease payments? What is excluded and How do IFRS differ from GAAP regarding accounting for leases? Are there any major issues?

  Measuring the current status of the issue

The document should explain how the data are to be used, how they support measuring the current status of the issue, and the end condition of the issue once it is resolved.

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