User Account

All Pages

Compute the materials price variance indicating

Assignment Help Financial Accounting
Reference no: EM132936990

PURE Inc. produces flavored waters, sold in gallons. Recently the company adopted the following materials standard for one gallon of its raspberry flavored water:

Direct materials (90 oz. @ $0.08) $ 7.20

?During the first month of operations the company experienced the following results:

A. Gallon units produced: 80,000
B. Ounces of materials purchased and used: 7,320,000 ounces at $0.07
C. No beginning or ending inventories of raw materials

Required:

Problem A. Compute the materials price variance indicating if it is favorable or unfavorable.

Problem B. Compute the materials usage variance indicating if it is favorable or unfavorable.

Reference no: EM132936990

Questions Cloud

What conclusions can draw about the management : Analyze the cash flows of ABC Company. What conclusions can you draw about the management of the company based on their cash flows?
Compute the amount of dividends that will be paid in total : Compute the amount of dividends that will be paid in total and per share on preference shares and ordinary shares for each year under different given assumption
Discuss the financial pressures : -Discuss the financial pressures that are being placed on business leaders and which could impact the future sustainability of employment and organizations in g
Perform recovery for poor service in hospitality industry : Pick a situation where you would perform the recovery for poor service in hospitality industry and explain four stages of recovery for that problem?
Compute the materials price variance indicating : Compute the materials price variance indicating if it is favorable or unfavorable. Ounces of materials purchased and used: 7,320,000 ounces at $0.07
Eliminating discrimination from the workplace : Write a 1,000-word paper. In your readings and videos this week, many companies were highlighted as case studies. You are welcome to use those companies for thi
Make the entry in the journal of the first interest payment : Make the entry in the Journal of the first interest payment. The company Vinos Andaluces SA, issued bonds on December 31, 2020 with a life period of 4 years.
Understanding of strategic human resource management : This unit provides you with the opportunity to further develop your knowledge and understanding of strategic human resource management and its critical importan
How privacy legislation can have an impact on the collection : Prepare a presentation that describes how privacy legislation can have an impact on the collection, retention, use and disclosure of HR information.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Acquired new bottling equipment with a list price

On April 1, Clear Water Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $350,000. Clear Water received a trade-in allowance of $50,000 on the old equipment of a similar type and paid cash of $300,000

  What should be cosco earnings per common share

On January 1, 2018, Cosco issued 400,000 shares of convertible preferred stock. What should be Cosco earnings per common share

  An element of just-in-time processing

An element of just-in-time processing is

  Standard deviation of a portfolio of two stocks

What is the standard deviation of a portfolio of two stocks given the following data? Stock A has a standard deviation of 22%.

  What is the effect of each of the transactions on the item

The company repurchased 1,000 shares of its stock for $45 during the period. What is the effect of each of these transactions on the items

  Explain the expected year-end stock price

Roland Resources has a new management team, Calculate and explain the expected year-end stock price if the company proceeded with the recapitalization.

  What is the amount for the year end adjusting journal entry

What is the amount for the year end adjusting journal entry? An analysis and aging of the accounts receivable of the Crenny Corporation at December 31

  How much do need to contribute each year to fund

You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your? retirement?

  How do explain the wacc in the context of a hurdle rate

How do Explain the WACC in the context of a hurdle rate, return on invested capital (ROIC), an optimal capital structure, and an optimal capital budget.

  Purpose a monthly cash budget and supporting schedules

Purpose a monthly cash budget and supporting schedules for March, April, and May.

  Prepare the current balance sheet for the firm

Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $550 million. Current assets, fixed assets, and short-term debt are 20 percent, 80 perce..

  What are fixed costs-variable costs-direct costs

Explain how cost accounting can be used in your organization. What are fixed costs, variable costs, direct costs, and indirect costs? Which of these have you worked with? How was that information used to make decisions? Please cited the reference

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