Compute the materials quantity variance

Assignment Help Accounting Basics
Reference no: EM132283978

Question - Memorial Heart Hospital provides angioplasty procedures to patients according to the following standards.

Standard Quantity or Hours Standard Price or Rate Direct materials (stents) 2.00 stents per procedure $1,240 per stent Direct labor (cardiologist) 2.00 hours per procedure $220 per hour.

For the most recent year, the hospital reported the following actual data: Number of procedures performed 35 Number of stents purchased and used 68 Total cost of stents purchased and used $82,400 Number of direct labor hours 67 Total cost of direct labor $14,100

Compute the materials quantity variance.

Reference no: EM132283978

Questions Cloud

What is the transaction price and when recognized : The present value of the future payments is $510,700. What is the transaction price and when recognized
Determining the organization structure and flow of actions : B325 - Managing Across Organizational & Cultural Boundaries - Arab Open University - provide a critical discussion and refer to the course material
What are the requirements of obtaining the CMA : How many members are there and, generally, where are they located? What are the requirements of obtaining the CMA
Calculate the minimum net business income : On January 1, 2018 her class 8 UCC is $38,160. Calculate the minimum net business income Carol would include in her 2018 personal income tax return
Compute the materials quantity variance : Standard Quantity or Hours Standard Price or Rate Direct materials (stents) 2.00 stents per procedure $1,240 per stent, Compute the materials quantity variance
Marginal cost of another case within this range : What is the marginal cost of another case within this range?
What is asymmetric information : What is asymmetric information? Explain adverse selection and moral hazard problems arising because of asymmetric information
What would be the advantages or disadvantages : What would be the advantages or disadvantages. Monopolies are often regulated, should we also regulate oligopolies in the United States?
How can business benefit from the gig economy : How can business benefit from the gig economy? What will happen if many people are paid under the minimum wage rates?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Complete the journal entries

Complete the journal entries: On 1/1/2016 Debbie Smith Corporation issued 180 shares of $4 Par value Common Stock for $6200

  Moore co reported a retained earnings balance of 400000 at

moore co. reported a retained earnings balance of 400000 at dec. 31st of the previous year. in august of the current

  What was the book value of the equipment on january

Equipment acquired on January 4, 2009, at a cost of $320,200, What was the book value of the equipment on January 1, 2012

  Estimated total manufacturing overhead

Eisentrout Corporation has two production departments, The estimated total manufacturing overhead for the Machining Department is closest to

  Compare the present and proposed plans

Top management is seriously considering a "no-charge" plan. Compare the present and proposed plans. What are their strong and weak points

  Discuss what was the average price of common shares

What was the average price of common shares when they were issued

  Compute the cost of the ending inventory

Jones Company had 100 units in beginning inventory at a total cost of $10,000. Compute the cost of the ending inventory and the cost of goods sold under FIFO

  What is the flexible budget amount for direct labor

Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $23.50 per hour.

  Calculate the total indirect manufacturing costs

Required - Calculate the total indirect manufacturing costs for December from the information given above

  Prepare a report that evaluates hilda financial reporting

ACC 3010 Assignment, prepare a report that identifies and evaluates Hilda's financial reporting choices and methods

  The comparative income statement in thousands of dollars

the comparative income statement in thousands of dollars for the fiscal years 2008 and 2007 was adapted from the annual

  Before considering a net operating loss carryforward of 40

before considering a net operating loss carryforward of 40 million fowler corporation reported 100 million of pretax

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