User Account

All Pages

Compute the materials spending variance

Assignment Help Managerial Accounting
Reference no: EM133138242

Question - The following information is available for Great Outdoors Corporation, which produces sturdy camping chairs.

Actual camping chairs produced = 5,000

Actual direct materials purchased and used = 21,250 pounds

Actual direct materials cost per pound = $4.90 per pound

Budgeted camping chairs produced = 5,500

Budgeted direct materials purchased and used = 22,000 pounds

Budgeted total spending on direct materials = $110,000

Required -

Use the information presented for Great Outdoors to compute the materials spending variance.

Use the information presented for Great Outdoors to compute the materials efficiency variance.

Use the information presented for Great Outdoors to compute the materials activity variance.

Using the information presented for Great Outdoors, which of the following statements are true? (Choose all that apply.)

-The materials spending variance is favorable

-The materials efficiency variance is favorable.

-The materials activity variance is favorable.

Reference no: EM133138242

Questions Cloud

The project is kitchen remodel and renovation : The Project Management Institute (PMI) is clear that a project cannot exist without a project charter.
Respective competency description : The performance evaluation will be for an hourly employee and needs to include each of the Emotional Intelligence (EQ) competencies.
Develop the performance appraisal : Create an performance appraisal template for the company. As you develop the performance appraisal, reflect on your EQ and personality style. Be sure that your
Education and training development plan for ann : Ann has a Diploma in Accounting and completed the Payroll Compliance Practitioner (PCP) certification one year ago. She has been working as your Payroll Coordin
Compute the materials spending variance : Budgeted direct materials purchased and used = 22,000 pounds. Use the information presented for Great Outdoors to compute the materials spending variance
Describe the timing and style of meeting : An employee that was hired three months ago is not meeting the minimum expectations or goals originally outlined in their Performance Management agreement. The
Define transferable skills : Define 'transferable skills' Identify the transferable skills a payroll manager possesses
Analytical frameworks of strategic management : We began to work on cases that draw upon an understanding of the concepts and analytical frameworks of Strategic Management.
Describe view of quality in healthcare from the perspective : Describe your view of quality in healthcare from the perspective of a patient, healthcare professional, and third-party payer. Why is it important to consi

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate the times interest earned ratio

Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, calculate the times interest earned ratio

  What was the amount of cost of goods manufactured last month

What was the amount of cost of goods manufactured last month? TechCom Inc. manufactures laptops. Last month, direct materials (e.g., computer components)

  Compute how much should perry contribute to the partnership

Compute How much should Perry contribute to the partnership? KATY, a sole proprietor wanted to expand her profitable business but she does not have enough

  Demonstrate the company break-even point in unit sales

Demonstrate the company's break-even point in unit sales. In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price of the company

  Based on your analysis in part c

Based on your analysis in part c, briefly comment on how well the company has controlled its investment in inventory.

  Which is not a common scenario in a transaction

Which is NOT a common scenario in a B2B transaction? A wholesaler informing retailers about a new product by posting specs on a private website.

  What was the cost of jobs completed in April

Question - ABC inc. produces small, custom earth-moving equipment for landscaping companies. What was the cost of jobs completed in April

  Compute project a accounting rate of return

Project A requires a $280,000 initial investment for new machinery with a five-year life. Compute Project A accounting rate of return

  How can eec avoid these behaviors

Discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation.

  How much does bechtel have to pay in one year

Turner and Bechtel. Turner offers to pay $50,000,000 now. How much does Bechtel have to pay in one year

  Why do think companies including successful ones

A critic says cost allocations are arbitrary and potentially misleading. Why do you think companies, including successful ones, continue to allocate costs?

  Calculate return on investment for each investment

Calculate the return on investment (ROI) for each investment opportunity. Which investment opportunity would be accepted? Why

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