User Account

All Pages

Compute the total direct materials cost variance

Assignment Help Managerial Accounting
Reference no: EM132973565

Problem 1: A company provided the following direct materials cost information. Compute the total direct materials cost variance.

Standard costs assigned: Direct materials standard cost (413,000 units @ $3.00 / unit)$1,239,000

Actual costs: Direct Materials costs incurred (411,750 units @ $3.20 / unit)$1,317,600

Multiple Choice

Option 1: $82,350 Unfavorable.
Option 2: $78,600 Favorable.
Option 3: $3,750 Favorable.
Option 4: $78,600 Unfavorable.
Option 5: $82,350 Favorable.

Reference no: EM132973565

Questions Cloud

What the direct materials quantity variance is : Georgia, Inc. has collected the data on one of its products. The direct materials quantity variance is? Total direct materials cost variance-unfavorable $15,750
Find what the budgeted amount of variable costs for units be : Find what the budgeted amount of variable costs for 17,000 units would be? Based on a predicted level of production and sales of 19,000 units.
What the budgeted amount of variable cost units would be : What the budgeted amount of variable costs for 17,000 units would be? Based on a predicted level of production and sales of 19,000 units, a company anticipates
What the sales expected if the company produces units is : What the sales expected if the company produces and sells 20,000 units is? A company's flexible budget for 15,000 units of production showed sales
Compute the total direct materials cost variance : Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (413,000 units @ $3.00 / unit)$1,239,000
What the preliminary cash balance at the end of august is : Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is
What the march expected cash receipts from current credit : What the March expected cash receipts from all current and prior credit sales is? A company's history indicates that 30% of its sales are for cash
Pros and cons of telepresence robots : Please discuss the pros and cons of telepresence robots. Can you think of any additional uses for a telepresence robot?
What the investment turnover is : Financial data for one of its divisions for the year; average invested assets of $475,000; sales of $945,000; and income of $107,000. The investment turnover is

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find three companies that currently using balanced scorecard

Find three companies that are currently using a Balanced Scorecard System. Then discuss in as much detail as possible the specifics of the balanced scorecard

  Solve the target sales value using the marginal income ratio

Solve the target sales value using the marginal income ratio, if profit of R 600 000 is desired. Estimated units of production and sales

  Find the estimated fixed maintenance cost for the hospital

The following data was input into a spreadsheet program to determine the Intercept, Slope and R2 (RSQ) for Patient Days

  Find total cost of may raw material purchases

Determine total cost of May's raw material purchases. Round answer to closest dollar. Simple Manufacturing is planning that 600 and 650 units will be built

  What the unadjusted cost of goods sold for may is

The unadjusted cost of goods sold (the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for May is closest to

  What is total equivalent units for mountain springs water co

What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?

  Calculate the cash that tabcomp can expect to collect

TabComp Ltd is a retail distributor for MZB-33 computer hardware and related software and support services. Calculate cash that TabComp can expect to collect

  Prepare a cost of goods manufactured statement

Cost of Manufacturing Statement - Prepare a cost of goods manufactured statement for the year ended 31 December 2018

  Prepare statement of cost of goods sold

Prepare statement of cost of goods sold and a statement of cost of goods manufactured for 2019, information is available for Booker Company for 2019

  Why there should be a budget discussion

You are the secretary of Jose Ruiz, how can you explain to him why there should be a budget discussion and approval of the said budget

  What should be the overall effect on the companys monthly

What should be the overall effect on the company's monthly net operating income of this change if fixed expenses are unaffected?

  What is the balance in the lease payable for duckduck at dec

What is the balance in the lease payable for DuckDuck at Dec. 31, 2019? What is the balance in ROU asset for DuckDuck at Dec. 31, 2019?

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