User Account

All Pages

Compute the total materials variance

Assignment Help Managerial Accounting
Reference no: EM133071623

Question - The standard cost of Product B manufactured by Blossom Company includes 3.3 units of direct materials at $5.40 per unit. During June, 26,800 units of direct materials are purchased at a cost of $5.30 per unit, and 26,800 units of direct materials are used to produce 8,000 units of Product B.

Compute the total materials variance and the price and quantity variances.

Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.45 and the quantity purchased and used is 26,800 units.

Reference no: EM133071623

Questions Cloud

Range of retail products : Great River Online Automated Retailer (GROAR) was set up by its brilliant but reclusive founder on the basis of computer software and a team of robots he develo
Analysis of the entertainment market : Complete Porter's 5 forces analysis of entertainment market where Disney+ competes. Is there evidence that Disney has followed interactive strategy with Disney+
Triple-leveraged etfs : Underlying unlevered ETF demonstrated the following path over a four day period:
Determine net purchases and cost of goods purchased : Purchases 500,000; Purchase Returns and Allowances 14,000; Purchase Discounts 9,000; and Freight-in 15,000. Determine net purchases and cost of goods purchased
Compute the total materials variance : Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.45
What the ending retained earnings balance after closing : The retained earnings account before closing had a balance of $311,000. What the ending retained earnings balance after closing
Value-based care is trend : Value-based care is a trend that seems to be gaining momentum but alone is not curbing the cost of health care.
What is the value of u for richard smith : Suppose the following is the true population model of the effect of Return on Assets (ROA) on CEO salary: Annual CEO Salary = ß0 + ß1Annual ROA + u. Further, su
What is the firm weighted average cost of capital : The firm is financed with debt and equity. The book value of the debt is $10,000,000; the book value of the equity is $30,000,000. The stockholders require an 1

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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