Compute the variance analysisnbspof

Assignment Help Financial Accounting
Reference no: EM13356322

Compute the Variance analysis of direct Materials.

Information on Rex Co.'s direct material costs for May follows:

Actual quantity of direct materials

30,000

pounds

Actual cost of direct materials.......................................

$84,000as

 

Unfavorable direct materials quantity variance............

$3,000

 

Standard quantity of direct materials ...........................

29,000

pounds

For the month of May, what was Rex's direct materials price variance?

A) $2,800 favorable

B) $2,800 unfavorable

C) $6,000 Unfavorable

D) $6,000 favorable

Reference no: EM13356322

Questions Cloud

Multiple choice question based on share valuation1nbspthe : multiple choice question based on share valuation.1.nbspthe entry to record the issuance of 1000 shares of 1 par value
Multiple choice question based on share valuationyou : multiple choice question based on share valuation.you purchased 100 shares of abc common stock on margin at 50 per
Computation of par value of stock after split offanbspon : computation of par value of stock after split off.a.nbspon december 10 daniel co split its stock 5-for-2 when the
Calculation of current price per sharerizzi co is growing : calculation of current price per share.rizzi co. is growing quickly. dividends are expected to grow at a 25 percent
Compute the variance analysisnbspof : compute the variance analysisnbspof directnbspmaterials.information on rex co.s direct material costs for may
Multiple choice question based on variance analysisarrow : multiple choice question based on variance analysis.arrow industries employs a standard cost system in which direct
Calculation of material and labor variances and setting : calculation of material and labor variances and setting revised standards.maui muumuus manufactures traditional
Calculation of material cost variance labor variance and : calculation of material cost variance labor variance and over head variance.rax company has developed the following
Short questions on standard costing and flexible : short questions on standard costing and flexible budgeting.1.nbspwhich of the following is not true about variances in

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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