User Account

All Pages

Compute what the direct-material price variance is

Assignment Help Cost Accounting
Reference no: EM132738598

The following data relate to product no. 89 of Peter Corporation:

Direct material standard: 3 square feet at P2.50 per square foot

Direct material purchases: 30,000 square feet at P2.60 per square foot

Direct material consumed: 29,200 square feet

Manufacturing activity, product no. 89: 9,600 units completed

Problem 1: The direct-material price variance is:

A. P2,920U.

B. P3,000U.

C. P2,920F.

D. P2,880U

Reference no: EM132738598

Questions Cloud

Example of servicescape that supports the service concept : From a customer perspective, give an example of a servicescape that supports the service concept and an example that detracts from the service concept.
Prepare an income statement for August : Transactions; financial statements - Prepare an income statement for August, a statement of stockholders' equity for August, and a balance sheet as of August 31
What the total amount of actual factory overhead incurred is : What the total amount of actual factory overhead incurred is? The company has three jobs in process, Job # 1, Job # 2, Job # 3.
Competitive strength assessment : Do a competitive strength assessment for your company and two other companies that you and your co-managers consider to be very close competitors.
Compute what the direct-material price variance is : Compute what direct-material price variance is? Direct material purchases: 30,000 square feet at P2.60 per square foot. Direct material consumed: 29,200 square
Do competitive strength assessment : Do a competitive strength assessment for your company and two other companies that you and your co-managers consider to be very close competitors.
Recommendations for a proposed intervention or program : You will be writing a formal Memorandum to the President of the University of Maryland / Local Community Leadership justifying and providing detailed.
Find what the direct-material price variance is : Find What the direct-material price variance is? Standard quantity of direct material allowed for May production, 76,000 gallons
National incident management system : Why are public-private partnerships important in the National Incident Management System?

Reviews

Write a Review

Cost Accounting Questions & Answers

  At end of last year gean company had 30000 units in its

at end of last year gean company had 30000 units in its ending inventory. geans variable production costs are 10 per

  Insolvent trading provisions under the corporations act

Advise whether there have been any breaches of the directors' duties in relation to insolvent trading. Also advise whether any defences are available to the directors

  Update the balance sheet to reflect the transactions

Update the balance sheet to reflect the transactions:

  Prepare any essential journal entry or entries

Prepare any essential journal entry or entries

  Compare all types of evidence

For every situation, show whether the first or second type of evidence is more reliable. Give a rationale for your choice.

  The waverly company has budgeted sales for the year

The Waverly Company has budgeted sales for the year as follows: The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 5,000 uni..

  Does ?nal production report show costs per case

Does the current production report in AVS help achieve these targets? Does ?nal production report show COStS per case that will lead to achieving target?

  What are the inventoriable costs of a merchandising business

Distinguish among service, merchandising and manufacturing companies (provide examples of each). What are the inventoriable costs of a merchandising business?

  What is the basic formula for the markup percentage

What is the basic formula for the markup percentage? What are some of the factors that affect a company's desired ROI?

  Determine the earnings per share of common stock

Determine the earnings per share of common stock, assuming income before bond interest and income tax is $1,000,000.

  How to compute manufacturing cycle efficiency

The Cute Corporation produces small plastic dolls in its Florida. How many defective units were produced? Compute manufacturing cycle efficiency (MCE).

  Question goldman corporation purchased a machine on 1st

question goldman corporation purchased a machine on 1st june 2010 for 55332 f.o.b. the place of manufacture. freight to

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