User Account

All Pages

Determine gumchara materials price variance

Assignment Help Accounting Basics
Reference no: EM131739560

Question: Gumchara Corporation reported the following information with respect to the materials required to manufacture amalgam florostats during the current month:

Standard price per gram of materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4

Standard quantity of materials per amalgam florostat . . . . . . . . . . . . . . . . . . . . . 5 grams

Actual materials purchased and used in production . . . . . . . . . . . . . . . . . . . . . . . 6,000 grams

Actual amalgam florostats produced during the month . . . . . . . . . . . . . . . . . . . . 1,000 units

Actual cost of materials purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $18,000

Normal monthly output . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900 units

a. Determine Gumchara's materials price variance.

b. Determine Gumchara's materials quantity variance.

c. Will Gumchara's overhead volume variance be favorable or unfavorable? Why?

Reference no: EM131739560

Questions Cloud

Value stream mapping at sysinteg case study : After reviewing the Value Stream Mapping at Sysinteg case study please address the deliverables below:
Explain the expected impact on the project : Explain the expected impact on the project, and suggest two ways the team could maintain its current goal in both planning and execution.
Training several assistant-project management functions : What are the benefits and pitfalls of cross training several assistant-project management functions.
What role does sourcing agent play in 4ps of marketing : What role does the sourcing agent play in the 4Ps of marketing?
Determine gumchara materials price variance : Gumchara Corporation reported the following information with respect to the materials required to manufacture amalgam florostats during the current month.
Applying an agile methodology : Some friends of yours are working on an information system project. They are applying an agile methodology.
Prepare a brief overview of the company requirements : Prepare a brief overview of the company requirements for a total rewards system. Indicate your strategy for devising a competitive pay structure.
What is the amount of year-end allowance for sales returns : Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts.
Discuss diversity of race national origin or religion : Discuss Diversity of Race, National Origin, or Religion. Choose an article on a current event or a current trend that is related to the experience of people.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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