User Account

All Pages

Determine the direct materials quantity variance

Assignment Help Accounting Basics
Reference no: EM133074598

Question - A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,200 units of this product, using 7,400 pounds of Material J that cost $21,080. Determine the direct materials quantity variance?

a. $1,120 favorable.

b. $600 favorable.

c. $600 unfavorable.

d. $1,120 unfavorable.

e. $520 favorable.

Reference no: EM133074598

Questions Cloud

What is the price of the bond : A 6% $100,000 bond has exactly 6 years to maturity and pays semi-annually. What is the price of the bond if the yield is 7.64%pa?
Fundamental concept used in financial analysis : The Time Value of Money is a fundamental concept used in financial analysis. Explain why it is important for financial managers to understand and utilize the pr
What annual rate of return must Kirk earn : Assume that the cost of the ring will be ?$12,500 in 9 years. Kirk currently has ?$4,482 to invest. What annual rate of return must Kirk earn
Calculate the price of an option : Calculate the price of an option that caps the three-month rate, starting in 15 months time, at 13% (APR with quarterly compounding) on a principal amount of $1
Determine the direct materials quantity variance : A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. Determine direct materials quantity variance
What is the most mean-variance efficient portfolio : What is the most mean-variance efficient portfolio? Is the one with reward to variability ratio most closely to 1? or the maximum one?
Project lifecycle during the construction of the port : Sunrise Energy Pvt. Ltd. Is considering entering into a project finance contract to build port facilities on the shore of Gujarat for importing Liquified Natura
Determine the value of the apartment complex : Bandal Corporation wishes to purchase an apartment complex that provides annual cash flows from rental property of $2,000,000.
Determining the average tax rate on for individual : What is the average tax rate on for an individual who had $45,000 employment income and $10,000 in net rental income and paid a total of $17,600 in taxes?

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