Determine what the direct materials quantity variance is

Assignment Help Managerial Accounting
Reference no: EM132740677

Problem 1: Bravo Company produces a product that requires 2 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 35,000 pounds, which were purchased at $4.00 per pound, the direct materials quantity variance is _____.

A. $8,750 favorable
B. $8,750 unfavorable
C. $18,750 favorable
D. $18,750 unfavorable
E. none of the above

Reference no: EM132740677

Questions Cloud

Determine the current value and overall capitalisation : A company's current earnings before interest and taxes are Rs 5,00,000. The firm currently has outstanding Rs 10 lakh of debts at an average cost of 8 per cent.
What is investor required rate of return for dubai? metro : Dubai? Metro's stock price was at ?$90 per share when it announced, What is the? investor's required rate of return for Dubai? Metro's stock?
Calculate the Cody cost of goods : Decrease in raw materials inventory P15,000. There was no work in process inventory at the beginning or end of the year. Calculate the Cody's 2014 cost of goods
Calculate the roi for models : Calculate the ROI for both models and make your recommendation for the purchase of one of the models with your reasoning.
Determine what the direct materials quantity variance is : Determine what the direct materials quantity variance is? Bravo Company produces a product that requires 2 standard pounds per unit. The standard price is $3.75
What is the npv of the opportunity : You found a house selling for $350,000. You put a down payment for $30,000 and obtain a 25-year fixed-rate mortgage at 6% compounded semiannually.
Do you favor the pro act or the current secret ballot system : The House of Representatives on February 5, 2020, passed the proposed PRO Act (Protecting the Right to Organize) which is essentially a reinvention of the EFCA.
What is the proper accounting for this guarantee : Assuming that the amount of the guarantee is material amount for ORANGE CO, what is the proper accounting for this guarantee in the books of ORANGE Co.
Explain why is gaining an understanding of the industry : Why is gaining an understanding of the industry and type of business an important starting point for financial statement analysis?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How much is the total cost for super duper corporation

Super Duper Corporation spent $55,000 for rent on a production facility, $5,000 for raw material, $30,000. How much is the total cost?

  What is the dollar sales volume for product q

At the breakeven point, what is the dollar sales volume for Product Q? Ferguson Co. incurs $568,000 in fixed costs while producing three products

  Compute the balance in the accounts at the end of april

Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April. (Round your answers to 2 decimal places

  Analyze the cost per liter out of the mixing department

Find and analyze the cost per liter out of the Mixing department? Conversion costs are added evenly throughout each process. Data from the current month

  Discuss the use of budgets in planning and control

Discuss the use of budgets in planning and control. A firm's growth must be carefully guided by its leadership to ensure all factors of expansion are considered

  How do make journal entry in general journal form to record

How do Make journal entries (in general journal form) to record the above transactions. Use a 360-day year in making the interest calculations.

  Are these added to the initial cost

Are these added to the initial cost? Likewise, the item has annual operating revenue of 2M but also incurs 400K in operating expenses, annual fee of 5K for environmental impact.

  Compute the anticipated break-even sales

Philip Company,Compute the sales (in units) required to realize an operating profit of $8,000. Compute the anticipated break-even sales.

  Predetermined overhead rate-mallory corporation

Mallory Corporation produces two products: A and B. The company's expected factory overhead costs for the coming year are as follows: Calculate the predetermined overhead rate based on direct labor hours and based on machine hour. Calculate the unit..

  Importance of cash-flow conversion cycle

Describe the importance of the cash/flow conversion cycle. 2) Compare and contrast various current asset management techniques. 3) Compare and contrast the various methods of short-term financing.

  How much operating room overhead would be charged

Bill Harris had a 4-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined.

  Find the standard material cost of ten litre container

Tahmar Valley Chemical Company manufactures industrial chemicals. Find the standard material cost of a 10 litre container of the new product.

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