Direct materials purchased

Assignment Help Financial Accounting
Reference no: EM13925122

1. Compute the following for August:

a. Total pounds of direct materials purchased

b. Total number of pounds of excess direct materials used

c. Variable manufacturing overhead spending variance

d. Total number of actual direct manufacturing labor-hours used

e. Total number of standard direct manufacturing labor-hours allowed for the units produced

f. Production-volume variance

2. Describe how Gallo's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

Reference no: EM13925122

Questions Cloud

How would you go about picking the best keywords : How much would you end up paying for a click-through on your paid ad - Just for this sub-question, assume that everyone's quality score is identical. How much would you then end up paying for a click-through on your paid ad?
Would you be paying attention to the interest rate forecasts : Will it be different if most of the company's production is exported? Would you be paying attention to the interest rate forecasts?
Linear programming formulation of the transportation problem : In the linear programming formulation of the transportation problem, cost of transporting one unit of the material from a supply point to a demand point appears in
What macroeconomic factors would you consider while studying : The Head of Business of your bank argues that after continuous decline over the last two years. As Head of Credit Risk of the bank, what macroeconomic factors would you consider while studying this proposal?
Direct materials purchased : Total pounds of direct materials purchased Total number of pounds of excess direct materials used
Explain area you would focus on as part of industry analysis : You have decided to conduct an industry analysis of major industries in your area. Explain the major areas you would focus on as part of the industry analysis.
Compute the payback period and net present value : Gavin and Alex, baseball consultants, are in need of a microcomputer network for their staff.
Budgeted indirect cost allocation rate : Ireland Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 80,000. What is the budgeted indirect cost allocation rate for this activ..
Have the class discuss how the categories : Have the class discuss how the categories of compensation cost are similar and why some are more or less than those of the other companies.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are the advantages of using the roi measure

What are the advantages of using the ROI measure rather than the value of division profits as a performance evaluation technique?

  Why is the accumulated deficit larger in the current year

Why is the accumulated deficit larger in the current year than in the prior year?

  Prepare an income statement for the company

Prepare an income statement for the company using absorption costing and prepare an income statement for the company using variable costing.

  Assets that qualify for interest cost capitalization

Rice Co. exchanged merchandise that cost $24,000 and normally sold for $36,000 for a new delivery truck with a list price of $40,000. The delivery truck should be recorded on Rice's books

  Agi expenses tuition costs

Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,900 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,200 for herself to attend semi..

  Advantages of using the direct technique

Evaluate the relevant costs of the old machine and the new machine.

  Illustrate what are the adjusting journal entries

The new patent will protect the value of the old one only for a 4 year period. Illustrate what are the adjusting journal entries

  How much must ted include in his gross income as a result

Ted also owns a 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders. How much must Ted include in his gross income as a result of being a shareholder in these two corporations?

  What the gross margin percent for the department

If the Gross margin dollars for the men's department at a local department store are $875,197 and the department net sales are $ 1,592,630 what the gross margin percent for the department?

  Excluding investment expenses

Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses.

  What is the direct quote for the krona

Suppose it is 1990 and the spot direct quotes for the Swedish krona and French franc are $.1395-99 and $.1130-33, respectively. What is the direct quote for the krona in Paris?

  How should the plant manager proceed with this request

The supervisor of the Logistic's Department has suggested to the plant manager that a new machine costing $285,000 be purchased to improve material handling operations for the plant's newest product line. How should the plant manager proceed with ..

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