Electric zero produces relay units for generators

Assignment Help Managerial Accounting
Reference no: EM131030506

Electric Zero produces relay units for generators. Each relay has a standard material cost of $67. Standards call for two relays per generator. In July, the company purchased 120 relays for $7,560. The company used 104 relays in the production of 50 generators, with 4 relays damaged in the installation process. The standard quantity of labor is 20 hours per generator, with a standard wage rate of $23. The company incurred 1,020 labor hours at a cost of $22,950. How much is the material quantity variance?

Reference no: EM131030506

Questions Cloud

Which function of management involves filling : Which function of management involves filling, and keeping filled, the positions in the organization structure?
Capital projects typically involve large amounts of capital : Capital projects typically involve large amounts of capital over an extended period of time. What role do these factors play in determining the discount rate to use?
Calculating net present value : In calculating net present value, what are the factors that determine the right discount rate to use?discuss the factors that determine the appropriate discount rate to use when calculating net present value.
Add a destructor to the linklist program : (A destructor is called automatically by the system for any existing objects when the program exits.
Electric zero produces relay units for generators : Electric Zero produces relay units for generators. Each relay has a standard material cost of $67. Standards call for two relays per generator. In July, the company purchased 120 relays for $7,560.
Orders a printer network system from computrs : Xander, Inc. orders a printer network system from CompuTrs & Co.  The system works for the first 90 days without any issues.  During the next 30 days, the system begins to malfunction.  Xander, Inc. contacts CompuTrs & Co and, after several visits fr..
What important advice did george washington give american : What important advice did George Washington give the American people in his Farewell Address? How did the Alien Acts and Sedition Act affect the administration of President John Adams?
Sort the pointers to the strings not the actual strings : Provide functions to sort the strings into alphabetical order, using variations of the bsort() and order() functions from the PTRSORT program in this chapter. Sort the pointers to the strings, not the actual strings.
Explain how the gothic church in england differed : Art History Question (600 word minimum response) - Explain how the Gothic church in England differed from the Gothic church in France.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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