User Account

All Pages

Estimate what is materials quantity variance for month

Assignment Help Cost Accounting
Reference no: EM132562584

The following materials standards have been established for a particular product:

Standard quantity per unit of output 8 pounds

Standard price $18.00 per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 6,500 pounds

Actual cost of materials purchased $ 125,125

Actual materials used in production 5,500 pounds

Actual output 750 units

Question 1: What is the materials price variance for the month?

Question 2: What is the materials quantity variance for the month?

Reference no: EM132562584

Questions Cloud

How much cash will eber wares collect in may : The sale, with 3% uncollectible. A 2% cash discountis given to payments collected in the month of sales. How much cash will Eber Wares collect in May?
Discussion centers around the concept of blockchain : Discussion centers around the concept of Blockchain. There is still much confusion regarding what Blockchain is and what it is not.
Find what was the labor efficiency variance for the month : What was the labor efficiency variance for the month? Standard direct labor wage rate: $14.50 per hour. Standard direct labor-hours: 6 hours per unit
Discuss what performance management : Discuss what performance management is and how it influences effective teams.
Estimate what is materials quantity variance for month : What is the materials quantity variance for the month? Standard quantity per unit of output 8 pounds,Standard price $18.00 per pound
Differences between static and dynamic models : How does prescriptive analytics relate to descriptive and predictive analytics? Explain the differences between static and dynamic models
What the cleaning equipment and supplies in the planning : What The cleaning equipment and supplies in the planning budget for September would be and The cleaning equipment and supplies in the flexible budget for Sept
What the predetermined overhead rate for november should be : The company recomputes its predetermined overhead rate every month. What The predetermined overhead rate for November should be
How many mugs should fab plan on producing : How many mugs should Fab plan on producing during the month of November? Fab Manufacturing Corporation manufactures and sells stainless

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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