User Account

All Pages

Evaluate what the direct-material quantity variance is

Assignment Help Cost Accounting
Reference no: EM132738603

The following data relate to product no. 89 of Peter Corporation:

Direct material standard: 3 square feet at P2.50 per square foot

Direct material purchases: 30,000 square feet at P2.60 per square foot

Direct material consumed: 29,200 square feet

Manufacturing activity, product no. 89: 9,600 units completed

Problem 1: The direct-material quantity variance is:

A. P1,040F.

B. P1,040U.

C. P1,000F

D. P1,000U.

Reference no: EM132738603

Questions Cloud

What direct-material price variance would be calculated as : The company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as
Prepare a statement of owner equity for September : Received $1,300 from the club for managing the tennis courts during September. Prepare a statement of owner equity for September
What the total factory overhead applied to job is : What the total factory overhead applied to Job # 2 is? Direct materials were requisitioned as follows for each job: 30%, 25% and 25%, respectively and balance.
Historical limitations of previous classification systems : What were the historical limitations of previous classification systems that led to and are solved by the three domain system that is in use today?
Evaluate what the direct-material quantity variance is : Evaluate what the direct-material quantity variance is? Direct material purchases: 30,000 square feet at P2.60 per square foot. Direct material consumed: 29,200
Example of servicescape that supports the service concept : From a customer perspective, give an example of a servicescape that supports the service concept and an example that detracts from the service concept.
Prepare an income statement for August : Transactions; financial statements - Prepare an income statement for August, a statement of stockholders' equity for August, and a balance sheet as of August 31
What the total amount of actual factory overhead incurred is : What the total amount of actual factory overhead incurred is? The company has three jobs in process, Job # 1, Job # 2, Job # 3.
Competitive strength assessment : Do a competitive strength assessment for your company and two other companies that you and your co-managers consider to be very close competitors.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What strategic-based performance management system is

What The most common strategic-based performance management system is? variance analysis with standard costs as benchmarks.

  What is the budgeted beginning balance in units for finished

?Finished goods inventory as of May 31 6,000 units. What is the budgeted beginning balance in units for finished goods inventory on August 1?

  Compute the cost per unit for the service department costs

Compute the cost per unit for the service department costs allocated to the production departments. Did the company meet management's standards of keeping service department costs below $3.50 per unit?

  Calculate an hourly composite charge-out rate

Calculate an hourly composite charge-out rate that will recover all labour costs for the company. Calculate the accrual hourly rates to bring to account

  What was the cost per unit and gross profit

Assign the total 2012 manufacturing overhead costs to the two products using activitybased costing and what was the cost per unit and gross profit of each model using ABC costing?

  Evaluate return on investment

Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.

  Allocate the service departments costs to the two operating

Craylon Corp has two service departments, S1 and S2.Allocate the service departments (S1 & S2) costs to the two operating divisions using the reciprocal method.

  Find how treat unabsorbed overheads in cost accounts

Defective planning and balance were attributable to increase in overhead costs. How would you treat unabsorbed overheads in cost accounts?

  Calculate the net patient service revenue

Calculate the net patient service revenue that would be reported on the statement of revenues, expenses, and changes in net assets.

  Which statement is not true for financial accounting

Which statement is not true for financial accounting? Emphasises summaries of financial consequence of past events. / Data must be objective and verifiable

  Which costs are relevant for making the decision and why

A client approached to Incredible Fabricating and Manufacturing, Which costs relevant for making the decision regarding this one-time-only special order? Why?

  Compute the tax payable or re-payable

Compute the tax payable or re-payable by Michael Selby and by Josie Selby for 2013/14

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