User Account

All Pages

Evaluate what the direct materials price variance is

Assignment Help Accounting Basics
Reference no: EM132584537

Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,660 pounds of material at $5.30 and standard cost for 4,410 pounds of material at $6.20 per pound.

Question 1: The direct materials price variance is

Option a. $1,550 unfavorable

Option b. $4,194 unfavorable

Option c. $4,194 favorable

Option d. $1,550 favorable

Reference no: EM132584537

Questions Cloud

Determine the direct labor time variance is : Determine the direct labor time variance is?Standard costs7,500 hours at $11.70 Actual costs6,200 hours at $10.60. The data relate to direct labor cost
Describe which of the three types of business : Elaborate upon your company's belief that this form best serves its legal interests. Do you agree that it does? Explain.
Why its so useful and effective to apply blockchain : Why its so useful and effective to apply blockchain technology for any company? For example for airline company.
Estimate the direct materials price variance is : Estimate The direct materials price variance is?The standard costs and actual costs for direct materials for the manufacture of 2,000 actual units of product
Evaluate what the direct materials price variance is : Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,660. What The direct materials price variance is?
What are four segments of a traditional balanced scorecard : What are the four segments of a traditional balanced scorecard? What is the labor rate variance?Annapolis Company completes job #601
Solve the expected rate of return and standard deviation : Calculate the expected rate of return and standard deviation for each investment. (Do not round intermediate calculations. Enter your answers)
What are five of the purposes of planning audit assignment : What are five of the purposes of planning an audit assignment?In all walks of life, it is necessary to plan actions before those actions are performed.
Explain five events that will require adjustment by auditor : Explain five events that will require adjustment by the auditor in the financial statements after the financial statements' date to the date of signing

Reviews

Write a Review

Accounting Basics Questions & Answers

  Percentage increase in sales enable company to reach goal

What percentage increase in sales would enable the company to reach its goal? Support your answer with a pro forma income statement.

  Compute the estimated gross profit

Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period

  Determine the carrying amount of the bonds as of december

June 30. Recorded the redemption of the bonds, which were called at 98. Determine the carrying amount of the bonds as of December 31, 2013

  During the current period department a finished and

during the current period department a finished and transferred 50000 units to department b. of the 50000 units 20000

  Structure with two different organizational structures

Describe the organizational structure of your selected organization. Compare and contrast that structure with two different organizational structures.

  In early 2009 general electric ge had a book value of

in early 2009 general electric ge had a book value of equity of 105 billion 10.5 billion shares outstanding and a

  Current issues in tax accounting

Current Issues in Tax Accounting

  At what amount was cost of goods sold reported in the

ranns supply uses a perpetual inventory system. on january 1 its inventory account had a beginning balance of 6450000.

  Compute lawrence gross pay for the past week

Ryan Lawrence's regular hourly rate is $17. Compute Lawrence's gross pay for the past week. If required, round your answer to the nearest cent

  Marfa company is evaluating two different investment

1. kramer company paid 60000 to purchase a depreciable asset. the asset is expected to produce annual cash inflows of

  Target contribution margin-amount of actual sales

Contribution margin to sales ratio is 84% for the ABC Co. and the breakeven point in sales is Rs. 150,000. The company desires a target net income of Rs. 42,000.

  On june 30 2007 semiannual secured bonds having a face

on june 30 2007 semiannual secured bonds having a face valueof 200000 a life of 10 years and a coupon rate of 7

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