Explain a favourable direct material usage variance

Assignment Help Managerial Accounting
Reference no: EM132632084

Problem 1: Which ONE of the following factors could explain a favourable direct material usage variance?

Option A. More staff were recruited to inspect for quality, resulting in a higher rejection rate.

Option B. When estimating the standard product cost, usage of material had been set using ideal standards.

Option C. The company had reduced training of production workers as part of a cost reduction exercise.

Option D. The material price variance was adverse.

Reference no: EM132632084

Questions Cloud

What is meant by supply chain management : What is meant by supply chain management and why is it important in a healthcare organization?
What is the profit maximizing price for kallocain : What is the profit maximizing price for Kallocain in the EU? Assume that and marginal cost equals 0. How high are profits?
Make an income statement for the year ended december : These items are taken from the financial statements of Cullumber Company at December 31, 2022. Make an income statement for the year ended December
Should we continue to measure gdp as we do now : Reply to these questions to begin your discussion: Should we continue to measure GDP as we do now? If you don't think it should be changed.
Explain a favourable direct material usage variance : Explain a favourable direct material usage variance. The company had reduced training of production workers as part of a cost reduction exercise.
Population data for alabama metropolitan statistical areas : Access population data for Alabama Metropolitan Statistical Areas (MSAs) for the years 2000, 2010 and 2015.
Calculate price elasticity of demand of widgets : Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets?
Explain a production possibilities frontier for economy : Draw and explain a production possibilities frontier for an economy that produces cheese and milk. What happens
What the actual wage rate during the period was : What the actual wage rate during the period was? G repairs electronic calculators. The wages budget for the last period was based on a standard repair time

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