User Account

All Pages

Find and calculate the direct materials price variance

Assignment Help Managerial Accounting
Reference no: EM132536962

Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound.

Question 1: Calculate the direct materials price variance.

Question 2: Calculate the direct materials quantity variance.

Reference no: EM132536962

Questions Cloud

Find the total amount of cash expected to be received : Cash sales are normally 25% of total sales,Find The total amount of cash expected to be received from customers in September is?
Identify one current social issue or event : Identify one current social issue or event (e.g., diversity in the workplace, technology, outsourcing) and discuss how this issue or event affects industrial.
How various pay systems create different level of motivation : The assignment asks you to tell us two things about each I/O pioneer: what you see as their major contribution, and how that helps us today. You may need.
Estimating the recall could cost mars : Classify the costs you listed for Mars (both pre-recall and post-recall) by type of quality cost: prevention, appraisal, internal failure, or external failure.
Find and calculate the direct materials price variance : Jacques Company planned to use 18,000 pounds, Calculate the direct materials quantity variance and Calculate the direct materials price variance.
What specific costs of quality could mars incur in design : What specific costs of quality could Mars incur in the design, production, and distribution of its candy bars? Again, use your imagination.
What would you include in your investigation : Discuss the points on interest that you should include in a research investigation concerning gender differences at work. What would you include in your.
Explain the etiology of the hematologic disorder : Explain the etiology of the hematologic disorder - Describe the clinical manifestations of the hematologic disorder. Be sure to include expected lab
Which alternative should jasper take : Jasper, Inc., Which alternative should Jasper take if the required rate of return for similar projects in the capital market is 15 percent?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Provide justification for each of the performance indicators

Provide a justification for each of the performance Indicators selected and explain how this will improve the performance of the organisation you are examining in the option chosen.

  Difference between an operating budget and a cash budget

What is the difference between an operating budget and a cash budget, explain what zero-based budgeting is and how it can improve the efficiency of the organization?

  The four fundamental factors that affect the supply

The four fundamental factors that affect the supply of and demand for investment capital  which affect interest rates  are productive opportunities, time preferences for consumption, risk, and inflation.

  Why is costco regarded as an unusual retailer

How does this Costco video relate to topics that you have learned in Managerial Accounting & Control? Discuss two or three topics that you have learned throughout the course that is applicable to the information discussed in this video.

  Find how much of order-processing overhead allocated

How much of the order-processing overhead should be allocated to jackets

  Perform a ratio analysis on the current financial reports

Perform a ratio analysis on the current financial reports, interpret the results, and provide a brief discussion regarding the overall revenue outlook.

  Possible customer returns or account adjustments

On July 15, Mann Company sold $600,000 in accounts receivable for cash of $500,000. The factor withheld 10% of the cash proceeds to allow for possible customer returns or account adjustments. An Allowance for Bad Debts of $80,000 had previously been ..

  Is the purpose of dual cost allocation rates to provide

The purpose of dual cost allocation rates is to provide one set of numbers for managers' internal use and one for external investors. true/false

  Prepare a journal entry to close the variance

Prepare a journal entry to close the variance accounts at Bell Computers .Assume that the total variance is not material and is closed to cost of goods sold.

  What is a journal entry to transfer the underapplied

What is a journal entry to transfer the underapplied or overapplied overhead to the Cost of Goods Sold account. Compute the firm's predetermined factory

  What part to growth opportunities

If the market expects a 10% rate of return on Trend-Line, at what price must it be selling? If Trend-Line's earnings per share will be $8, what part of Trend-Line's value is due to assetsin place, and what part to growth opportunities?

  What would be the balances at the end of 2014

What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fund? Also indicate any impact on unrestricted funds.

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