User Account

All Pages

Find the material price variance

Assignment Help Cost Accounting
Reference no: EM132800057

Question - The standard usage for raw materials is 5 pounds at $4 per pound. ABC Company spent $13,940 in purchasing 3,400 pounds.

ABC used 3,150 pounds to produce 600 units of finished product. Find the material price variance?

Reference no: EM132800057

Questions Cloud

Journalize all entries required on the dates : Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable
What is the inventory level : Consider a firm that operates a cannery. All fish brought in by a fleet of fishing boats are processed at the cannery. The firm also has a freezer of unlimited
Example of financial metric and nonfinancial metric : Discuss an example of a financial metric and a nonfinancial metric. What are the similarities and differences?
Measure in business operations : What aspects of performance are important to measure in business operations? What is your rationale? Why are performance measurement strategies needed?
Find the material price variance : The standard usage for raw materials is 5 pounds at $4 per pound. ABC used 3,150 pounds to produce 600 units of finished product. Find material price variance
What is supply chain management : What is supply chain management, and how would your supply chain members add value to your customer?
What are the main characteristics of jit : A carpet cleaning company considering opening a new facility with estimated fixed costs at 71000$. The average labor, solvent, and machine cost
What is Chewbacca depreciation deduction : Chewbacca LLC purchased an automobile for $55,000 on July 5, 2020. What is Chewbacca's depreciation deduction for 2020
What is the forecast for september : a. Using a simple three-month moving average, what is the forecast for September? Round your answer to 2 decimal places

Reviews

Write a Review

Cost Accounting Questions & Answers

  Which actions would the nurse prioritize

A nurse is working in a community setting with a group of clients diagnosed with schizophrenia. Which actions would the nurse prioritize?

  How many units must be sold to achieve

Conan Company has total fixed costs of $112,000. Its product sells for $35 per unit and variable costs amount to $25 per unit. Next year Conan Company wishes to earn a pretax income that equals 10% of fixed costs. How many units must be sold to achie..

  What are the disadvantages of activity based budgeting

Discuss and compare the advantages and disadvantages of Activity based budgeting to that of Zero based budgeting, state with reasons

  Define how many of each product should the company make

If an unlimited amount of any product can be sold, how many of each product should the company make

  What is maximum amount should pay to purchase a share

What is the maximum amount you should pay to purchase a share of this stock today if you require 14 percent rate of return

  Ma''s statement of professional practice

After some research, Jon also identifies another comparable site, which rents for $75,000 per year.

  What is the construction in progress

What is the construction in progress, net as of 2015? What is original contract price in 2014? On July 1, 2014, OG obtained a contract to construct a building

  What are the relevant costs of material

O'Reilly Co has been approached by a customer who would like a special job to be done for him. What are the relevant costs of material, in deciding whether or not to accept the contract?

  Auditors responsibility in respect of fraud and error

Comment on the suitability of this report. Your answer should include an assessment of the materiality of each of the three outstanding issues.

  Examine how the sox framework can prevent business model

Examine how the SOX framework can prevent business model fraud in managerial accounting and financial accounting.

  What is the balance in accounts receivable on march 31

Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on Marc..

  Questionthe farmer companys comparative balance sheets for

questionthe farmer companys comparative balance sheets for 2010 and 2011 and additional information are presented

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