User Account

All Pages

Find the total direct materials cost variance

Assignment Help Managerial Accounting
Reference no: EM132992637

Problem 1: Gala Enterprises reports the following information regarding the production of one of its products for the month. Compute the total direct materials cost variance, the direct materials price variance, the direct materials quantity variance and identify each as either favorable or unfavorable.

Direct materials standard (6 lbs. @ $3/lb.) $18 per finished unit
Actual direct materials used 179,000 lbs.
Actual finished units produced 30,000 units
Actual cost of direct materials used $554,900

Reference no: EM132992637

Questions Cloud

What controls could management put in place to increase : What controls could management put in place to increase the likelihood that the company actually engages in environmentally and socially responsible activities?
Explain why materiality determination process are key aspect : Explain why materiality and materiality determination processes are a key aspect of the GRI guidelines. How has this approach enabled organisations
Calculate cost associated with each new source of finance : Calculate the cost associated with each new source of finance and Calculate the amount of the annual payment? (b) Create and complete the amortization schedule
What considerations do have when determining pricing : What considerations do they have when determining pricing? Which employees are impacted by the pricing decisions made by management?
Find the total direct materials cost variance : Compute the total direct materials cost variance, the direct materials price variance, the direct materials quantity variance and identify each
Compute the overhead and direct material costs for alpha ltd : Alpha Ltd has the information relating to its production activity, Compute the overhead and direct material costs for the Alpha Ltd.
Which refers to the effect of other people on raising : Which refers to the effect of other people on raising one's efforts and organisational motivation. Social facilitation./ Social loafing
How many additional units would have to be sold to increase : The marketing manager wants to increase advertising by $6,000 per year. How many additional units would have to be sold to increase
Conduct some research on tdabc : Conduct some research on TDABC (in particular in service firms) to compare ABC with TDABC and discuss the feasibility of using TDABC in AXE Life.

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!

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