User Account

All Pages

Find total direct materials cost variance and price variance

Assignment Help Managerial Accounting
Reference no: EM132535990

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:

Actual costs 1,450 lbs. @ $8.10 Standard costs 1,500 lbs. @ $8.00

Question 1: Determine the quantity variance, price variance, and total direct materials cost variance.

Reference no: EM132535990

Questions Cloud

Determine the time variance : Standard and actual cost for direct labor for the manufacture of 1500 units, Determine the Time variance, rate variance and total direct labor cost variance.
Individual reflective journal assignment : Individual reflective journal Assignment help- Write about your reflections on the concept of sustainability. You may choose to reflect on one or more of themes
Compute the standard cost for one hat : Compute the standard cost for one hat? Standard Material Quantity: 3/4 yard of fabric at $4.00 per yard Standard Labor 1 hour at $5.75
Evaluate freedom of access versus security across : Evaluate freedom of access versus security across three major search engines by government authorities.
Find total direct materials cost variance and price variance : Standard and actual costs for direct materials,Determine the quantity variance, price variance, and total direct materials cost variance.
Overcome obstacles to diversity such as mistrust and tension : How can managers overcome obstacles to diversity such as mistrust and tension, stereotyping, and communication problems?
Speed of a satellite moving in circular motion : 1. State whether the following statements are true or false.
Calculate the electric potential produced by the charge : Calculate the electric potential produced by the charge Q at the point where the charge q stops.
Review zara corporate social responsibility : Discuss and review Zara's Corporate Social Responsibility(CSR)? Discuss and review the 3 drivers of CSR and Sustainability in regards to Zara.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What maximum external price that vaughn would be willing

The company would prefer to buy the CDs, what is the maximum external price that Vaughn would be willing to accept to acquire the 59800 units externally?

  Calculate the correlation coefficient with all three methods

Calculate the correlation coefficient with all three methods (covariance method, z-score method, and correlation tool in Excel).

  Which cost would most likely be selected as a cost driver

Which of the following cost would most likely be selected as a cost driver to allocate a cost pool of purchasing department costs?

  Find the budgeted amounts of fixed and variable costs

Find the budgeted amounts of fixed and variable costs for 15,000 units would be? Based on a predicted level of production and sales of 12,000 units

  Determine the cost per equivalent unit for direct materials

Determine the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.

  Optimum meal mix and the resulting profit

Using solver derive the optimal solutions for how many meals should be prepared to maximise profit - state the optimum meal mix and the resulting profit

  Prepare a summary journal entry to record cash expenditures

Prepare a summary journal entry to record the $107,000 in cash expenditures - Freitas Corporation was organized early in 2011.

  Select one or two concepts from this chapter

Select one or two concepts from this chapter and describe how you might use those concepts in your future career.

  Depreciation on equipment for the month

Prepare the income statement and a retained earnings statement for March and a classified balance sheet at March 31.

  Analyze the effect on profit of dropping accessories

Analyze the effect on profit of dropping accessories. Then write a paragraph explaining the role of common costs in your analysis and how allocation of common costs can lead to the cost allocation death spiral.

  Identify a particular support function

Discuss possible allocation bases that might be used to allocate costs in the function to programs (degrees) or students.

  Question 1 decision analysis show all calculations to

question 1 decision analysis show all calculations to support your answers. round all probability calculations to 2

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