User Account

All Pages

Find what ivanhoe direct materials price variance for period

Assignment Help Managerial Accounting
Reference no: EM133001204

Problem 1: Ivanhoe Manufacturing Company purchased 14800 switches to make 6400 units. The standard allows for 2 switches per unit. The company actually used 15300 to produce the 6400 units. Ivanhoe budgeted $ 0.73 per switch but had to pay $ 0.78 per switch. What is Ivanhoe's direct materials price variance for the period?

Option 1: $ 520 unfavorable

Option 2: $ 765 unfavorable

Option 3: $ 740 unfavorable

Option 4: $ 640 unfavorable

Reference no: EM133001204

Questions Cloud

What is sarah contribution margin ratio : Set in a local mall, Sarah's offers 15-minute haircuts for harried shoppers who do not have time for lengthy. What is Sarah's contribution margin ratio?
Should susan accept the request from peter : Assuming the alternative scenario described in the previous question, should Susan accept the request from Peter and potentially save hundreds
Find what is the margin of safety in sales dollars : Assume a sales volume of 8520 units, unit selling price of $ 18, unit variable cost of $ 10, and total fixed costs of $ 28400. What is the margin of safety
What sheridan predetermined overhead rate is closest to : Actual overhead costs incurred totaled $ 1041000 and actual direct labor costs totaled $ 802200. Sheridan's predetermined overhead rate is closest to
Find what ivanhoe direct materials price variance for period : Ivanhoe budgeted $ 0.73 per switch but had to pay $ 0.78 per switch. What is Ivanhoe's direct materials price variance for the period?
How much can you withdraw at the end of year 5 : Your rich uncle deposits $500 into a high growth investment every month for 5 years, the first payment starts immediately. The investment earns 9.5% p.a. compou
Calculate monthly payment : Five years ago the Brars purchased a house for $975,000. They made a down payment of 20% and took out a mortgage with BMO for the balance.
What is the sales volume variance for sales revenue : The actual sales volume is 76500 units,If actual sales price is $ 5 and the budgeted sales price is $ 5.50, what is the sales volume variance for sales revenue?
Determine the annual payment : Your supervisor has tasked you with evaluating several loans related to a new expansion project using the PVIFA table determine the annual payment on a $365,900

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