How much is the direct materials efficiency variance

Assignment Help Financial Accounting
Reference no: EM132893519

Melissa Company has collected the following data for one of its products:

Direct materials standard (5 pounds @ Php1/lb.) = Php5 per finished good

Direct materials flexible budget variance-unfavorable = Php14,000

Actual direct materials used = 100,000 pounds

Actual finished goods produced = 18,000 units

Problem 1: How much is the direct materials efficiency variance?

a. Php18,000 U

b. Php10,000 F

c. Php10,000 U

d. Php18,000 F

Reference no: EM132893519

Questions Cloud

What the actual quantity of materials used must have been : If there was a favorable usage variance of Php25,000 for September, what the actual quantity of materials used must have been
What is agricultural runoff : What is agricultural runoff? Provide two examples of how farmers can prevent it.
Future genetic diseases : If genes probes ,profiling and mapping could make it possible for you to know of future genetic diseases.
Calculate the actual quantity of materials cisco used : Cisco determined that it had a favorable materials usage variance of Php1,000 for June. Calculate the actual quantity of materials Cisco used.
How much is the direct materials efficiency variance : How much is the direct materials efficiency variance? Direct materials standard (5 pounds @ Php1/lb.) = Php5 per finished good.
Role gene expression : What is DNA Ligase and what is its role in gene expression
What is the value of maines ending inventory : What is the value of Maines's ending inventory using the variable costing method? Variable selling and admin. costs per unit = 6.
What would the estimate of total utilities cost be : The utilities cost was a mixed cost and the fixed portion was Php50,000. What would the estimate of total utilities cost be at an output level of 40,000 units?
Blood disease and disorder : You will need to pick out a blood disease/disorder that can occur in humans and discuss what you learned about it and how it can be prevented or fixed.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd