How much would natalie materials quantity variance change

Assignment Help Accounting Basics
Reference no: EM131756379

Question - Natalie received a report from the production and purchasing departments with the following values for October:

Actual materials quantity: 18,000 pounds

Total actual cost: $8,700

Standard materials quantity: 1.05 pounds/unit

Standard price: $0.50/pound

Units made: 16,000

Four days later, Natalie received a correction from the production department that they found an error in their calculations, and they actually only used 17,800 pounds of raw materials. How much would Natalie's materials quantity variance change for the month of October?

Reference no: EM131756379

Questions Cloud

Asking open-ended question to invite personal stories : Asking open-ended question to invite personal stories and new perspectives?
Which form of doing business would you recommend : Which form of doing business would you recommend? Part1. Evaluation of Income Tax Issues. With regard to the proposed ownership and capitalization.
About correcting the perceptions of inequity : How might you go about correcting the perceptions of inequity? Make two suggestions.
Create a report describing the defendants mental disorder : Conduct a Google search to find a case where someone either won or did not win their insanity plea.
How much would natalie materials quantity variance change : How much would Natalie's materials quantity variance change for the month of October
Discuss agency theory : Discuss agency theory, including its basic assumptions, agency relationships, why the political process affects agency relationships
Why china ban on bitcoin may be temporary : ''Why China's Ban On Bitcoin May Be Temporary'' in your opinion summaries the article.
Compute dazes taxable income if he files jointly with spouse : Daze also made a number of trips to Connecticut for gambling. Compute Daze's Taxable Income if he files jointly with his spouse with no income.
Draw a graph of the market for vaccines : There is a positive externality associated with vaccines, such that the extra value is P(dex)=20.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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