User Account

All Pages

How solve the direct materials price and quantity variances

Assignment Help Financial Accounting
Reference no: EM132590070

Question 1: Blue Lite manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes. Calculate both the materials price and the materials quantity variances. Indicate whether they are Favorable or Unfavorable.

Reference no: EM132590070

Questions Cloud

Which one should be chosen for allied managed care company : Allied accounts for differential risk by adjusting its corporate cost of capital up or down by 2 percentage points. Which system should be chosen?
Find what is the price of the stock today : Growth in dividends is expected to be constant at 4% indefinitely. The stock is currently priced at $50.00. What is the required return?
Explain the pros of using the discounted dividend model : Explain the pros and cons of using the discounted dividend model as opposed to the corporate valuation method for evaluating stocks and/or private companies.
Determine sources and uses of cash : How do you standardize statements of financial position and statements of comprehensive income and why is standardization useful?
How solve the direct materials price and quantity variances : Blue Lite , Calculate both the materials price and the materials quantity variances. Indicate whether they are Favorable or Unfavorable.
How determine the quantity of framing and glass : Ending inventory should be 150 percent of beginning inventory. Determine the quantity of framing and glass that Holt Frames is to purchase during April.
Write up a production budget for january : Joslyn Company expects to sell the brackets for $20 each. Write up a Production budget for January, February and March, also include the quarter total column.
Discuss the various types of business-type funds : Discuss the various types of business-type funds used in governmental units and provide an example of when each is appropriate.
How much will have in rrsp at the end : The subsequent 10 years, how much will she have in her RRSP at the end of the 20 years? Assume that the RRSP earns 7.2% compounded semiannually.

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!

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