Labor efficiency variance resulting-poor-quality materials

Assignment Help Financial Accounting
Reference no: EM131216781

A labor efficiency variance resulting from the use of poor-quality materials should be charged to

A) the production manager.

B) the purchasing agent.

C) manufacturing overhead.

D) the marketing department.

Breifly explain

Reference no: EM131216781

Questions Cloud

When parent acquies control of subsidiary over time : Jared owns 50% of an S corporation's stock. His basis in the stock was $50,000 on January 1, 2014. On February 1, 2014, the S corporation borrowed $30,000 from Jared, signing a formal note. What are Jared's bases in his stock and his note at the end ..
Accounted for the investment under the equity method : When the parent owns 80% of the subsidiary and accounted for the investment under the equity method, what is the purpose of consolidating entry D? When control of a subsidiary is acquired at a time subsequent to the beginning of the subsidiay's fisca..
The total acquired firm fair value in a partial acquisition : The total acquired firm fair value in a partial acquisition represents what?
Prepare statement of retained earnings for the year ended : Rolt Company began 2013 with a $135,000 balance in retained earnings. Prepare a statement of retained earnings for the year ended December 31, 2013.
Labor efficiency variance resulting-poor-quality materials : A labor efficiency variance resulting from the use of poor-quality materials should be charged to
Best hardware uses a periodic inventory system : Best Hardware uses a periodic inventory system. Its inventory was $38,000 at the beginning of the year and $40,000 at the end. During the year, Best made purchases of merchandise totaling $107,000. The two basic approaches to accounting for inventory..
Which ones are net cash inflows-which are net cash outflows : Find the financial statements of a publicly traded company and review its statement of cash flows. Of the company’s cash flows from operating activities, investing activities, and financing activities, which ones are net cash inflows and which are ne..
Mortgage is payable in monthly installments : On December 1, 2014, Garden Corporation incurs a 30-year, $400,000 mortgage liability upon purchase of a warehouse. This mortgage is payable in monthly installments of $4,116, which include interest computed at the rate of 12% per year. How much of t..
About implicit taxes and tax clienteles : The ABC Corporation is a large multinational company that has facilities (both manufacturing and distribution) located in many U.S. states and in overseas countries. She vaguely recalls having heard about implicit taxes and tax clienteles and would l..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the required journal entries for the general fund

Using the information above, prepare all the required journal entries for the general fund and the government-wide financial statements.

  Sales revenue and the related expense for cost of goods sold

(Learning Objective 2: Apply the revenue and expense recognition principles) A large auto manufacturer sells large fleets of vehicles to auto rental companies, such as Budget and Hertz. Suppose Budget is negotiating with the auto manufacturer to purc..

  Service revenue earned on account

What kind of transaction is a service revenue earned on account

  Compute the weighted-average contribution margin per ticket

Compute the weighted-average contribution margin per ticket and calculate the total number of tickets Wet Weekend must sell to break even.

  Develop an estate plan for wagners that would minimize taxes

Develop an estate plan for the Wagners that would minimize estate taxes and incorporate the above factors. The uni?ed transfer tax rates and the 2009 exclusion amounts set forth in the text should be used.

  Using either theoretical capacity or practical capacity

In-A-Flash, Inc. is a manufacture of the very popular G36 motor cycles. The management at In-A-Flash has recently adopted absorption costing and is debating which denominator-level concept to use. The G36 motorcycles sell for an average price of $8,9..

  Question the subsequent information for drake company which

question the subsequent information for drake company which adjusts and closes it accounts every december 31 is

  How many units did seville complete and transfer

Seville Corporation uses the weighted average method to prepare production reports. How many units did Seville complete and transfer?

  Describes the quantities and condition of the goods

The internal document that is prepared to notify the appropriate persons that ordered goods have been received and describes the quantities and condition of the goods is the

  Prepare and adjusted trial balance

Prepare and adjusted trial balance, Prepare financial statements and Identify, analyze and record events in journal

  Comparing bank statement and accompanying canceled checks

The cash account for Online Medical Co. at June 30, 2014, indicated a balance of $9,145. The bank statement indicated a balance of $10,270 on June 30, 2014. Comparing the bank statement and the accompanying canceled checks and memos with the records ..

  Employees work overtime to finish an order

A candy factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. The overtime wages should be expensed in

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