Show the difference for indirect materials

Assignment Help Managerial Accounting
Reference no: EM132972648

Problem 1: At 24000 direct labor hours, the flexible budget for indirect materials is $36000. If $39400 are incurred at 24400 direct labor hours, the flexible budget report should show the following difference for indirect materials:

Option 1: $3400 unfavorable.
Option 2: $2800 favorable.
Option 3: $3400 favorable.
Option 4: $2800 unfavorable.

Reference no: EM132972648

Questions Cloud

How fixed and variable costs may be expressed as : At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis. Fixed and variable costs may be expressed as
Records of rock lobster pty ltd would be : The entry to record payroll for the employee Aki on 3 May 2021 in the records of Rock Lobster Pty Ltd would be?
Compare the uk sneaker market : Compare the UK sneaker market (new sneakers) with the resale sneaker (secondary) market in terms of revenues, sales, price, market shares of brands and any othe
Design a loss leadership strategy : Design a loss leadership strategy for your Street Food joint by choosing suitable products to attract more customers, how will you recover loss generated throug
Show the difference for indirect materials : If $39400 are incurred at 24400 direct labor hours, the flexible budget report should show the following difference for indirect materials
Explain whether the issues arising from your audit work : Explain whether drawing attention to the note will result in the expression of a modified audit opinion and Identify the type of audit opinion
What information would request from accounting department : B Squared Inc. manufactures and sells awnings, What information would you request from the accounting department to help confirm or negate these accusations?
Audit risk factors in relation to Colette Hayman Ltd : Discuss the overall impact on audit risk. Which specific component(s) of audit risk would be affected and how each matter considers as fraud audit risk factors
Explain what information could the manager request : Explain what information could the manager request from the management accounting department that might help in attacking the problem of increasing defects?

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!

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