The actual cost for materials

Assignment Help Managerial Accounting
Reference no: EM133340292

Question 1. If a company calculates that the actual cost for the actual hours worked by employees was $5,000,000, and the amount budgeted for those hours actually worked was $4,900,000, the actual cost for hours worked less the budgeted cost for hours worked is __________?

Question 2. If a company calculates that the budgeted cost for actual hours worked is $150,000, and the budgeted cost at the budgeted amount of hours to have been worked is $150,000, the budgeted cost at actual time worked less the budgeted cost at budgeted hours to have been worked is___________?

Question 3. If a company calculates that the actual cost for materials used was $4,800,000, and the amount budgeted for those materials was $3,800,000, the actual cost for materials used less the budgeted cost for materials used is __________?

Question 4. If a company calculates that the budgeted cost for actual materials used is $120,000, and the budgeted cost at the budgeted amount of materials to have been used is $120,000, the budgeted cost at actual materials used less the budgeted cost at budgeted materials to have been used is___________?

Reference no: EM133340292

Questions Cloud

Develop swot analysis of the current situation at alphaco : Develop a SWOT analysis of the current situation at AlphaCo - discuss how a more effective and efficient management of capacity, quality and both suppliers
Identify and explain the reputational damage the company : Type "United Airlines Fiasco" into Google and describe what results you see on the first page. Identify and explain the reputational damage the company faced
What is the project discounted payback period : Expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 13%. What is the project's discounted payback period?
What are implications of selecting these specific profile : describe the target audience characteristics/profile elements that should be considered when defining the new target population. What are the implications
The actual cost for materials : The actual cost for materials used was $4,800,000, and the amount budgeted for those materials was $3,800,000
Principles and concepts of marketing : Crystal Pepsi, Microsoft Zune, Heinz EZ Squirt Colored Ketchup or Friendster - create an original analysis for a business failure for a selected brand
What prices should you charge to maximize profit : Suppose consumers are not forward looking (i.e., suppose they are unaware that prices may drop at the end of the season). What prices should you charge
Design a social media strategy for the online mba program : Design a social media strategy for the online MBA program. You want to increase the conversations between current students, alumni and prospective students
Organizations should follow to plan and develop budgets : Discuss the pros and cons of the two basic philosophies that organizations should follow to plan and develop their budgets.

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