The spending variance for supplies cost

Assignment Help Financial Accounting
Reference no: EM13825847

Ingrum Framing's cost formula for its supplies cost is $1,010 per month plus $11 per frame. For the month of June, the company planned for activity of 611 frames, but the actual level of activity was 601 frames. The actual supplies cost for the month was $8,170. The spending variance for supplies cost in June would be closest to:

$549 U

$439 F

$549 F

$439 U

Reference no: EM13825847

Questions Cloud

Explain why the bond between boron and cl : Explain why the bond between boron and Cl in the molecule BCl3 is shorter than would be expected from a single B-Cl bond.
Compounds with many different oxidation numbers : Explain why nitrogen can form compounds with many different oxidation numbers.
Used in the productions of its power lawn mowers : Barrus Corporation makes 46,000 motors to be used in the productions of its power lawn mowers.
How has hhsa engaged citizens in its initiatives : How has HHSA engaged citizens in its initiatives? How has this process benefited the county strategically
The spending variance for supplies cost : Ingrum Framing's cost formula for its supplies cost is $1,010 per month plus $11 per frame. For the month of June, the company planned for activity of 611 frames, but the actual level of activity was 601 frames. The actual supplies cost for the month..
Sugar beets into end products industrial fiber-refined sugar : Sohr Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $62 to buy from farmers and $21 to crush in the company's plant. Two intermediate products, beet fiber and beet ..
What do you understand by the given phrase : The question is a statement review. The statement is "any positive discount rate is the enemy of a one hundred year old tree". Here the long term implications of any such decisions are discussed.
Calculate the costs to buyer and seller : On June 15, Jane and Jerry Jones (“Sellers”) listed their Flagstaff home for $399,500 with Re/Max Peak Properties and agreed to pay a 6% commission on the sale price. They have a mortgage for $361,000 remaining on the home. Calculate the costs to the..
Explain surrogate market prices isotim and political economy : The question explains about surrogate market prices, isotim and political economy. The answer explains the definitions of these three topics in much detail.

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!

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