The standard cost of product b manufactured by tlc company

Assignment Help Accounting Basics

Reference no: EM13601865

The standard cost of Product B manufactured by TLC Company includes 3 units of direct materials at $6.45 per unit. During June, 28,000 units of direct materials are purchased at a cost of $6.06 per unit, and 28,000 units of direct materials are used to produce 9,000 units of Product B.

Compute the total materials variance and the price and quantity variances.

Total materials variance $ unfavorable or favorable?
Materials price variance $ unfavorable or favorable?
Materials quantity variance $ unfavorable or favorable?

Repeat the question above, assuming the purchase price is $6.71 and the quantity purchased and used is 26,200 units.

Total materials variance $ unfavorable or favorable?
Materials price variance $ unfavorable or favorable?
Materials quantity variance $ unfavorable or favorable?

Reference no: EM13601865

Questions Cloud

Immediately after the release particle 1 has an : question two particles with identical positive charges and a separation of 2.70 10-2 m are released from rest.

If productive capacity of 100 was 6500 hours and the : the following data relate to factory overhead cost for the production of 4000 computers actual variable factory

Overhead is applied on the basis of direct labor hours : overhead is applied on the basis of direct labor hours. three direct labor hours are required for each product unit.

Due to compressibility of oil the piston retracts 001 inch : the load on a 2 inch diameter hydraulic cylinder increases from 10000lb to 15000lb. due to compressibility of oil the

The standard cost of product b manufactured by tlc company : the standard cost of product b manufactured by tlc company includes 3 units of direct materials at 6.45 per unit.

If the length and diameter are measured at four different : the volume of a cylinder is to be determined from measurements of the diameter and length. if the length and diameter

Vintech company is planning to produce 2400 units of : vintech company is planning to produce 2400 units of product in 2011. each unit requires 4 pounds of materials at 8 per

Sr disclosed the effect of lifo liquidations net of income : the following table contains data obtained from annual reports of sr a shoe manufacturer and retailer years ended

Assuming you are 10m away from each other what is the : its estimated that there are 1028 electrons in you body. suppose one millionth of those electrons were removed from

User Account

All Pages