Tip top corp produces a product that requires 12 standard

Reference no: EM13581198

Tip Top Corp. produces a product that requires 12 standard gallons per unit. The standard price is $9.00 per gallon. If 5,500 units required 67,300 gallons, which were purchased at $8.46 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?

Reference no: EM13581198

Questions Cloud

An accounting assistant has prepared the detailed : an accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative

A cash budget show the budget by month and in total cash : you have just been hired as a management trainee by cravat sales company a nationwide distributor of a designers silk

Johnson corp has an 8 required rate of return its : johnson corp. has an 8 required rate of return. its considering a project that would provide annual cost savings of

Prepare a horizontal analysis of the comparative income : prepare a horizontal analysis of the comparative income statement of cpa tech inc. each amount listed must be in your

Tip top corp produces a product that requires 12 standard : tip top corp. produces a product that requires 12 standard gallons per unit. the standard price is 9.00 per gallon. if

Logan can see that her present plan sufficient cash if : at the beginning of the 2014 school year britney logan decided to prepare a cash budget for the months of september

Bert company budgets sales of 990000 fixed costs of 69100 : bert company budgets sales of 990000 fixed costs of 69100 and variable costs of 306900. what is the contribution margin

The corporation manufactures knitted shawls and scarves the : the corporation manufactures knitted shawls and scarves. the company expects to incur 1500000 in overhead costs during

Wilton company issued 400000 of 8 10-year bonds at 102 : wilton company issued 400000 of 8 10-year bonds at 102. interest is paid annually and the straight-line method is used

User Account

All Pages