What direct materials quantity variance for last month was

Assignment Help Managerial Accounting
Reference no: EM132569093

Question 1: The per-unit standards for direct materials are 2 gallons at $4 per gallon. last month, 5,600 gallons of direct materials that actually cost $21,200 were used to produce 3,000 units of product. The direct materials quantity variance for last month was

a. $1,600 favorable.

b. $1,200 favorable.

c. $1,600 unfavorable.

d. $2,800 unfavorable.

e. None of the above

Reference no: EM132569093

Questions Cloud

Netflix strategy as effective or ineffective : What are Netflix's internal strengths and weaknesses? Do you see Netflix's strategy as effective or ineffective? Why?
What is the purpose of a literature review : What is the purpose of a Literature Review? What are the main components of a Lit Review?
How much of the capital budget must dexter finance by equity : To maintain the present capital structure, how much of the capital budget must Dexter finance by equity? Calculate WACC
What is the major differences in apa 6 formatting : What is the major differences in APA 6 formatting and APA 7?
What direct materials quantity variance for last month was : Direct materials that actually cost $21,200 were used to produce 3,000 units of product. The direct materials quantity variance for last month was
Other than checking his statements promptly : Other than checking his statements promptly, what other procedures or actions could Mark use to prevent further occurrences?
Explain the learning journey during the lockdown : Explain the learning journey during the lockdown and describe what worked and what didn't work Should include
Aricles on one topic like special education : Read 7 publish aricles on one topic like special education and explain the articles citation?
Compute the total cash inflows from operating activities : Kela Corporation reports net income of $520,000 that includes depreciation expense of $71,000. Compute the total cash inflows from operating activities

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