What is direct materials quantity variance for the month

Assignment Help Accounting Basics
Reference no: EM131769587

Problem - Trendy T's Corporation manufactures t- shirts, which is its only product. The standards for t - shirts are as follows:

  • Standard direct materials cost per yard - $9.00
  • Standard direct materials quantity per t - shirt (yards) - 2

During the month of May, the company produced 1,550 t- shirts. Related production data for the month follows:

  • Actual yards of direct material purchased - 1,200
  • Actual direct materials total cost - $20,800

Required - What is the direct materials quantity variance for the? month?

A. $17,100 favorable

B. $10,000 favorable

C. $17,100 unfavorable

D. $10,000 unfavorable

Reference no: EM131769587

Questions Cloud

Level of significance and state decision : The sample size is 50 of a mean of 32.5 ppm. Elaborate a hypothesis test at the level of significance and state your decision.
Evaluate a hypothesis test at the level of significance : Evaluate a hypothesis test at the level of significance (0.05) and state your decision.
What are the equations : Does the function y=f(x) = (800 / sqrt x) - 25 have a horizontal or vertical asymptote if so, what are the equations?
Horizontal or a vertical asymptote : Does the function, y=f(x)=3 / x^2 -x have either a horizontal or a vertical asymptote? If so, give the equations of the asymptotes.
What is direct materials quantity variance for the month : Trendy T's Corporation manufactures t- shirts, which is its only product. What is the direct materials quantity variance for the? month
What are the stresses and elliciency : A bailer 6 li in diameter carries steam at a pressure or $0 psi. The SA285. Grade B steel plates are 2 in thick, the SA325 steel bolts are 2 in in diameter.
What do we know about sammy : What do we know about Sammy, about his character and background - What's important about the bathing suits?Would the significance of the bathing suits change
What was the original bill prior to the tip : You do remember that the bill totaled $28.43 after adding a 15% tip for the waiter. What was the original bill prior to the tip?
What should a ceo do when a disaster strikes : What should a CEO do when a disaster strikes?How should a business determine to what extent of a disaster they should be planning for?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Arguments for and against the concept of repressed memory

Create a 7- to 10-slide Microsoft® PowerPoint® presentation addressing the following: Explain the controversy of repressed memory

  Discuss credit purchases previously recorded

Paid the entire $99,000 owed for store equipment and $620,000 of the amount due to suppliers for credit purchases previously recorded

  What is the purpose of knowing the cost formula

Using the high-low method, estimate the cost formula for manufacturing overhead. What is the purpose of knowing the cost formula

  Selecting accounting method-fiscal year-end

Tom and Jerry are considering forming a partnership. Both taxpayers use the calendar year and are cash basis taxpayers. The partnership will not be a tax shelter.

  Prepare journal entries to record events in the accounts

Prepare the journal entries to record above events in the accounts of S & X. . Assume that distribution of earnings onNovember 30 was payment of a dividend that was declared on November20.

  The ward county hospital center wchc wants to buy a new

the ward county hospital center wchc wants to buy a new mobile primary care van to use in screening residents in an

  Summary entries to record by using installment-sales method

Collections during the year from down payments and installments totaled $300,000. Purchases for the year totaled $400,000; the cost of merchandise on hand at the end of the year was $80,000. Instructions: Using the installment-sales method, make s..

  Prepare a memorandum to the audit manager

Prepare a memorandum to the Audit Manager, outlining your risk assessment relating to Wild Forest Limited based on the above situations

  Summary of the case study that identifies the key problems

Complete a summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.

  Summarize the major reform principles of any three titles

Summarize the major reform principles of any three titles. Analyze how it could have been avoided if the principles of Sarbanes-Oxley would have been followed.

  Calculate the missing amounts

Suppose a company has the following balance sheet accounts; calculate the missing amounts assuming the company has total assets of $48,000

  Asset-liability approach-recording deferred income taxes

Indicate whether each of the following independent situations should be treated as a temporary difference or as a permanent difference and explain why.

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