What is sandhill direct materials price variance

Assignment Help Managerial Accounting
Reference no: EM132994884

Problem - Sandhill Manufacturing Company purchased 16000 switches to make 7000 units. The standard allows for 2 switches per unit. The company actually used 16500 to produce the 7000 units. Sandhill budgeted $0.79 per switch but had to pay $0.34 per switch. What is Sandhill's direct materials price variance for the period?

Reference no: EM132994884

Questions Cloud

What is the net present value of this project : From your dealership you expect to generate annual revenues of $700,000 and have operating expenses of $200,000, What is the net present value of this project
Determine the number of current ratio as of December : The following financial information is for Chesapeake Corporation are for the fiscal years - Determine the number of current ratio as of December
What is the management accountant role in setting price : Management decided that the required markup is 40%. What is the management accountant's role in setting price of a new product
What equal monthly payments will pay off the debt : Lynn Anglin owes a debt of $40,000 from the purchase of her new sport utility vehicle. What equal monthly payments will pay off the debt
What is sandhill direct materials price variance : Sandhill budgeted $0.79 per switch but had to pay $0.34 per switch. What is Sandhill's direct materials price variance for the period
Determine the amount of new equity raised : At the beginning of the year, net fixed assets were 39,640, current assets were 13,940, Determine the amount of new equity raised
Compute the gross profit : Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2022 under two different assumptions
Describe the ethical conflict facing you as division manager : Describe the ethical conflict facing you as division manager when asked to help create the budgeted income statement for your division
How cbd boxes are beneficial for a business : Blog with Meta Description on: How CBD Boxes are Beneficial for a Business?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What evidence is there from the case company

HI5017 Managerial Accounting Holmes Institute Australia-Identify any specific examples of the different types of management accounting methods.

  What implications does starbucks commitment

What implications does Starbucks' commitment to corporate social responsibility have for the standard cost of a cup of coffee? Provide the suitable example.

  Determine how much flexible budget total manufacturing cost

How much is the flexible budget total manufacturing cost? Variable manufacturing costs$15.00 per unit. Fixed manufacturing costs$30,000

  Determine the asset turnover ratio

Financial statement data for the years ended December 31, 20Y7 and 20Y6, for Latchkey Company follow: Determine the asset turnover ratio

  How positive accounting bonus plan hypotheses provide

How Positive Accounting Bonus Plan Hypotheses might provide an explanation for the decisions made by Rio Tinto management in relation to the Juukan

  Show an amount column a per unit column

Show an Amount column, a Per Unit column, and a Percent column on each statement. Do not show percentages for the fixed expenses.

  Prepare an income statement for current year ended december

Does it appear that the company pays commissions to its sales staff and what is the likely effect on the $4.50 unit cost of direct materials if next year's production increases? Why?

  Portland plastics inc. has the following data

Portland Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio?

  What is the amount of fixed overhead allocated to production

What is the amount of fixed overhead allocated to production? Daniel Motors manufactured 10,000 scooters during June. The fixed overhead data pertain to June

  Calculate the sales in units needed for the company

Bright Corporation,Calculate the sales in units that would be needed for the company to break even if variable costs increased by $58 per unit.

  How units were transferred out

During the accounting period, the department started an additional 275 units and had an ending balance of 50 units. units were transferred out

  Prepare a report to recommend about ABC model

HI5017 Managerial Accounting Assignment - You are required to prepare a report to recommend about ABC model for your company

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