What is sheridan creation direct materials quantity variance

Assignment Help Accounting Basics
Reference no: EM133170044

Question - Sheridan Creations purchased 8800 feet of copper tubing at a price of $2.60 per foot and used 9000 feet during the period. The standard quantity allowed for the units produced is 9100 and the standard price of the copper tubing is $2.40 per foot. What is Sheridan Creations' direct materials quantity variance for the period?

$720 favorable

$480 favorable

$240 unfavorable

$240 favorable

Reference no: EM133170044

Questions Cloud

Calculate the static budget and flexible budget : Using the following information, calculate the static budget, flexible budget and sales-volume variances. Actual Budget Total Revenue $120,000 $110,000
Prepare first two years of straight-line amortization table : Hillside issues $2,800,000 of 8%, 15-year bonds dated January 1, 2021, Prepare the first two years of a straight-line amortization table
How much warranty expense should be included : In December 2021, Your Corporation sold merchandise that cost it $34,000 for $135,000. How much warranty expense should be included
What is the effect on profits of accepting an offer : What is the effect on profits of accepting an offer from Additives-R-Us to supply Chemical ZYX3 at a price of $16 per gallon
What is sheridan creation direct materials quantity variance : The standard price of the copper tubing is $2.40 per foot. What is Sheridan Creations' direct materials quantity variance for the period
Prepare the cash budget for the first quarter : Prepare the cash budget for the first quarter. Alberto's maintains that it will repay loans as soon as possible with any excess cash that becomes available
Calculate the cash balance at december : SC Company had the following amounts in its statement of cash flows for the year ended December 31, 2019. Calculate the cash balance at December
What amounts should labo report as current and deferred tax : The enacted tax rates are 25% in Year 1 and 30% in future years. What amounts should Labo report as current and deferred tax liabilities
What is the estimate of the total misstatement : Alexander has chosen a sample of $500,000 in Accounts Receivable. Ignoring sampling risk, what is the estimate of the total misstatement in Accounts Receivable

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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