User Account

All Pages

What is the direct materials price variance

Assignment Help Accounting Basics
Reference no: EM132776069

Problem - Tip Top Corp. produces a product that requires six standard pounds per unit. The standard price is $4.50 per pound. If 3,000 units required 18,500 pounds, which were purchased at $4.35 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance?

Reference no: EM132776069

Questions Cloud

Journalize the entry to record the standard direct materials : The company actually used 36,000 pounds in production. Journalize the entry to record the standard direct materials used in production
Find the fixed factory overhead volume variance : The standard fixed overhead cost per unit is $1.15 per direct labor hour at 58,000 hours, which is 100% of normal capacity. Find the fixed factory overhead
What is the direct labor rate variance : If 15,000 units used 61,800 hours at an hourly rate of $19.85 per hour, what is the direct labor (a) rate variance? (b) time variance? (c) cost variance
Find the variable factory overhead controllable variance : Tip Top Corp. produced 3,000 units of product that required 2.5 standard hours per unit. Find the variable factory overhead controllable variance
What is the direct materials price variance : Tip Top Corp. produces a product that requires six standard pounds per unit. The standard price is $4.50 per pound. What is the direct materials price variance
Prepare the liability section of the classified statement : Prepare the Liability section of the CLASSIFIED statement of financial position of Morrison Co. in good form at December 31, 2020
Describe the concept of decomposition in project management : Describe the concept of decomposition in project management and its role in breaking project objectives into achievable project deliverables.
How much should each division be allocated for services : The centralized computer technology department of Hardy Company has expenses of $320,000. How much should each division be allocated for services
By how much will each division income increase : The two divisions have recently negotiated a transfer price of $22 per unit for 30,000 units. By how much will each division's income increase as a result

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd