Solution-What is the direct materials price variance

What is the direct materials price variance

Assignment Help Managerial Accounting

Reference no: EM132822971

Question - Bellingham Company produces a product that requires seven standard pounds per unit. The standard price is $5 per pound. If 6,300 units used 42,300 pounds, which were purchased at $5.2 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Reference no: EM132822971

Questions Cloud

What is the net income under the absorption costing : Fixed selling, general, and administrative costs - P1,000; Variable selling costs per unit sold - P1; What is the net income under the absorption costing

Define software architecture : Define software architecture. Define and describe SOA. Compare and contrast a web page and a web service.

RBM5004 Leading and Managing Teams Assignment : RBM5004 Leading & Managing Teams Assignment Help and Solution, University of Bolton - Assessment Writing Service

What amount must be recognized by marian co as share : What amount must be recognized by Marian Co. as its share in the 2020 losses of the investee? On January 1, 2019, Marian Co. made cash advances of $2,000,000

What is the direct materials price variance : The standard price is $5 per pound. If 6,300 units used 42,300 pounds, which were purchased at $5.2 per pound, what is the direct materials (a) price variance

Significant impact on america over the past fifty years : What surprised you the most about the Vietnam War? Many say this is the U.S.'s first clear defeat. Did America 'lose' this war?

Find how much is the balance of investment in associate : On April 1, Belle Inc. bought 40% of the outstanding ordinary shares. How much is the balance of Investment in Associate at the end of the current year?

Replacement goals from aaps : 1) The difference between black and white test takers on cognitive ability tests has been

Calculate the maximum cost of the property : What if the bank offers 30-year mortgage but at 3% APR - does your answer change? In each case, calculate the maximum cost of the property

User Account

All Pages

What is the direct materials price variance

Reference no: EM132822971

Reference no: EM132822971

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT