What is the direct materials price variance

Assignment Help Accounting Basics
Reference no: EM133185076

Question - Bradford Company budgeted 4,700 pounds of material costing $4.00 per pound to produce 2.500 units. The company actually used 5,200 pounds that cost $4.10 per pound to produce 2,500 units. What is the direct materials price variance?

Reference no: EM133185076

Questions Cloud

MKM805 Strategic Marketing Management Assignment : MKM805 Strategic Marketing Management Assignment Help and Solution, Seneca College - Assessment Writing Service
Determine expense percent : Determine expense percent, given: Gross sales $398,320 and Customer returns & allowances 8.60%
Compute the bc merchandising gross margin for the year : BC Ltd. Has collected the following data and asks you to prepare the Income statement: Compute the BC merchandising gross margin for the year
Calculate the present value of this offer : You have been offered $2,000 per year for five years, with the first receipt at the end of four years. Calculate the present value of this offer
What is the direct materials price variance : The company actually used 5,200 pounds that cost $4.10 per pound to produce 2,500 units. What is the direct materials price variance
What role can Excel play in decision-making : What role can Excel play in decision-making? Explain. Describe a time you have performed a what-if analysis? Explain.
Determine the direct labor cost per unit for each job : Antolini Enterprises produces men's sports coats that are sold by popular department stores. Determine the direct labor cost per unit for each job
Demand and supply have changed for this commodity : You are familiar with and discuss how and when demand and supply have changed (shifted) for this commodity.
Prepare the operating activities section of the statement : Using the direct method, prepare the operating activities section of the statement of cash flows to the period ending 2021. Show all calculations

Reviews

Write a Review

Accounting Basics Questions & Answers

  Using the alphabetical list of account balances presented

using the alphabetical list of account balances presented below all of which are normal prepare a trial balance for

  Evaluate the carrying amount of fair value reserve

Entity A purchases a debt instrument for $1,000 on 1 Jan 2018. Evaluate the carrying amount of fair value reserve in OCI as at 31 Dec 2018

  Explain the importance of activities in promoting control

The Balcar Company's auditors are developing an audit plan to review the company's systems development procedures. Their audit objectives are to ensure that.

  Market participants would take into account

Market participants would take into account when pricing the asset or liability - distinguish equity investment from debt investment. using your own words

  Determine sunland should recognize a gain of

On January 1, 2012, Sunland Company purchased for $690000, equipment having a useful life of ten years and an estimated salvage value of $40200.

  What is total amount of dividends paid to shareholders

The company had 2,700 shares of 5.0%, $200 par value preferred stock. What is the total amount of dividends paid to common shareholders during Year 3

  Determine the value of outtel

Outtel's EPS is ($5.00), BPS is $0.4, and sales per share is $1.5. Based on the information above, using the price multiples approach, determine value of Outtel

  What is the journal entry to be made on december

On December 31, 2007, the most recent trade proce of the stock was at $1.91. What is the journal entry to be made on December 31, 2007?

  What is the maximum cost that can be paid

You are planning to purchase a total of 1500 sweaters, retailing at $40 each, What is the maximum cost that can be paid for the remaining units

  Calculate the book value of machinery for the year ended

Calculate the book value of machinery for the year ended June 30, 2004. Calculate the depreciation expense of machinery for the year ended June 30, 2005.

  Evaluate the pros and cons of implementing an erp system

Evaluate the pros and cons of implementing an ERP system using the "big bang" or "phased in" approach for a medium- to large-sized university

  Calculate the dividends per share on each class of stock

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places

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