What is the direct materials quantity variance

Assignment Help Accounting Basics
Reference no: EM132503676

Question - Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,690 pounds of material, $5.20; and standard costs for 4,400 pounds of material at $6.40 per pound.

What is the direct materials quantity variance?

a. $5628 favorable

b. $5,628 unfavorable

c. $1,856 unfavorable

d. $1,856 favorable

Reference no: EM132503676

Questions Cloud

Create a new journal entry or entries for the acquisition : Create a new journal entry or entries for the acquisition. Record this acquisition (including all cash outlays) in a journal entry or entries. Show individual
What is the direct labor time variance : The following data relate to direct labor costs for the current period: Actual costs 6,200 hours at $10.00. What is the direct labor time variance
Expression for the shop average xed costs : Which of the following is an expression for the shop's average xed costs (in terms of cupcakes, Q)?
What is the size of the required annual payment for the loan : When the firm makes the first payment, how much of it goes towards reduction of the principal? What is the size of the required annual payment for the loan
What is the direct materials quantity variance : Actual costs for 4,690 pounds of material, $5.20; and standard costs for 4,400 pounds of material at $6.40 per pound. What is direct materials quantity variance
Payos in the normal form game represent prots : The payos in the normal form game represent prots for rms A and B. Which of the following combinations of strategies are Nash Equilibria?
Determine the implied semiannual yield to maturity : What is the (nominal annual) YTM on these bonds? The effective annual YTM on these bonds? Determine the implied semiannual yield to maturity (YTM)
Analyse the effectiveness of a feedback control system : Critically analyse the effectiveness of a feedback control system for a practical engineering application - Construct a block diagram outlining all the signals
Calculate after tax cost of capital : Question - Z company ltd issued 12% debenture of rs 100 each at a discount of 10%, Calculate after tax cost of capital

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are property distributions

What are property distributions? How are they taxed for the distributing corporation as well as for the shareholder

  On january 2 2006 pagan corporation acquired 40 of the

on january 2 2006 pagan corporation acquired 40 of the outstanding common stock of sancto company for 1000000. on that

  John is considering two bank card offers that are the same

john is considering two bank card offers that are the same in all respects except for the following. bank a charges no

  As a long-term investment painters equipment company

as a long-term investment painters equipment company purchased 30 of amc supplies inc.s 300000 shares for 630000 at the

  Which authoritative sources have you seen in your studies

Which authoritative sources have you seen in your studies thus far? Have you used any of these in your accounting job, if any?

  Maria chavez owns a catering company that serves food and

maria chavez owns a catering company that serves food and beverages at parties and business functions. chavezs business

  Results in a concentrated product

An alcohol solution contains 6% ethanol by mass. This solution is fed to a distillation process which results in a concentrated product (90% ethanol by mass) and an "ethanol free" product (0.005% ethanol by mass).

  Determine standard direct material cost per bar of chocolate

Standard Direct Materials Cost per Unit Bavarian Chocolate Company produces chocolate bars. ThDetermine the standard direct materials cost per bar of chocolate.

  Assume that success systems has total revenues

Adria Lopez, owner of Success Systems, realizes that she needs to begin accounting for bad debts expense.

  Create some data that you can use for a pivot table

MIS 3310 - Excel Project. Create some data that you can use for a Pivot Table. Then create a pivot table and list 4 or 5 questions

  Most decisions made by management impact the ratios

most decisions made by management impact the ratios analysts use to evaluate performance. indicate by letter whether

  Applies overhead to jobs using direct labor hours

XYZ Company began operations during 2011 and employs a job-order costing system that applies overhead to jobs using direct labor hours

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