What is the direct materials quantity variance

Assignment Help Financial Accounting
Reference no: EM13825140

Bradford Company budgeted 4,750 pounds of material costing $6.5 per pound to produce 2,375 units. The company actually used 12,000 pounds that cost $6.6 per pound to produce 3,500 units.

What is the direct materials quantity variance?

$8,275 unfavorable

$32,500 unfavorable

$475 unfavorable

$32,500 favorable

$1,200 unfavorable

Reference no: EM13825140

Questions Cloud

Relationship between law and ethics : Explain the relationship between law and ethics. In Michigan, corporate status may only be challenged by _______
Big business on national and regional cultures : Examine the impact of and responses to globalised Big Business on national and regional cultures.
Write an essay about the factors that influence a company : Write an essay about the factors that influence a company's choice of inventory valuation method (FIFO, LIFO and Weighted Average)
Explain the strict scrutiny : What must a plaintiff demonstrate to hold a hospital vicariously liable for a physician's medical malpractice and what are the several ways of proving this? Explain the "strict scrutiny" standard and in what situations courts will use that test.
What is the direct materials quantity variance : Bradford Company budgeted 4,750 pounds of material costing $6.5 per pound to produce 2,375 units. The company actually used 12,000 pounds that cost $6.6 per pound to produce 3,500 units. What is the direct materials quantity variance?
Case study: ford motor company aligned business framework : Case Study: Ford Motor Company Aligned Business Framework
Discuss methods used to account for investments : Discuss methods used to account for investments in a consolidated financial statement. Explain journal entries on the parent's books to account for an investment using the cost method, the partial equity method, and the complete equity method.
Management is considering discontinuing product altogether : Product R19N has been considered a drag on profits at Buzzeo Corporation for some time and management is considering discontinuing the product altogether. What would be the effect on the company's overall net operating income if product R19N were dro..
Explain what is meant by measurement in accounting : Discuss the above statement. Ensure you explain what is meant by measurement in accounting and what are the issues and problems that arise with measurement

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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