User Account

All Pages

What is the material price variance

Assignment Help Managerial Accounting
Reference no: EM132925249

Problem - A standard budget shows a typical unit should require eight pounds of material at a standard cost of $4/pound. During the year, the company produced 50,000 units. Total material costs for the year were $1,500,000. Average cost per pound was $3.00. What is the material price variance (MPV) for the period? If favorable, enter as positive; if unfavorable, enter as negative.

Reference no: EM132925249

Questions Cloud

How specific aspects of the public health infrastructure : Choose a recent (within the last 3 years) outbreak or other public health emergency situation that has drawn significant media attention.
Bargaining power of customers : The five forces are bargaining power of customers, bargaining power of suppliers, threat of new entrants, threat of substitutes and rivalry among competitors
How the various health components of the public health : Describe how the various health components of the public health infrastructure have contributed to the gains described in the readings and resources.
Evaluate the degree of open communication : What criteria would you use (as a leader) to evaluate the degree of open communication climate for an organization? Using that criteria, evaluate your organizat
What is the material price variance : Total material costs for the year were $1,500,000. Average cost per pound was $3.00. What is the material price variance (MPV) for the period
Do you agree with cyber-vetting : Do you agree with cyber-vetting? Why or why not? What could be the privacy implications for job candidates? In your discussion, consider the potential benefits
How does leaders exemplify principles of each leadership : How does these leaders exemplify the principles of each leadership style and French and Raven's sources (bases) of power (influence)?
Why creating a team name and motto is essential : Please describe why creating a team name and motto is essential? I am interested to know can we relate these team names and motto in a real-world environment?
What could crisis communicators do to assure the safety : What could crisis communicators do to assure the safety of babies is not compromised? What methods of communications would be most effective?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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