User Account

All Pages

What is the material quantity variance

Assignment Help Managerial Accounting
Reference no: EM132925979

Question - A company planned to produce 10,000 units, but accidentally produced 9,000 units. Each unit has a standard quantity of 10 lb of material, and a standard price for the material of $8/pound. The company purchased 100,000lb of material at $10/pound but only used 95,000lb.

1) What is the material quantity variance?

2) What is the material price variance?

Reference no: EM132925979

Questions Cloud

Explain the organization development process : Explain the organization development process with the help of a model.
Explain strategies to address disclosure and nondisclosure : Explain strategies to address disclosure and nondisclosure as identified in the scenario you selected. Be sure to reference laws specific to your state
What is the significance of renal disease : Question 1: What is the significance of renal disease with respect to anaemia, if any?
Types of performance appraisals : Analyze at least three types of performance appraisals. Identify some of the advantages and/or disadvantages of each type.
What is the material quantity variance : A company planned to produce 10,000 units, but accidentally produced 9,000 units. What is the material quantity variance
How often should the drug be administered : What type of drug should you prescribe based on patient's diagnosis? How much of the drug should the patient receive? How often should the drug be administered
Common misunderstandings of the duty : What are common misunderstandings of the duty to accommodate such as he fear of impact on morale in the workplace
Discuss the health care organization or network : Research a health care organization, Describe the health care organization or network. Describe the organization's overall readiness based on your findings.
Describe the diversity management approach : How does a diversity management approach support and enable workers with a disability?

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