User Account

All Pages

What is the materials price variance

Assignment Help Managerial Accounting
Reference no: EM133173548

Question - Assume the following:

The standard price per pound is $2.00.

The standard quantity of pounds allowed per unit of finished goods is 4 pounds.

The actual quantity of materials purchased and used in production is 50,200 pounds.

The actual purchase price per pound of materials was $2.25.

The company produced 13,000 units of finished goods during the period.

Required - What is the materials price variance?

Reference no: EM133173548

Questions Cloud

Determine the costs per unit for last year and for this year : Production was 180,000 units. Fixed manufacturing overhead was $868,000. Determine the costs per unit for last year and for this year
Indicate the effects of the amounts for the transactions : The clock had originally cost GCI $7,500. Assume GCI uses a perpetual inventory system. Indicate the effects of the amounts for the above transactions
What is the sneaker company plantwide overhead rate : A Sneaker company estimates that overhead costs for the next year will be $8,440,00 for indirect labor. What is the sneaker company plantwide overhead rate
What is the amount of each payment : The loan payments are semi-annual with the first payment due in six months, and interest is at 6%. What is the amount of each payment
What is the materials price variance : The actual quantity of materials purchased and used in production is 50,200 pounds. The standard price per pound is $2.00. What is the materials price variance
Positive or negative effect of the issue presented : Discuss the Current practice, Positive or negative effect of the issue presented, Short term and long-term impact, Future plan or expansion, Current problem
Articulate the importance of job analysis : Educate your team of HR executives on the importance of job analysis and its process
What percentage decline in earnings before interest : What percentage decline in earnings before interest and taxes could Natural Selection have sustained before failing to cover
How you would communicate with senior management : How you would communicate with senior management about the strategic direction of the organisation - Analysing the strengths, weaknesses, opportunities

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