User Account

All Pages

What is the materials price variance for the month

Assignment Help Financial Accounting
Reference no: EM132497400

The following materials standards have been established for a particular product:

Standard ouantlty per unit of output 3.6 metres

Standard price $10.20 per metre

The following data pertain to operations concerning the product for the last month:

Actual materials purchased E100 metres

Actual cost of materials purchased $58,515 per metre

Actual materials used in production 6.600 metres

Actual output 1380 units

Required:

Question a. What is the materials price variance for the month?

Question b. What is the materials quantity variance for the month?

Reference no: EM132497400

Questions Cloud

Definition of membrane fluidity : Definition of membrane fluidity, it's importance for a cell and where does the fluidity come from? What is the impact of the fluidity of a membrane please.
What percentage of cancers in a population : How can we estimate what percentage of cancers in a population that are avoidable (through virtuous life styles) and what percentage occur
How would the level of atmospheric oxygen be affected : How would the level of atmospheric oxygen be affected if there was a significant reduction in productivity (plant live) in Earth's biosphere?
What is the genotype of the purple offspring : The flower color trait in radishes is an example of which of the following inheritance patterns? What is the genotype of the purple offspring?
What is the materials price variance for the month : What is the materials price variance for the month? The following materials standards have been established for a particular product
Result of vesicoureteral reflux : Cassandra Mitchell, 2 years old, is suspected of having hydronephrosis as a result of vesicoureteral reflux. (Learning Objectives 2, 3, and 4)
What are the functions of the 12 cranial nerves : What are the functions of the 12 cranial nerves and how might they interact with each other?
Determining the treatment or cure : Dr. Dresdner explained that there was treatment for this disease. Daniel would need immunoglobulin infusions every three to four weeks in order
Calculate each firms abnormal earnings : Calculate each firm's abnormal earnings and indicate which firm was better managed during calendar year 2019. Below is data for calendar 2019 for two companies

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!

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