User Account

All Pages

What is the materials quantity variance

Assignment Help Accounting Basics
Reference no: EM132739333

Questions -

Q1. Assume that the standard cost to make one unit of product includes 15 units of raw materials at a price of $3 per unit. In July, 34,000 units of raw materials were purchased for $100,800, and 30,600 units of raw materials were used to produce 2,000 units of ?nished product. What is the materials quantity variance?

a. $2,400 (U)

b. $1,800 (U)

c. $1,200 (F)

d. $1,200 (U)

Q2. Assume that the standard cost to make one ?nished unit includes 2 hour of direct labor at $8 per hour. During April, 22,000 direct labor-hours were worked, 10,500 units of product were manufactured, and total direct labor cost was $160,000. What is the labor rate variance for April?

a. $2,000 (U)

b. $2,000 (F)

c. $16,000 (U)

d. $16,000 (F)

Reference no: EM132739333

Questions Cloud

Interpret and implement algorithms and program code : Apply sound program analysis, design, coding, debugging, testing and documentation techniques to simple programming problems.
Contrast the three distinct types of control : 1. Why is controlling a very important management function?
Compare equal employment opportunity and affirmative action : Compare and contrast equal employment opportunity, affirmative action, and managing diversity programs. In your opinion, can they occur simultaneously?
Intangible benefits of increased customer service : Detail specific consideration regarding customer satisfaction levels and costs. Discuss the intangible benefits of increased customer service and increased cost
What is the materials quantity variance : Assume that the standard cost to make one unit of product includes 15 units of raw materials at a price of $3 per unit. What is the materials quantity variance
Explain concisely with well-structured : Explain concisely with well-structured and clear sentences to somebody who has not heard of the concept of 100% efficient supply contract.
Evaluate the mitigation measures taken by sime darby : Evaluate the mitigation measures taken by Sime Darby for the following THREE (3)risks and suggest opposing perspectives (or strategy paradoxes)
What is the probability that the sample mean : If you select a random sample of 25 mufflers, what is the probability that the sample mean will exceed 5.07kg? (population average is 5kg, STD 0.08kg).
Forecast in support of supply chain planning process : -How has the development of the internet affected the way companies forecast in support of their supply chain planning process?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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