What is the standard quantity of direct material per unit

Assignment Help Accounting Basics
Reference no: EM132969007

Question - Wayne Inc used 10,000 pounds (cost = $50,000) of direct material in the manufacture of 1,000 finished units. The direct material price variance and quantity variances are 5,000 favorable and 2,750 unfavorable, respectively. What is the standard quantity of direct material per unit?

Reference no: EM132969007

Questions Cloud

Why is it important for boards to speak to shareholders : Why is it important for boards to speak to shareholders?
Error term conditional on the independent variables : For this the obvious thing to think about is everything else that can affect the dependent variable that you have not included as an independent variable in you
How can you use linkedin to network : How can you use Linkedin to network? If you are already a member go through the different tools in the site. How can these tools help you when looking for a job
Intersection of character and narration : Revise the sections on 'Character' and 'Narrative perspective' in Units 3 and 4 of Tutorial Letter 501, paying special attention to the discussion on 'The inter
What is the standard quantity of direct material per unit : The direct material price variance and quantity variances are 5,000 favorable and 2,750 unfavorable, respectively. What is standard quantity of direct material
Describe a real-world example of an organization : Describe a real-world example of an organization that would place more importance on one area of the SWOT analysis compared to another area.
Trend toward more salesforce specialization : Why do people think there is a trend toward more salesforce specialization?
What are the risk associated with banking activities : What are the risk associated with banking activities? Identify and explain the procedures that are important to the examination of bank's accounts
Communication and effective leadership synonymous : Is effective communication and effective leadership synonymous, mutual, or separable? If so, how do we as emerging leaders measure the effectiveness of our comm

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd