Solution-What is the standard quantity of materials allowed

What is the standard quantity of materials allowed for may

Assignment Help Cost Accounting

Reference no: EM132549481

The Villegas Company uses standard costing. The following data are available for May:

Actual quantity of direct materials used 23,500 pounds

Standard price of direct materials P2 per round

Material quantity variance P1,000 unfavorable

Question 1: What is the standard quantity of materials allowed for May production?

a. 23,000 pounds

b. 24,000 pounds

c. 24,500 pounds

d. 25,000 pounds

Reference no: EM132549481

Questions Cloud

Solve the break even sale level in shillings : The machine increases the fixed production cost by 20% but reduces variable production cost per unit by 30% what is the new break-even point in sales revenue?

What is meant by a code of corporate governance : Explain what is meant by a 'code of corporate governance' and discuss the general purposes of such a code in listed companies such as Boom Co

Compute inventory amounts at the end of each year : Compute inventory amounts at the end of each year, including January 1, 2018. On January 1, 2018, the National Furniture Company adopted

Explain the unique characteristic of human capital : Explain the unique characteristic of human capital for the right fit for International Human Resources Management operations of hiring expatriates.

What is the standard quantity of materials allowed for may : What is the standard quantity of materials allowed for May production? Actual quantity of direct materials used 23,500 pounds.

Stock structure and risk : What elements comprise their capital structure? What is the history on your company's growth? Look up the beta for your stock

Compute for equivalent units of production and prepare cost : Using the average cost method, compute for equivalent units of production and prepare cost of production report under each of the assumptions

Firms choose to cut or eliminate their dividends : Why do firms choose to cut or eliminate their dividends? What usually happens to the stock price of a company that does this?

How much should be adjusted for on December : Assume that December 31, is a Tuesday, and all 5 employees worked the first two days of the week. How much should be adjusted for on December 31

User Account

All Pages

What is the standard quantity of materials allowed for may

Reference no: EM132549481

Reference no: EM132549481

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT