What is the standard quantity of materials for the period

Assignment Help Accounting Basics
Reference no: EM133037919

Question - Your Company has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased: 35,000 pounds

Standard price of direct materials: $4 per pound

Standard quantity per unit: 4.5 pounds

Material price variance: $7,000 unfavorable

Material quantity variance: $4,200 favorable

Required - What is the standard quantity of materials for the period?

Reference no: EM133037919

Questions Cloud

Especially amenable to rehabilitation : Is the assumption that juveniles are especially amenable to rehabilitation because of their age and perceived openness to learning accurate?
What is the estimated total cash collections for april : Your Company estimated that the pattern of collection of creditsales will be 45% in the month of sale. What is the estimated total cash collections for April
Good-faith exception to the exclusionary rule : Describe in detail the good-faith exception to the exclusionary rule and the reasoning and intention behind the SCOTUS's judgment.
Categories of justification and excuse : Affirmative defenses fall under the categories of justification and excuse. The defense of duress cannot be used in cases of murder.
What is the standard quantity of materials for the period : Actual quantity of direct materials purchased: 35,000 pounds. What is the standard quantity of materials for the period
Characteristics of successful leader in corrections : What you think some of the characteristics of a successful leader in Corrections might be.
Determine the amount of us dollars that new york co need : Assume that interest rate parity exists. Determine the amount of U.S. dollars that New York Co. will need in two years to make its payment
Recruiting employees in corrections : Results indicate correctional systems face serious difficulties in recruiting and retaining an adequate staff of qualified correctional officers.
Market strategy in business administration : 1. Do you think global thinking is necessary as a market strategy in business administration? To what extent do you think is it viable to have a global thinking

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