What the direct material usage variance is

Assignment Help Managerial Accounting
Reference no: EM132632090

Problem 1: Y operates a standard marginal costing system. The following budgeted and standard cost information is available:

Budgeted production and sales 10,000 units

Direct material cost - 3 kg x $10 $30 per unit

Actual results for the period were as follows:

Production and sales 11,500 units

Direct material - 36,000 kg $342,000

Option 1: The direct material usage variance is

A. $15,000 adverse

B. $14,250 adverse

C. $14,250 favourable

D. $15,000 favourable

Reference no: EM132632090

Questions Cloud

Determining the true value of a company : What are the limitations of financial statements prepared under the International Financial Reporting Standards and determining the true value of a company
Modeling and evaluation of cognitive-control task and system : Communication is a key factor to successfully completing a task, especially if others are involved in the task completion.
What is the direct material price variance for x operates : What is the direct material price variance for X operates? Direct material cost - 3 kg x $10 $30 per unit. Budgeted production and sales 10,000 units
How you drew your conclusion about its market structure : Reply to these prompts using the company for which you currently work, a business with which you are familiar, or a dream business you want to start.
What the direct material usage variance is : What the direct material usage variance is? Direct material cost - 3 kg x $10 $30 per unit. Budgeted production and sales 10,000 units
Describe a tradeoff you have made in terms of your income : Reply to these prompts to start your discussion: Describe a tradeoff you have made in terms of your income or your time. What choice did you make with your.
What is meant by supply chain management : What is meant by supply chain management and why is it important in a healthcare organization?
What is the profit maximizing price for kallocain : What is the profit maximizing price for Kallocain in the EU? Assume that and marginal cost equals 0. How high are profits?
Make an income statement for the year ended december : These items are taken from the financial statements of Cullumber Company at December 31, 2022. Make an income statement for the year ended December

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate the actual cost per unit in april

Calculate the actual cost per unit in April and the budgeted cost per unit in May. Explain why the cost per unit is expected to decrease.

  Find how much advertising would allocate to irvine center

How much advertising would be allocated to the Irvine center? Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit

  Mix of financial and nonfinancial measure

Find the right mix of financial and nonfinancial measure to perform multiple tasks and identify appropriate remedial actions to be taken when performance falls short.

  How will impact the holding of a Responsibility Center

How can/should the Accounting Department make this determination and how will this impact the holding of a Responsibility Center accountable

  Estimate what is the profit or loss associated with copper

Landmark Coal operates a mine. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?

  Prepare schedules of cost of goods manufactured

Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement.

  Find the firms market size variance for the period is

Find The firms market size variance for the period is. Total industry volume for both products X and Y was estimated to be 130,000 units at the time

  How do find out the absorption costing income from operation

How do find out the absorption costing income from operation and the variable costing income from operations?Less ending inventory (24,000 units)

  Estimating cost-behavior patterns

The following information provides the amount of cost incurred in May for the cost items indicated. During May 16,000 units of the firm's single product were manufactured.

  How much is swifty break-even point

Swifty Corporation sells a product w a contribution margin of $12 per unit, fixed costs of $223200, and sales for the current year of $260000.

  Evaluate what is the material quantity variance

The plastic actually cost $80 per yard. The company made 4,200 units. Total yards used for production were 3,960. What is the material quantity variance?

  Which is for the company to invest in all projects

Situation of having unlimited capital funds, the best decision rule, considering only financial factors, is for the company to invest in all projects in which

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