User Account

All Pages

What the direct materials usage variance

Assignment Help Managerial Accounting
Reference no: EM133076558

Question - Additives Products Ltd. bottles and sells hot pepper sauce. In 2020, the company had expected to sell 60,000 bottles but actually bottled and sold 70,000 bottles. The standard direct materials cost for each bottle is P.28 comprised of .80 ounces at a cost of P.35 per ounce. During 2020, 68,000 ounces of materials were purchased out of which, 55,000 ounces were used at a cost of P.32 per ounce.

Required -

1. What the direct materials price variance for 2020?

a. P2,040 F

b. P2,040 UF

c. P1,650 F

d. P1,650 UF

2. What the direct materials usage variance for 2020?

a. P350 F

b. P350 UF

c. P4,200 F

d. P4,200 UF

Reference no: EM133076558

Questions Cloud

Estimate the firm cost of equity : -Betsy Co is working on maintaining a steady dividend payout ratio over the years. Each year, for the last several years, Betsy Co has paid out 30% of its net i
Determine the projected merchandise purchases : Beginning inventories of each month are budgetedat 40% of that particular month's projected cost of goods sold. Determine the projected merchandise purchases
Which of solomon biblical principles stood : Which of Solomon's biblical principles stood out to you? How might you apply this principle?
Review the power of good design : Review The Power of Good Design and select three of the ten principles noted for good design.
What the direct materials usage variance : In 2020, the company had expected to sell 60,000 bottles but actually bottled and sold 70,000 bottles. What the direct materials usage variance
Monthly payment be with the new mortgage : Your amortization table should be set up so that if the assumptions change your table updates appropriately. The assumption cells should be clearly identified (
Useful takeaway for you from workshop reading : What was the most useful takeaway for you from this workshop's reading? What concept from the reading is the most applicable to you now in your profession,
How much would the buyer of the bond : A bond with face value of $250,000 and a 5% coupon matures December 1, 2026. It was sold at a price of 99 on Tuesday October 30th, 2018. Including accrued inter
Legacy structured databases and types of unstructured data : Why has enterprise embraced big data, using legacy structured databases and all types of unstructured data?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find the revenue variance for march would be closest to

Find the revenue variance for March would be closest to. Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day

  Evaluate the change in the cost of energy

The number of equivalent units produced in June and July was 42,500 pounds and 39,500 pounds, respectively. Evaluate the change in the cost

  Which method of accumulating costs most appropriate for use

Each yacht is individually commissioned and no two are alike. Which method of accumulating costs is most appropriate for use by this company?

  Find the cost of goods manufactured for june was

What the cost of goods manufactured for June was/ The actual manufacturing overhead cost incurred was $53,500. The manufacturing overhead cost applied to Work

  What is the maximum amount abc would be willing to pay

What is the maximum amount ABC would be willing to pay for another 500 pounds of metal? How many extra units they will be able to manufacture?

  Compute the bond carrying value as of December

The Cinci Company issues $100,000, 10% bonds at 103 on October 1, 2020. Compute the bond carrying value as of December 31, 2024

  Indicate whether any fundamental principles of ifac code

For each situation, indicate whether any fundamental principles of IFAC Code of Ethics for Professional Accountants has been breached. Give reasons.

  Did retained earnings increase or decrease by how much

Which is greater, total liabilities or total stockholders' equity? Who has a greater claim to Post Rose's assets, creditors of the company

  Prepare the production budget for the year

Prepare the Production Budget for the year 2009 if the End. Inventory of finished goods for 2008 was 2500 units. Prepare the Sales Budget for the year 2009

  Find what should be the budgeted sales in units

Find what should be the budgeted sales in units?The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%.

  What is the ending balance in the Service Revenue? account

The following transactions have been journalized and posted to the proper accounts. What is the ending balance in the Service Revenue account

  What other types of information does management

Management accounting is a planning, controlling, and decision-making tool. Consider the features of management accounting and respond to the following: Do you agree that management accounting provides economic information for all interested parties?..

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