What the materials price variance for january

Assignment Help Accounting Basics
Reference no: EM133070610

Question - Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. What the materials price variance for January?

Reference no: EM133070610

Questions Cloud

What environmental laws : What environmental laws will apply to the new plant construction? What steps should you take to maintain good community relations?
How much would you have using simple interest : Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years. How much would you have using simple interest
Telecommunications company with global operations : Hello-Hello is a U.S. telecommunications company with global operations.
Essay on medicine practices are safe : Essay on whether Complementary and Alternative Medicine practices are safe. Include an introduction and a one page background information
What the materials price variance for january : The direct materials purchases variance is computed when the materials are purchased. What the materials price variance for January
Case for photography law suit : Find a law suit that is currently ongoing or has been filed and completed in the past. Your opinion on the outcome or potential outcome.
Essay on complementary and alternative medicine practices : Essay on whether Complementary and Alternative Medicine practices are safe. Include an introduction and a one page background information
Calculate arithmetic mean for annual returns : Over the past five years, your investment provided the following percentage returns: Calculate arithmetic mean for annual returns
Identify the governmental services : Can you identify the governmental services that have been provided to you since you got up this morning?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cases relate to the valuation of assets

Cases relate to the valuation of assets

  Mark and lisa are approaching an exciting time in their

mark and lisa are approaching an exciting time in their lives as their oldest son austin graduates from high school

  Soap company issued 200000 of 8 5-year bonds on january 1

soap company issued 200000 of 8 5-year bonds on january 1 20x6. the discount on issuance was 12000. bond interest is

  Briefly discuss the operating performance

Briefly discuss the operating performance and financial positions of Sepracor Industry averages for these ratios in 2007 were ROA 3.5%; Return on Equity 16%; and Debt to Assets 75%. Based on this analysis, would you make an investment in the compa..

  How much wheat would the government have to buy

With this drop in export demand, how much wheat would the government have to buy? How much would this cost the government

  Is there any value in waiting to execute the project

Suppose a project requires a $10 million initial outlay to produce a guaranteed future cash flow of $12 million one year from today.

  Why is the knowledge of documents and records and their

why is the knowledge of documents and records and their realtionship to financial statements essentail for the study of

  What is the meaning of market in the lower of cost

What is the meaning of market in the lower-of-cost-or-market rule?

  Calculate ken itemized deduction for interest on schedule

In addition, during the year they drove 109 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. Calculate the Murphy's medical expense deduction.

  Printing costs and legal fees-issuance of bonds

The printing costs and legal fees associated with the issuance of bonds should:

  Compute the return on investment

You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. Compute return on investment for each Fast & Great Burgers

  What is the effective annual return

PT Cirata bonds bear a coupon of 8%, which is paid every semester. The bonds have a face value of Rp1,000,000 and have a term of six years.

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