What the materials quantity variance for April

Assignment Help Managerial Accounting
Reference no: EM133065094

Question - Turrubiates Corporation makes a product that uses a material with the following standards:

Standard quantity 7.0 liters per unit

Standard price $1.50 per liter

Standard cost $10.50 per unit

The company budgeted for production of 2,800 units in April, but actual production was 2,900 units. The company used 21,200 liters of direct material to produce this output. The company purchased 19,100 liters of the direct material at $1.6 per liter.

The direct materials purchases variance is computed when the materials are purchased.

Required - What the materials quantity variance for April?

Reference no: EM133065094

Questions Cloud

Determine the equilibrium price and quantity : Suppose the market demand and supply functions are QDS = 35,500 - 260P and Q = 80P + 10,680. You have just graduated and moved to this city; as a new MBA and an
Discuss the effect of fiscal policy on inflation : Discuss the effect of fiscal policy on interest rates and investment. Explain crowding out effect.
Essay capstone market structure : Essay Capstone Market Structure (make-up industry) compare and contrast your industry to each of the three characteristics of the market structure you chose and
Estimate the firm short-run production function : 1. You collect the following production data for your firm:
What the materials quantity variance for April : The company budgeted for production of 2,800 units in April, but actual production was 2,900 units. What the materials quantity variance for April
What is the average inventory for the season : What factors must a financial manager consider when making decisions about accounts receivable - Calculate the company's days sales outstanding
What was the total cost of the October : During October, the Mixing Department transferred out 40,000 units. What was the total cost of the October 31 work-in-process inventory
What is the after-tax cost of preference shares : What is the after-tax cost of preference shares for Fjord Luxury Liners and what is the company's weighted average cost of capital
Automotive artificial intelligence : How many competitors are there in the industry? What barriers are there to entering the market? Which companies provide the raw materials for your product?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What the company gross margin for the period was

What The company gross margin for the period was? Jack Manufacturing uses a job-order costing system, and overhead is applied

  Evaluate the benefits of management accounting systems

Give the essential requirements of different types of management accounting systems. Demonstrate an understanding of management accounting systems

  Find which is the cost driver for accounts payable

Aslowas Ltd is a large merchandiser that employs numerous. Which is the most likely cost driver for the accounts payable activity cost pool?

  Calculate the net present value of investment opportunity

The expected life and salvage value of each are four years and $20,200, respectively. Calculate the net present value of investment opportunity

  Prepare and complete a worksheet

Prepare and complete a worksheet based on The amounts of depreciation for machinery and office equipment are estimated to be Br 560and Br 1,900 respectively

  Is apple conisders a manufacturing company

Is Apple conisders a manufacturing company? would be an interesting one, as of when a company is considered manufacturing and when not.

  What is the debt ratio for vigo vacations

Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $29 million in long-term debt. What is the debt ratio?

  Describe the fall of the communist bloc in eastern europe

Describe the fall of the communist bloc in Eastern Europe and especially in the Soviet Union. What developments of the 1980s contributed to this fall and how?

  Set up a skeletal profit or loss statement

Set up a skeletal profit/loss statement showing all of the figures in dollars and percentages if: Net profit = $5,500 Net profit = 2.5% Operating expenses

  Which estimate of bad debts can be based on a percentage

Which estimate of bad debts can be based on either a percentage of net sales or? Percentage of next months anticipated sales.

  What is last year turnover

What is the turnover related to this year's investment opportunity? What is last year's turnover? (Round your answer to 1 decimal place.)

  Calculate the total number of fte needed

Calculate the total number of FTE's needed; calculate the total number of RN's, LPN,s CNA's, and Secretaries needed to staff the unit.

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