User Account

All Pages

What was direct materials quantity variance for last month

Assignment Help Accounting Basics
Reference no: EM132753494

Question: The per-unit standards for direct materials are 2 gallons at $4.00 per gallon. Last month, 12,500 gallons of direct materials that actually cost $46,250 were used to produce 7,800 units of product. The direct materials quantity variance for last month was?

Reference no: EM132753494

Questions Cloud

What is the maximum debt ratio the firm : A new firm is developing its business plan. It will require $565,000 of assets, and it projects $452,800 of sales and $354,300 of operating costs for the first
Create journal entry to record the transaction on january : 5% bonds at 105. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2019, is
Explain tato to the industry average : By how much must the assets be reduced to bring the TATO to the industry average, holding sales constant?
Find and determine for march equivalent units of production : This is its only production department.Bowie uses the weighted average method. determine for March 2019 the equivalent units of production for conversion costs.
What was direct materials quantity variance for last month : The per-unit standards for direct materials are 2 gallons at $4.00 per gallon. Last month, 12,500 gallons of direct materials that actually cost $46,250.
Determine total assets turnover ratio : Arshadi Corp.'s sales last year were $52,000, and the cost of goods sold were $40,000. and its total assets were $22,000 and total liabilities were $11,000.
What is the entry eilish needs to make on december : Eilish uses a calendar year, and on December 31, the market value of Del Ray stock is $12 per share. What is the entry Eilish needs to make on December 31?
Predict the major potential legal issues : Predict the major potential legal issues that you may encounter when establishing equal employment opportunities and diversity within the workplace
Prepare the journal entry to record the redemption : Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the carrying value of the notes receivable

What is the carrying value of the notes receivable for Cumulus Corporation on December 31, 2019 after recording the interest payment

  Compute submarine eps for the year

Preferred stock, 2%, $30 par, 1,000 shares issued and outstanding - $30,000. Compute Submarine's EPS for the year

  What would be the impairment loss recorded

Botany Ltd uses the straight-line method of depreciation for this machinery. What would be the impairment loss recorded at 30 June 2017

  A company has the opportunity to sell 1000 extra units of

a company has the opportunity to sell 1000 extra units of product to a new customer outside the us. the price at which

  Charge of general ledger accounting

You are the assistance controller in charge of general ledger accounting at Riverside Bottling Company. Your company has a large loan from an insurance company. The loan agreement requires that the company's cash account balance be maintained at $..

  What tax issues should michael and his son consider

Michael Jr., contributes $10,000 cash for the remaining 25 Miller shares. What tax issues should Michael and his son consider with respect to stock acquisition

  Calculate the overall overstatement of net income

Calculate the overall overstatement or understatement of net income if the above adjusting entries were not made. Please share your work.

  Prepare a book to tax reconciliation

Advance Tax Topics - Comprehensive Problem: Book to Tax Reconciliation. Your job is to prepare a book to tax reconciliation

  What amount of bad debt expense would the company record

Assume that Simple Co. had credit sales of $ 250,000 and cost of goods sold of $ 150,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $ 3,000. Before the end-..

  Question - Process costing - journalising transactions

Question - Process costing - journalising transactions - Calculate ending work in process and finished goods balances each process

  Determine the cost of head lamps

Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2011

  What you found interesting regarding financial statements

Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding financial statements, and why.

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