Solution-What was the actual cost of the materials for the

What was the actual cost of the materials for the period

Reference no: EM132465165

A company uses a standard costing system and the standard materials cost per unit of their product is £20. The actual level of production of this product for a period was 3,200 units.

The company recorded the following variances during the period:

Material price variance: £500 favourable

Material usage variance: £1,500 favourable

Question 1: What was the actual cost of the materials for the period?

Question 2: Calculate your answer to the nearest whole £ and enter it in the blank space provided.

Answer the question by providing the appropriate number in the box below (e.g., 123456). Do not enter a dot, commas, spaces, letters, words or symbols (such as £). Failure to follow these instructions will result in the answer being marked as incorrect.

Reference no: EM132465165

Questions Cloud

Explain how bizcon could have positive net income : Discuss to management how BizCon could have positive net income and yet run out of cash.how at the end of the year, BizCon reported a favorable net income

Compute the linear correlation coefficient : Compute the linear correlation coefficient. The linear correlation coefficient for the four pieces of data is _______.

Prepare entries reflects adjustment required as of december : On August 1, Year 1, Bellisa Company issued a $30,000 5%, 1-year note to Citizens Bank. Which of the following entries reflects the adjustment required

Draw a scatter diagram of the data : Draw a scatter diagram of the data. Compute the linear correlation coefficient. The linear correlation coefficient for the four pieces of data is

What was the actual cost of the materials for the period : What was the actual cost of the materials for the period?Calculate your answer to the nearest whole £ and enter it in the blank space provided.

Autism spectrum disorder : In 2008, there were 507 children in Arizona out of 32601 who were diagnosed with Autism spectrum disorder (ASD) ("AUTISM AND DEVELOPMENT,'2008).

What was variable overhead expenditure variance for period : What was the variable overhead expenditure variance for the period?Indicate an adverse variance (if appropriate) by placing a minus sign

Determine the four star accrues income taxes : Determine the Four Star accrues income taxes using an estimated tax rate equal to 30% of the income for the month.Use of Account Balances as a Basis

Compute the probability that either b occurs without a : Compute the probability that either B occurs without A occurring or A and B both occur.

User Account

All Pages

What was the actual cost of the materials for the period

Reference no: EM132465165

Reference no: EM132465165

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Evaluate a budgeting system at any governmental level

Certified management accountant certification

Finch corporation organized in 2009 had profits in 2009

What is the budgeted overhead rate for the company

What are the five principal financing sources

Three retailers positioning statements

Analyze each company income statement

Calculate the following performance measures

Prepare entries for kirk to record payment for the office

Prepare the appropriate schedules to reflect taxable income

Develop an income statement

Implement team building approach

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT