What was the indirect material cost variance for october

Assignment Help Cost Accounting
Reference no: EM132958773

Question - The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,600 units of product during October, incurring indirect material costs of $13,200. Valenti's master budget reflected indirect material costs of $201,600 at a production volume of 144,000 units. What was the indirect material cost variance for October?

A) $1,400 favorable

B) $1,400 unfavorable

C) $3,600 favorable

D) $1,640 favorable

Reference no: EM132958773

Questions Cloud

Calculate the contribution margin per unit : However, only 50,000 labor hours are available each year, Calculate the contribution margin per unit of constrained resource for each model
Prepare the december year-end income statement : Loss from operating wholesale business segment, net of tax 462,000. Prepare the December 31 year-end income statement
What is the annual ordering cost of cheese inventory : The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory
How sensitive the project is to revenues : Conduct a sensitivity analysis showing how sensitive the project is to revenues, the resale value of the land and to the required rate of return
What was the indirect material cost variance for october : Valenti's master budget reflected indirect material costs of $201,600 at a production volume of 144,000 units. What was the indirect material cost variance
What is the value of the? bond : However, interest is paid semiannually. If your required rate of return is 11 ?percent, what is the value of the? bond
What will be the amount of the balloon payment : Question - Best Technologies would like to purchase a machine at a cost of $400,000. What will be the amount of the balloon payment
What amount should be shown in carson balance sheet : What amount should be shown in Carson's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine
Prepare the necessary ledger accounts in the books : Depreciation is to be charged at 10% p.a. on straight line method. Prepare the necessary ledger accounts in the books of Mr Ashish

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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