What was the standard quantity allowed for materials

Assignment Help Cost Accounting
Reference no: EM132803276

Question - Ramie has a standard price of P5.50 per pound for materials. July's results showed an unfavorable material price variance of P44 and a favorable quantity variance of P209. If 1,066 pounds were used in production, what was the standard quantity allowed for materials?

Reference no: EM132803276

Questions Cloud

What is the risk of buying artwork : What is the risk of buying that artwork? Get creative in the type of asset you identify to evaluate.
Case-evaluating risk and return : 1. Explain how different statistical measures of individual risk help managers and business owners make better decisions. For your answer, consider the followin
What is Rita Company interest expense : Rita also paid P80,000 in lease bonus. The implicit lease rate known to both parties is at 10%. What is Rita Company's interest expense for 2019
Dividend and dividend policy : Does national culture affect corporate payout policy? Explain using examples from your readings or from current events."
What was the standard quantity allowed for materials : Ramie has a standard price of P5.50 per pound for materials. If 1,066 pounds were used in production, what was the standard quantity allowed for materials
Determining the annual payment : You need to accumulate $86,614 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 8 years.
What is the cost of retained earnings : What is the cost of retained earnings using the CAPM model? The DCF model? The Bond yield plus risk premium? What is the average cost of retained earnings?
How much was flow net cash flow from financing activities : Acquisition of land costing $54,500 in exchange for preferred stock issuance. How much was Flow's net cash flow from financing activities
Why is an accurate sales forecast critical to profitability : 1. Can the capital be raised internally, or will new external funds be needed?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Determine the amount of payroll department costs chargeable

Jude Falls Corp. has three producing departments, A, B, and C, The amount of Payroll Department costs chargeable to Department C is P

  Analyze the break-even point in units for carry-on suitcases

Analyze the break-even point in units for carry-on suitcases and deluxe suitcases. Analyze the package contribution margin for the suitcases.

  Determine the variable costs per haircut

Determine the variable costs per haircut and the total monthly fixed costs and compute the break-even point in units and dollars - Determine net income

  How much inventory do you need to purchase for November

The ending inventory balance each month should be 20% of the next month's cost of goods sold. How much inventory do you need to purchase for November

  Outcome evaluation and cost evaluation comparisons

Explain the following four levels of outcome evaluation. Provide one example of how every evaluation is performed, and one factor that influences the outcome at each level.

  The city of shipley maintains an employee retirement fund a

the city of shipley maintains an employee retirement fund a single-employer defined benefit plan that provides annuity

  Compute the loan application fee the company must charge

Assuming the original information and the processing of 500 applications, compute the loan application fee the company must charge if the targeted profit is $41,651.

  Describe which costs should be included in product cost

Describe which costs should be included in product costof your selected manufacturing company and wt what level of detail should the company track direct product costs?

  Make master-budget-based variance analysis of the april

Eagle Power is a market leader in making batteries. Make master-budget-based variance analysis of the April performance for the company.

  Calculate the monthly avoidable costs

If Donald's Engine Company accepts the offer from the outside supplier, calculate the monthly avoidable costs (costs that will no longer be incurred) total

  Find how the company might change accounting system

Find how the company might change its accounting system to better reflect the reporting? problems? Are there other problems with the purchasing? area?

  Define sunk cost and opportunity cost

You need to develop one numerical question and then find variable cost, fixed cost and total cost by using equation (Y=a + bx) with high low method

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