What would have been the spending variance for dye costs

Assignment Help Managerial Accounting
Reference no: EM13501872

Powell Inc. measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of activity was 14,100 skeins and the actual level of activity was 13,700 skeins. The company's owner budgets for dye costs, a variable cost, at $0.40 per skein. The actual dye cost last month was $4,510. In the company's flexible budget performance report for last month, what would have been the spending variance for dye costs?

(for questions 4-7) Doggy Day Care uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,380 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:

Data used in budgeting:

821_Data used in budgeting.png

Actual results for May:

2223_Data used in budgeting1.png


Attachment:- Summer.docx

Reference no: EM13501872

Questions Cloud

Explain solution of barium nitrate ba(no3)2 : Describe a procedure for making 100 mL of a 0.10 M solution of barium nitrate, Ba(NO3)2.
By how many cubic meters is the volume reduced : An ideal monotonic gas is compressed at a constant pressure of 0.9 atm from 14 L to 3.5 L. By how many cubic meters is the volume reduced
What velocity does the other glider have : Two identical gliders on an air track are held together by a piece of string, compressing a spring between the gliders. What velocity does the other glider have
Find how many grams of ice melt each second : A copper rod of cross-sectional area 11.2 cm2 has one end immersed in boiling water and the other in an ice-water mixture, which is thermally well insulated except for its contact with the copper. How many grams of ice melt each second
What would have been the spending variance for dye costs : In the company's flexible budget performance report for last month, what would have been the spending variance for dye costs?
How far away is the nearby galaxy : A Cepheid variable in a nearby galaxy looks 106 times fainter than an identical Cepheid in the Milky Way. How far away is the nearby galaxy
Find the separation of two small objects on earth surface : A spy satellite circles the Earth at an altitude of 160 km and carries out surveillance with a special high-resolution telescopic camera having a lens diameter of 35 cm
Compute operating leverage : Latest financial statement to compute operating leverage, ROI, EVA and another performance measure of choice for your company.
Compute the magnifying power of the telescope : An elderly sailor is shipwrecked on a desert island, but manages to save his eyeglasses. What is the magnifying power of the telescope he can construct with these lenses

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Record the transactions on the books

Prepare a Statement of Changes in Net Assets for the Employees Retirement Fund for the Year Ended June 30, 2012 and prepare a Statement of Net Assets for the Employees' Retirement Fund as of June 30, 2012.

  Flow assurance technical report

Flow Assurance Technical Report - Scale Risk Assessment

  Question 1 explain whether the following transactions are

question 1 explain whether the following transactions are counted in the gdp. if so denote whether the expenditure

  Stan sewell paid 50000 for a franchise that entitled him to

stan sewell paid 50000 for a franchise that entitled him to market software programs in the countries of the european

  Concerns with segment reporting

Do you think that companies are worried about disclosing too much information if it comes to segment reporting? What's wrong with the reporting too much information? What do you think their main concerns include?

  Qcrsl is continuing to re-evaluate all aspects of the

q.crsl is continuing to re-evaluate all aspects of the business and would like you to look into staffing costs. below

  Alternative methods-joint-cost allocation

Sunshine Oil Company buys crude vegetable oil. Processing this oil results in four products at the split off points: A, B, C, and D. Product C is fully processed at the split off point.

  Predict the following items for mateo company

Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity.Note: you need to calculate a total cost.

  Determining the defense budget

Recognize tools for changing the budget and describe the process. Do you think this process is proper, or do you think it lets changes to be made without proper oversight?

  Information about relevant cost analysis

What are the two potential problems in relevant-cost analysis? Give an example of an irrelevant cost. What makes the example irrelevant.

  Three planned promotion displays

Home Auto has not yet purchased any of the promotion items for next week. Should management substitute the Armadillo car wax for one of the three planned promotion displays? If so, which one?

  Important information on managerial accounting

The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that uncollectible accounts will be $15,000.

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