In each of the following formulas, supply the words that should be inserted for each number in
Question:
(a) (Actual quantity × (1)) − (Standard quantity × (2)) =
Total materials variance
(b) ((3) × Actual price) − (Actual quantity × (4)) =
Materials price variance
(c) (Actual quantity × (5)) − ((6) × Standard price) =
Materials quantity variance
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
a 1 actual price 2 stand...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
135+ Reviews
428+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
In each of the following balanced oxidation-reduction equations, identify those elements that undergo changes in oxidation number and indicate the magnitude of the change in each case. (a) I2O5(s) +...
-
In each of the following pairs, determine whether the two represent resonance forms of a single species or depict different substances. If two structures are not resonance forms, explain why. All the...
-
In each of the following indicate which reaction will occur faster. Explain your reasoning. (a) CH3CH2CH2CH2Br or CH3CH2CH2CH2I with sodium cyanide in dimethyl sulfoxide (b) 1-Chloro-2-methylbutane...
-
A sealed flask contains water and oxygen gas at 25C. The O 2 gas has a partial pressure of 1.5 atm. (a) What is the concentration of O 2 in the water? (b) If the pressure of O 2 in the flask is...
-
Portions of the salaries expense account of a business follow: a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made. b. Journalize...
-
A researcher wishes to see if there is a difference between the mean number of hours per week that a family with no children participates in recreational activities and a family with children...
-
What are the symptoms of groupthink and how can team leaders prevent it from happening?
-
Franken Company, a ski tuning and repair shop opened on November I, 2016. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the...
-
Sam, married filing separately without dependents, has $ 3 2 5 , 0 0 0 salary and $ 7 5 , 0 0 0 qualified dividends. Her taxable income is $ 3 8 0 , 0 0 0 . Compute Sam's total tax liability for the...
-
Based on the two tables and the attributes below, write SQL commands for each question to retrieve the data from the database. tblSales InvoiceNumber InvoiceDate CustomerNumber Sales OrderNumber...
-
What is the difference between a favorable cost variance and an unfavorable cost variance?
-
In the direct labor variance matrix, there are three factors: (1) Actual hours Actual rate, (2) Actual hours Standard rate, and (3) Standard hours Standard rate. Using the numbers, indicate the...
-
Calculate the constant acceleration a in gs which the catapult of an aircraft carrier must provide to produce a launch velocity of 180 mi/hr in a distance of 300 ft. Assume that the carrier is at...
-
NPV= -29,000 + 14,400 /(1+r) + 12,300/(1+r) 2 + 9,200/(1+r) 3 + 5,100/(1+r) 4 . What is the value of r?
-
Thailand's Central Retail Corporation recently announced US$790m expansion of its existing operation network in Vietnam. Suppose that the Thai MNC is now considering different financing options....
-
Describe the three key employee attitudes and how they impact employee behaviour. Which one would you suggest has the greatest impact, and why. Provide examples.
-
Current Earning is $100 per year and the Index is 2,500 and 10 year yield is 5% per year. (A)Analyze whether it is How much Over-priced or Under-priced or Fairly-priced and (B)Calculate the Fair...
-
Discuss approaches a local district and the state are using for risk management procedures. Is there evidence that employing a risk manager is a fiscally sound move?
-
Calculate the total cost for purchasing 100 shares of each of the following funds. Remember to include both sales commission and any transaction costs. a. A load mutual fund that sells for an NAV of...
-
For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
-
The diode of Example 2.4 operates within the range of 20 mA Data from Example 2.4 The current and voltage characteristic of a semiconductor diode in the forward direction is measured and recorded in...
-
A skeleton of Vintage Mills' balance sheet appears as follows (amounts in thousands): Requirement 1. Use the following ratio data to complete Vintage Mills' balance sheet. a. Current ratio is 0.80....
-
Data for Beverage Enterprises follows: Requirement 1. Compute the dollar amount of change and the percentage of change in Beverage Enterprises' working capital each year during 2011 and 2012. What do...
-
Data for Mariner Designs, Inc., follow: Requirements 1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place. 2....
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Why college are important?
Study smarter with the SolutionInn App