10 kilograms of material Y at Rs 10 per kilogram = Rs 100 per unit of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
10 kilograms of material Y at Rs 10 per kilogram = Rs 100 per unit of X During period 4, 1000 units of X were manufactured ,using 11700 kilograms of material Y which cost Rs 98600 calculate the material cost variances 10 kilograms of material Y at Rs 10 per kilogram = Rs 100 per unit of X During period 4, 1000 units of X were manufactured ,using 11700 kilograms of material Y which cost Rs 98600 calculate the material cost variances
Expert Answer:
Answer rating: 100% (QA)
To calculate the material cost variances we need to compute the following components Actual Material Cost The actual cost of the material used during ... View the full answer
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Posted Date:
Students also viewed these accounting questions
-
In February 2015, Majdy I. was appointed as a Chief Executive Manager of the Manufacturing Company by Mamoun N., President. Majdy had wide executive experience in the manufacturing sector with high...
-
Case Study Wise Works Ltd. is in the business of handloom for the last 15 years and enjoys a good market share and reputation. Along with manufacturing and trading of bed sheets & curtains, it...
-
Product X has a standard direct material cost as follows. 10 kg of material Y at $5 per kg, that is, $50 material Y per unit of X. During the current period, 1,000 units of X were manufactured, using...
-
Use c program to solve this. Problem B [10 marks] Write a program to calculate age (birth date and current date will be entered by user). Make a structure named Date to store the elements day, month...
-
Assume that you just inherited ten Westcoast Energy Inc. bonds, and each bond is convertible to 64.5 shares of the corporation's common stock. a. What type of information would you want to help you...
-
A company is contemplating a long-term bond issue. It is debating whether to include a call provision. What are the benefits to the company from including a call provision? What are the costs? How do...
-
summarize how the primacy and recency effects can influence decision making; and
-
Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trips with his friends, but he believes that any small business should be started...
-
For the function f(x) = - 5x , make a table of slopes of secant lines and make a conjecture about the slope of the tangent line at x = 3. Complete the table. (Do not round until the final answer....
-
Download the nasdaq-by-year-historical-annual-returns dataset in Excel from Connect or Additional Student Resources.8 Note the annual stock market returns to investment in the NASDAQ stock market...
-
The following trial balance of Reese Corp. at December 31, 2010 has been properly adjusted except for the income tax expense adjustment. Reese Corp. Trial Balance December 31, 2010 Cr. Dr. $ 775,000...
-
What would be your response to my feedback? The Big Mac index helps support the position that in the long run exchange rate prices should match the price of the same basket of goods in a different...
-
Bill and Sue both make shirts and shoes. Bill can make 2 shirts in an hour and Sue can make 6 shirts in an hour. Bill can make 3 pairs of shoes in an hour and Sue can make 4 pairs of shoes in an...
-
If governments were to increase spending, determine the effect on RGDP,price levels,and AD. By increasing spending, do you believe that government is trying to slow down or speed up the economy? Why?...
-
1. Based on your working experience, share how it gives you a glimpse of workforce planning in the process. 2. How do you see workforce planning as part of what you would do in your HR profession?
-
Explains why bonds are the asset used by central banks to perform monetary policy, particularly to increase/decrease the interest rate in the economy
-
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash Accounts receivable Inventory Prepaid expenses...
-
Find the inverse, if it exists, for the matrix. -1
-
Blusteel Ltd manufactures Blu-ray players and uses an activity-based product costing system that assigns labour and overhead costs. Below is an incomplete bill of activities for the high-volume...
-
Refer to the data given in Problem 15.35 for Pally Communications Company prior to the JIT purchasing agreement. The lead time required to receive an order of XL-20 is one month. Required: 1....
-
The following cost data for the current year relate to Heartstrings Pty Ltd, a greetings card manufacturers Required: Calculate each of the following costs for the year: 1. Total prime costs. 2....
-
Is it ethical to choose aggressive accounting practices to advance a companys business? During the 1990s, America Online (AOL), the largest Internet service provider in the United States, was one of...
-
Refer to the annual report of CVS Corporation and to the financial statements of Southwest Airlines Co. in the Supplement to Chapter 1 to answer the following questions: 1. Prepare a table that shows...
-
Public corporations are required not only to communicate with their stockholders by means of an annual report but also to submit an annual report to the Securities and Exchange Commission (SEC). The...
Study smarter with the SolutionInn App