A company reports the following for one of its products. Direct materials standard (4 pounds @...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A company reports the following for one of its products. Direct materials standard (4 pounds @ $3 per pound) Actual units produced Actual cost of direct materials used $ 12 per unit 90,000 units $ 1,100,000 Compute the total direct materials variance and Identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) A company reports the following for one of its products. Direct materials standard (4 pounds @ $3 per pound) Actual units produced Actual cost of direct materials used $ 12 per unit 90,000 units $ 1,100,000 Compute the total direct materials variance and Identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)
Expert Answer:
Answer rating: 100% (QA)
To compute the total direct materials variance and determine whether it is favorabl... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A hospital suspects that the number of patient readmitted in 30 days is related to the number of patients (weighted by their severity) treated at the hospital. A tool most useful in this analysis...
-
I want explaination on primary and secondary research of maple leaf company . its a meat company that we chose
-
Problem 3.5 Minimize the functional 1 [J(x()) = {[* (s)]+ [x (s)]+2ex (s)}ds, [J(x(-)) = [ {[i (s) 0 subject to the endpoint conditions x (0) = 0 and x (1) = e/2.
-
The use of prenumbered checks in disbursing cash is an application of the principle of: (a) establishment of responsibility. (b) segregation of duties. (c) physical controls. (d) documentation...
-
Use the following information to expedite the project by two weeks. Project times are in weeks. Activity Normal Task Crash Time Weekly Crash Crical Task Costs 200 300 100 400 250 Time Yes 14 12 10 12...
-
Andrew just purchased a new boat for $15,000 to use on the river near his home. He has received delivery of the boat, and agreed to the terms of the following loan: all principal and interest is due...
-
Explain why it would be virtually impossible to set an exchange rate between the Japanese yen and the U.S. dollar and to maintain a fixed exchange rate.
-
(a) Some comparable mutual fund performance data on stock funds are shown in Table 15-3. Using only that information and assuming that you are recommending some funds for the Johnsons retirement...
-
In OO, mAB=60 and CA BD. What is mCD? MCD B
-
How is the retained earnings calculated on the balance sheet
-
1. What are the network address, broadcast address and the subnet mask of the network includes a host with the IP Address below? IP Address: 181.82.91.152 /24 Network Address: _______________...
-
How many cases is the Supreme Court set to hear? Which provinces are involved in the case? From the article: https://www.cbc.ca/news/politics/supreme-court-carbon-tax-1.573255
-
3.) A 10-year bond, with a par value equaling $1,000, pays 7% annually. If similar bonds are currently yielding 6% annually, what is the market value of the bond? Use semi-annual analysis b. An issue...
-
Provide an example where an healthare organization has demonstrated bonded willpower awareness. Explain the consequence of this instance where you demonstrated this form of bounded awareness....
-
Sunn Company manufactures a single product that sells for $180 per unit and whose variable costs are $135 per unit. The company's annual fixed costs are $562,500. Management targets an annual income...
-
1. A jeepney driver, Rod, entered into an agreement with Francisca that he will give her a ride from Baguio to Manila and that any accident that may occur will not make Rod liable. Is the contract...
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
"Only normal daily entries are made to manufacturing overhead." Do you agree? Explain.
-
What is meant by the index of conservatism? How is it calculated in principle? How can it be used to assess the impact of specific accounting principles? i
-
Phil Rammers is confused about the source documents used in assigning materials and labor costs. Identify the documents and give the entry for each document.
Study smarter with the SolutionInn App