In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per
Question:
In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds at $1.00 per pound. The direct materials quantity variance is:
(a) $330 unfavorable.
(b) $300 unfavorable.
(c) $600 unfavorable.
(d) $630 unfavorable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
Birch Corp., a calendar-year corporation, was formed three years ago by its sole shareholder, James, who has operated it as an S corporation since its inception. Last year, James made a direct loan...
-
1. The per-unit standards for direct materials arc 2 pounds at $4 per pound. Last month, 11,200 pounds of direct materials that actually cost $42,400 were used to produce 6,000 units of product. The...
-
US company Mary?s Fine Fashions manufactures and sell various types of women?s clothing. At the end of 2008, Mary had estimated for the production and sale of 25 000 short-sleeve shirts. Each shirt...
-
Determine whether or not it is possible to cold work brass so as to give a minimum Brinell hardness of 120 and at the same time have a ductility of at least 20%EL. Justify your decision.
-
A corporation has 2,000 shares of 10 percent, $50 par-value preferred stock and 20,000 shares of $5 par-value common stock outstanding. If the board of the directors decides to distribute dividends...
-
BoehmCompressorsusesaleanproductionassemblylinetomakeitscompressors.Inone assemblyarea,thedemandis100parts...
-
Writing Is there a relationship between independence and mutual exclusivity? To decide, find examples of the following, if possible. (a) Describe two events that are dependent and mutually exclusive....
-
For which of Bartons purchases (the surround-sound system, the kayak, the 4-Runner, and the six iMacs) would the creditor need to file a financing statement to perfect its security interest? Paul...
-
Dividends on the Statement of Cash Flows The following selected account balances are available from the records of Lewistown Company: December 31 2017 2016 Dividends payable $ 30,000 $ 20,000...
-
In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on these data, the direct labor: (a) quantity variance...
-
Each of the following formulas is correct except: (a) Labor price variance = (Actual hours x Actual rate) - (Actual hours x Standard rate). (b) Total overhead variance = Actual overhead - Overhead...
-
Here are two sentences in the language of first-order logic: a. Assume that the variables range over all the natural numbers 0, 1, 2, . . , and that > predicate means is greater than or equal to....
-
Compared to other majornations, the United States spends________ on health care and achieves________ efficiency. A. more; about the same B. about thesame; less C. more; less D. less; less E. less;...
-
Studying other cultures through a humanistic lens allows people to understand how different cultures came about and how and why people behave differently from one place to another (Lombrozo, 2015)....
-
4. Assume that G and T are exogenous, and C is determined by the standard. consumption function, but that investment is now endogenous and responds to income: I = b + bY. Assume c + b < 1. (a)...
-
4. You have decided it's time to buy a house, and you have found the one you want. The price is $500,000, and you will pay 10% in cash and will take a mortgage on the balance. The annual interest...
-
Differentiate. G(x) = (2x+3) (9x+ (x) G'(x)=
-
Construct a dot plot of the total return percentages for the 30 fastest-growing companies and describe the distribution of return percentages.
-
Identify the tax issues or problems suggested by the following situations. State each issue as a question. Jennifer did not file a tax return for 2007 because she honestly believed that no tax was...
-
Presented below are Dieker Company's monthly manufacturing cost data related to its personal computer products. (a) Utilities for manufacturing equipment ......$116,000 (b) Raw material (CPU, chips,...
-
Richard Larkin has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....
-
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory? 1. Salaries for assembly line inspectors. 2. Insurance on factory...
-
Construction of consumer price index number for the given goods and services. Item Weight in % Base period price Current period price Food 35 150 145 Fuel 10 25 23 Cloth 20 75 65 Rent 15 30 30 Misc....
-
Gammaro Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Gammaro Corporation has experienced the following...
-
Swifty Company estimates that 2022 sales will be $43,200 in quarter 1,$51,840 in quarter 2 , and $62,640 in quarter 3 , Cost of goods sold is 50% of sales. Management desires to have ending...
Study smarter with the SolutionInn App