Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 26, 2024

A company has provided the following details: Material purchased 12,000 yards Material used in production 10,000 yards Standard material allowed for 10,800 yards production

A company has provided the following details: Material purchased 12,000 yards Material used in production 10,000 yards Standard material allowed for 10,800 yards production Materials price variance $3,000 F Materials quantity variance $5,000 F What is the standard price per yard? (Wort) a) $5.75/yard b) $6.25/yard c) $6.00/yard d) $6.50/yard

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Control And Audit

Authors: Angel R. Otero

5th Edition

1498752284, 9781498752282

Students also viewed these Accounting questions

Question

★★★★★

The quantity called mass density is the mass per unit volume of a substance. What are the mass densities in SI units of the following objects? a. A 215 cm 3 solid with a mass of 0.0179 kg. b. 95 cm 3...

Answered: 1 week ago

Question

★★★★★

1. As an owner or manager of a business, what questions would you ask to judge the firms performance, control operations, make decisions, and plan for the future? 2. Why is financial information...

Answered: 1 week ago

Question

★★★★★

15.7 German accounting rules for individual companies are ideal for domestic companies with no international connections. Discuss.

Answered: 1 week ago

Question

★★★★★

=+4. Here is the regression for Exercise 3 with an indicator variable: 150 50 100 150 Budget ($M) 100 50 US Gross ($M) Dependent variable is: USGross($M) R-squared = 0.193, Adjusted R-squared: 0.166...

Answered: 1 week ago

Question

★★★★★

You are an audit supervisor assigned to a new client, Go-Go Corporation, which is listed on the New York Stock Exchange. You visited Go-Gos corporate headquarters to become acquainted with key...

Answered: 1 week ago

Question

★★★★★

Journalize the sale of the non-cash assets for $50,000. Journalize the allocation of the gain or loss to the partners' capital accounts. Journalize the payment of the liabilities. Journalize the...

Answered: 1 week ago

Question

★★★★★

A 6 12-in. plate is subjected to four loads as shown. Find the resultant of the four loads and the two points at which the line of action of the resultant intersects the edge of the plate. 50 lb 20...

Answered: 1 week ago

Question

★★★★★

If you were the attorney for the bicyclist's estate, would you feel you could bring a claim for an intentional tort against the cement truck driver? If so, what intentional tort(s) would you pursue?...

Answered: 1 week ago

Question

★★★★★

1. (A) Select the country in which you have spent the majority of your time up to now. Is the type of leadership in that country/culture changing? What is the basis/ evidence for your answer? (B)...

Answered: 1 week ago

Question

★★★★★

The growth of the coal mining industry in the US has been on a downward spiral over the last few years. How does this impact the competitive rivalry within the industry?

Answered: 1 week ago

Question

★★★★★

In two to three paragraphs use the examples in this module (Col Howard, LtCol Gadson, Flight 93, Heather Penney) to answer the following questions: 1. Does your sense of duty cr-eate your values or...

Answered: 1 week ago

Question

★★★★★

A disadvantage of small Latin squares designs is that they provide relatively small degrees of freedom, so , if tends to be desirable to replicate them to increase the error degrees of freedom?

Answered: 1 week ago

Question

★★★★★

3 . ) What is the time of completion, and why must it be clearly stated in the contract agreement provisions?

Answered: 1 week ago

Question

★★★★★

Julia brings home $1,600 per month after taxes. Julia's rent is $344 per month, her utilities are $106 per month, and her car payment is $280 per month. Julia is currently paying $205 per month to...

Answered: 1 week ago

Question

★★★★★

Separate variables and use partial fractions to solve the initial value problems in Problems 18. Use either the exact solution or a computer-generated slope field to sketch the graphs of several...

Answered: 1 week ago

Question

★★★★★

1. What criteria does a state or local government apply to determine whether to capitalize a lease?

Answered: 1 week ago

Question

★★★★★

2. On January 1, 2008, a city signs a capital lease for new equipment for the police department. How does it report this transaction on the government-wide financial statements? On the fund-based...

Answered: 1 week ago

Question

★★★★★

3. On December 31, 2008, the city in question 2 makes its first annual lease payment. How does it report the payment on the government-wide financial statements? On the fund-based financial...

Answered: 1 week ago

Previous Question Next Question