Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 08, 2024

Calculate the direct materials quantity variance if actual quantity used is 8 , 8 0 0 pounds and the standard quantity is 8 , 6

Calculate the direct materials quantity variance if actual quantity used is

8, 800

pounds and the standard quantity is

8, 600

pounds. The standard price is $

6

per pound.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the direct materials quantity variance we use the ... blur-text-image

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

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

2nd edition

1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445

More Books

Students also viewed these Accounting questions

Question

★★★★★

Determine the product(s) formed in the following reactions. Determine the product(s) formed in the following reactions. . B. H3C - CH3 Hill.... OH H3C CH3 "H [1] C= [2] H2O OH CH3 OH CH3 CH3 [1]...

Answered: 1 week ago

Question

★★★★★

Tricorn Engineering performs cement core tests in its Dallas laboratory. The following standard costs for the tests have been developed by the company's controller, Andrew Nichols, based on...

Answered: 1 week ago

Question

★★★★★

When do you use your mental shortcut (system 1) to make purchase decisions?When do you use deliberate and rational thinking (system 2) to make purchase decisions? What are the pros and cons of...

Answered: 1 week ago

Question

★★★★★

Since the early 2000s, there has been a significant increase in the price of corn-based ethanol. a. A key input in the production of corn-based ethanol is corn. Use an appropriate diagram to explain...

Answered: 1 week ago

Question

★★★★★

Who was Joseph Penso de la Vega?

Answered: 1 week ago

Question

★★★★★

On January 1, 2011, Artic Company acquires an 80% interest in Calco Company for $400,000. On the acquisition date, Calco Company has the following stockholders equity: Common stock ($10 par)...

Answered: 1 week ago

Question

★★★★★

=+c) International tourists often visit Hawaii in January. How can you tell that from this model?

Answered: 1 week ago

Question

★★★★★

On December 31, 2013, Reggit Company held the following short- term investments in its portfolio of available-for-sale securities. Reggit had no short- term investments in its prior accounting...

Answered: 1 week ago

Question

★★★★★

On the last day of its fiscal year ending December 31,2024 , the Safe \& Reliable (S\&R) Glass Company completed two financing arrangements. The funds provided by these initiatives will allow the...

Answered: 1 week ago

Question

★★★★★

Stealth, Inc. produces two types of drones, rotary and fixed wing. Stealth estimated $928,000 of manufacturing overhead, and 58,000 machine hours for the year. The allocation base for overhead costs...

Answered: 1 week ago

Question

★★★★★

. What is meant by the term cash flow? For the table below determine the yearly cash flows and the total cash flow. If a discounting rate of 8% is used what is the Net Present Value? Year 0 1 2 3 4 5...

Answered: 1 week ago

Question

★★★★★

Give two additional competencies that will be required for future project management efforts

Answered: 1 week ago

Question

★★★★★

Dying for a Paycheck, Jeffrey Pfeffer: Pfeffer presents layoffs as a lose-lose proposition and lays out the case through data that companies don't have to resort to layoffs. Layoffs negatively impact...

Answered: 1 week ago

Question

★★★★★

A maintenance workshop wants to add a new welding station. So the welding manager asked the simulation engineer to provide him with how much space should they allocate. What measures can the...

Answered: 1 week ago

Question

★★★★★

Are social media companies culpable, complicit, or capable in relation to societal harms perpetrated on their platform - and what might Nike's Project Rewire look like for a social media company...

Answered: 1 week ago

Question

★★★★★

25. Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales 10,200,000 32,000,000 Net...

Answered: 1 week ago

Question

★★★★★

Create an appropriate display of the navel data collected in Exercise 25 of Section 3.1. Discuss any special properties of this distribution. Exercise 25 The navel ratio is defined to be a persons...

Answered: 1 week ago

Question

★★★★★

Refer to the data in Exercise 2-8. Required a. Using the high-low method, compute the variable cost of electricity per machine hour. b. Compute the total fixed cost of electricity. c. Represent the...

Answered: 1 week ago

Question

★★★★★

Jordan Auto has developed the following production plan for its new auto part. Each unit contains three pounds of raw material. The desired raw materials ending inventory is 120 percent of the next...

Answered: 1 week ago

Question

★★★★★

Amazon.com announced in a May 19, 2011, news release that the company was selling more Kindle books than traditional print books. From their first sales in November 2007, these ebooks have continued...

Answered: 1 week ago

Question

★★★★★

172 Optimizing semiconductor material processing. Fluorocarbon plasmas are used in the production of semiconductor materials. In the Journal of Applied Physics (Dec. 1, 2000), electrical engineers at...

Answered: 1 week ago

Question

★★★★★

171 Snow geese feeding trial. The Journal of Applied Ecology (Vol. 32, 1995) performed a study of the feeding habits of baby snow geese. Data on gosling weight change, digestion efficiency,...

Answered: 1 week ago

Question

★★★★★

170 Deferred tax allowance study. A study was conducted to identify accounting choice variables that influence a managers decision to change the level of the deferred tax asset allowance at a firm (...

Answered: 1 week ago

Previous Question Next Question