FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELP ASAP!! A company reports the following for one of its products. Direct materials standard ( 6 pounds e 52 per pound) Actual units produced

HELP ASAP!!
image text in transcribed
A company reports the following for one of its products. Direct materials standard ( 6 pounds e 52 per pound) Actual units produced Actual cost of direct nateriols used $12 per unit 80,000 units Compute the total direct materials variance and identify it as favorable or unfavorabie. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image_2

Step: 3

blur-text-image_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

International Fraud Handbook

International Fraud Handbook

Authors: Joseph T. Wells

1st Edition

1118728505, 9781118728505

More Books

Students also viewed these Accounting questions

Question

★★★★★
A train and a tunnel both have proper lengths L. The train speeds toward the tunnel, with speed v. A bomb is located at the front of the train. The bomb is designed to explode when the front of the...

Answered: 1 week ago

Question

★★★★★
A homeowner is interested in supplying water (20C) to her woodshop that is about 30 m from her house. However, she is concerned about the lack of water pressure. Calculate the pressure drop, can...

Answered: 1 week ago

Question

★★★★★
Let S(t) denote the price of a security at time t. A popular model for the process {S(t), t 0} supposes that the price remains unchanged until a shock occurs, at which time the price is multiplied by...

Answered: 1 week ago

Question

★★★★★
In a study of the effects of stress on illness, a researcher tallied the number of colds people contracted during a 6-month period as a function of the amount of stress they reported during that same...

Answered: 1 week ago

Question

★★★★★
* Determine the beginning work in process inventory. * Determine the beginning Direct Material Inventory. * Determine the Direct Material issued to (used in) production. * Compute the total...

Answered: 1 week ago

Question

★★★★★
Paladin Ltd requires 11% pa required rate of return and has a required payback period of 2 years. Paladin is considering a new project that will cost $60,000 and provide the following expected after...

Answered: 1 week ago

Question

★★★★★
On January 1, 20X1, Porta Corporation purchased Swick Company's net assets and assigned goodwill of $80,100 to Reporting Division K. The following assets and liabilities are assigned to Reporting...

Answered: 1 week ago

Question

★★★★★
SARAD 09 (Photo courtesy of Caterpillar) A re-seller of mining machinery, located in Stratford, Ontario, calls a CIFFA Forwarder, inquiring about shipping a used Caterpillar Grader, to Vina del Mar,...

Answered: 1 week ago

Question

★★★★★
Report on the engagement activities that have occurred with your group during the term and share your personal/individual plans to continue interactions beyond the course. Produce either a text...

Answered: 1 week ago

Question

★★★★★
A short, cantilevered round peg is 40 mm in diameter and extends 10 mm from the wall. It is loaded, as shown, with a force F = 50 kN applied at the tip in the negative z direction, and a torque T=...

Answered: 1 week ago

Question

★★★★★
11. Todd fractured his wrist while he was Rollerblading. To relieve the pain, his doctor suggested that he take 500 mg of aspirin every 6 h. At this rate, only 26% of the aspirin remains in his body...

Answered: 1 week ago

Question

★★★★★
Taking the Meteor case study, do you think an assessment centre is a fair method of making the fi nal selection? What are the successes and problems associated in this particular case? Make your...

Answered: 1 week ago

Question

★★★★★
Set out the practical issues that may face management when working with a nonunionised workforce. For example, one issue would be how to communicate with employees.

Answered: 1 week ago

Question

★★★★★
Construct a structured interview for the position of student counsellor, using situational questions, patterned behavioural descriptions and criterion based questions (see case study 3.3).

Answered: 1 week ago

Previous Question Next Question