Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

Prepare a variance analysis for Direct Materials. Standards: Each unit requires 6 pounds of direct materials The standard cost is $ 2 per pound. Actual

Prepare a variance analysis for Direct Materials.

Standards: Each unit requires $6$ pounds of direct materials

The standard cost is $ $2$ per pound.

Actual results: $8, 000$ units were produced

$50, 000$ pounds of materials was used.

The total costs of materials $=$ $ $102, 000 .$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Using the large sample confidence interval formula for the mean, compute a 90% lower bound confidence interval for the mean when (a) ???? = 133, ???? = 28.5, and ???? = 6.7. (b) ???? = 250, ???? =...

Answered: 1 week ago

Question

★★★★★

Read Bradley & Mahmood, "Bombardier TEG" case and Summarize the salient changes in his market and competition during the time of the case; Critique the "threat" of Morrison Knudsen; Perform a...

Answered: 1 week ago

Question

★★★★★

Ans of this question Cisco Enterprises in Ontario purchased the following in a single month all-inclusive of taxes: 16,000 units of network routers at $79.25 each 12,000 units of wireless LAN...

Answered: 1 week ago

Question

★★★★★

1. * 1 1. In approximationg the area under curves using the Riemann Sums, what is the formula in finding the area? A. A = f(x) B. A = f(x) C. A = f(x) D. A = Ax (D-a O A O B O C O D2 * 2 2. Which of...

Answered: 1 week ago

Question

★★★★★

We've done 50% of the work on a $290K budgeted project. Our project has spent $180K so far. a. What is the EV? b.EAC c.ETC

Answered: 1 week ago

Question

★★★★★

What is Extreme Project Management (XPM) and how this approach different from traditional project management (TPM) approaches? How would you determine if this is right approach for your project? How...

Answered: 1 week ago

Question

★★★★★

3. Assume you are ready to close the sale on a premium suite for a corporation. Create a sales dialogue between you and the decision-maker that results in a successful sale using the following...

Answered: 1 week ago

Question

★★★★★

5. Using the following data, calculate the breakeven point and margin of safety in units: Selling Price = $50 Variable Cost =$40 Fixed Cost = $70,000 Budgeted Sales = 7,500 units

Answered: 1 week ago

Question

★★★★★

Megan used to work at the local pizzeria for $30,000 per year but quit in order to start her own deli. Last year, she paid $6,000 rent each month, $5,500 for employee payroll each month, and $1,500...

Answered: 1 week ago

Previous Question Next Question

Question

Prepare a variance analysis for Direct Materials. Standards: Each unit requires 6 pounds of direct materials The standard cost is $ 2 per pound. Actual

Prepare a variance analysis for Direct Materials. Standards: Each unit requires 6 pounds of direct materials The standard cost is $2 per pound. Actual results: 8,000 units were produced 50,000 pounds of materials was used. The total costs of materials =$102,000.

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Prepare a variance analysis for Direct Materials.

Standards: Each unit requires $6$ pounds of direct materials

The standard cost is $ $2$ per pound.

Actual results: $8, 000$ units were produced

$50, 000$ pounds of materials was used.

The total costs of materials $=$ $ $102, 000 .$