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

Question

1 Approved Answer

Question 46 Crane Company has a materials price standard of $2.60 per kilogram. 3910 kilograms of materials were purchased at $2.30 a kilogram. The actual

image text in transcribed

Question 46 Crane Company has a materials price standard of $2.60 per kilogram. 3910 kilograms of materials were purchased at $2.30 a kilogram. The actual quantity of materials used was 3590 kilograms, although the standard quantity allowed for the output was 3470 kilograms. Crane Company's materials quantity variance is O $312 U. $312 F. $1041 F. $1041 u

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

Step: 3

blur-text-image

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

Quality Audit Standard Requirements

Quality Audit Standard Requirements

Authors: Gerardus Blokdyk

1st Edition

0655170898, 978-0655170891

More Books

Students also viewed these Accounting questions

Question

★★★★★
Use the model for the one-way analysis of variance for the data of Exercise 15.12. a. Estimate b. Estimate Gi for each of the three magazines. c. Estimate e13, the error term corresponding to the...

Answered: 1 week ago

Question

★★★★★
Income Statement indicating Standard Cost Variances The following data were taken from the records of Grigos Company for December $100.800 550.000 1.600 (5601 Administrative expenses Cost of goods...

Answered: 1 week ago

Question

★★★★★
9.39 Avian Flu Avian flu is clearly on the radar of Canadians. Given the amount of media coverage on the Avian Flu issue, it is not surprising to find that about 60% are concerned about it. However,...

Answered: 1 week ago

Question

★★★★★
In 2010, Grand Falls Bank (GFB) had $4,000,000 in business loans at an average interest rate of 3.5 percent as well as $3,200,000 in consumer loans with an average rate of 8 percent. GFB also has...

Answered: 1 week ago

Question

★★★★★
Regional Bank offers an 8% nominal annual interest rate, compounded monthly on its savings accounts. State Bank offers the same effective annual return as Regional Bank and interest on States savings...

Answered: 1 week ago

Question

★★★★★
Number of people who own a Nintendo Switch in different cities listed below. Round your ratio as a decimal to 5 places. Round the Owners per 100 to one decimal. City Indianapolis New York Cairo...

Answered: 1 week ago

Question

★★★★★
Figure P27.18 shows three particles passing near the north end of a bar magnet. Particle 1 is an electron, and particles 2 and 3 are protons. All three particles move at the same speed. (a) Determine...

Answered: 1 week ago

Question

★★★★★
The Placebo Drug Company holds a patent on one of its discoveries. a. Assuming that the production of the drug involves rising marginal cost, draw a diagram to illustrate Placebos profitmaximizing...

Answered: 1 week ago

Question

★★★★★
What is the use of bootstrap program?

Answered: 1 week ago

Question

★★★★★
What is a process and process table?

Answered: 1 week ago

Question

★★★★★
What is Industrial Economics and Theory of Firm?

Answered: 1 week ago

Question

★★★★★
2. You organized a study group to prepare for your history final exam and invited a handful of other hardworking students from class. Another classmate, Scott, shows up. Scott is rarely prepared for...

Answered: 1 week ago

Question

★★★★★
Was the beach cleaner at the end of the day as a result of the groups efforts? Before-and-after photos of the beach reveal a very successful cleanup.

Answered: 1 week ago

Question

★★★★★
3. Managing a local, casual restaurant has its ups and downs, and today is one of the downs. Customers have been complaining that the waiters and waitresses have not been friendly, so youve decided...

Answered: 1 week ago

Previous Question Next Question