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

Question

1 Approved Answer

RTJ Co. Ltd has the following detail for December 2021 Standard Units of product 10,000 Materials per product unit 4 kg Raw material priced per

image text in transcribed

RTJ Co. Ltd has the following detail for December 2021 Standard Units of product 10,000 Materials per product unit 4 kg Raw material priced per kg $1.50 Actual performance Units of product 9,000 Materials used 39,000 kg Material cost (total) $61,500 Determine the material cost variance in total, with a sub-analysis into material price and usage variances

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

Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits

Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits

Authors: M Dillon, C Griffith

1st Edition

1855734508, 978-1855734500

More Books

Students also viewed these Accounting questions

Question

★★★★★
ABC has two financing alternatives. It can issue 20-year public debt at par with a 7% coupon in the domestic market. It can also issue 6% Eurobonds. There are NO issuance costs. Calculate APY for...

Answered: 1 week ago

Question

★★★★★
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a...

Answered: 1 week ago

Question

★★★★★
Research available resources for at least two other low-incidence disabilities and create a list of these resources. (D7)

Answered: 1 week ago

Question

★★★★★
On August 3, 2013, the date of incorporation, Quinn Company accepts separate subscriptions for 1,000 shares of $100 par preferred stock at $104 per share and 9,000 shares of no-par, no-stated-value...

Answered: 1 week ago

Question

★★★★★
these are the only data about the question 3 Months Ended COCA COLA COMPANY STATEMENTS OF INCOME - USD ($) $ in Millions Mar. 27, 2020 $ 8.601 Mar. 29, 2019 $ 8.694 3.371 3.365 Revenues (Net Sales)...

Answered: 1 week ago

Question

★★★★★
L. Winston Martin (an allergist) has an excellent system for handling his regular patients who come in just for allergy injections. Patients arrive for an injection and fill out a name slip, which is

Answered: 1 week ago

Question

★★★★★
Renaldo's Bakery makes bread for the local restaurants. Gennaro's job is to inspect the bread for defects, including size, holes, slice width, hardness, and softness. Each loaf of bread could have as...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Question

★★★★★
2. How do the values of a cultural group influence communication with members of other cultural groups?

Answered: 1 week ago

Question

★★★★★
4. How is culture a contested site?

Answered: 1 week ago

Question

★★★★★
1. How do definitions of culture influence peoples perspectives on intercultural communication?

Answered: 1 week ago

Previous Question Next Question