Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Summerlin Company budgeted 4,900 pounds of material costing $8.00 per pound to produce 2,300 units. The company actually used 5,400 pounds that cost $8.10 per

Summerlin Company budgeted 4,900 pounds of material costing $8.00 per pound to produce 2,300 units. The company actually used 5,400 pounds that cost $8.10 per pound to produce 2,300 units. What is the direct materials quantity variance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

The Medicare Recovery Audit Contractor Program A Survival Guide For Healthcare Providers

Authors: Duane C. Abbey

1st Edition

1439821003, 978-1439821008

More Books

Students also viewed these Accounting questions

Question

★★★★★

Lori employs Max. She wants him to work hard rather than to loaf. She considers offering him a bonus or not giving him one. All else the same, Max prefers to loaf. If they choose actions...

Answered: 1 week ago

Question

★★★★★

Bobo Inc. as the following for the current year: Total revenues $100,000; total expenses $80,000; Beginning balance in retained earnings $50,000 and ending balance in retained earnings of $60,000....

Answered: 1 week ago

Question

★★★★★

2. Do the same for your favorite female film character.

Answered: 1 week ago

Question

★★★★★

Java manufactures coffee mugs that it sells to other companies for customizing with their own logos. Java prepares flexible budgets and uses a standard cost system to control manufacturing costs. The...

Answered: 1 week ago

Question

★★★★★

What is the present value of an annuity of $7,200 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 8 percent....

Answered: 1 week ago

Question

★★★★★

Big Co. owns 60% of Little Co common stock. On 1/1/23 Big Co sold a patent to Little Co for $32,000. The patent had a book value of $20,000 on that date, with a 4 year remaining useful life. On...

Answered: 1 week ago

Question

★★★★★

Question two Ever since he was a small boy Nephew has dreamed of owning a car repair business. Following high school, Nephew borrows money from Bankco and enrolls and pays his own way through...

Answered: 1 week ago

Question

★★★★★

To deal with the continuous disappointing news in the job market, government increased spending. The short-run effect of the policy is ________ a.economic expansion and lower interest rate. b.no...

Answered: 1 week ago

Question

★★★★★

This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...

Answered: 1 week ago

Question

★★★★★

A U.S. parent has a subsidiary in Canada. Its account balances are measured in Canadian dollars. If the parent's reporting currency is the U.S. dollar and the subsidiary's functional currency is the...

Answered: 1 week ago

Question

★★★★★

Rome Restaurant has the opportunity to purchase a new pizza oven for their new line of pizzas. This oven has a cost of $60,000 and will yield the following cash flows: Year 1: $12,000 Year 2: $12,500...

Answered: 1 week ago

Question

★★★★★

Empowerment may only be appropriate in low uncertainty avoidance, individualistic and low power distance cultures, and where information and status are not protected.

Answered: 1 week ago

Question

★★★★★

6 They therefore need to work at the strategic level associated with change, adaptation and development and the operational level associated with the realism of budgetary constraints and vertical...

Answered: 1 week ago

Question

★★★★★

2 The control and use of power may be problematic. There is little formal power available to sanction members in the case of failure. Managers were selected irrespective of position in the hierarchy....

Answered: 1 week ago

Previous Question Next Question