Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2023

What is the material usage variance? F ir UF? (7 Points) The SD unit cost of product X are as follows: DM 750 per

What is the material usage variance? F ir UF? (7 Points) The SD unit cost of product X are as follows: DM 750 per unit (375 per kg) DL 15.625 per hour (requires 30 mins) Actual data: Produced RM used 250 units total cost of 193,440 (at cost of 372 per kg)

Step by Step Solution

★★★★★

3.48 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the Material Usage Variance MUV for product X you can ... 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

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

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions

Question

★★★★★

The events associated with a recent sale from Valor & Co. are as follows: 1) June 21st: Sales Associate meets client at a convention. Client verbally orders 100,000 widgets. 2) June 23rd: Formal...

Answered: 1 week ago

Question

★★★★★

M Ltd is preparing its draft financial statements for the year ended 31 March 2020. Draft profit for the year was 1,671,400. The following outstanding issues have been identified. (1) The draft...

Answered: 1 week ago

Question

★★★★★

Chromalox Instruments and Controls, located in LaVergne, Tennessee, is a manufacturer of industrial process controllers, monitors, and industrial and military control panels. Chromalox products are...

Answered: 1 week ago

Question

★★★★★

Jake's office building is destroyed by a fire on September 15, 2022. Jake receives insurance proceeds on April 15, 2023 in the amount of $300,000. Jake's adjusted basis in the building was $250,000....

Answered: 1 week ago

Question

★★★★★

During the current year, merchandise is sold for $775,000. The cost of the merchandise sold is $426,250. a. What is the amount of the gross profile? b. Compute the gross profile percentage (gross...

Answered: 1 week ago

Question

★★★★★

=+b. What will be the total expense to your company at the time when the bonds mature in year 10?

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

The following information is available for Robstown Corporation for 20Y8: Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 20Y8 income statement. Inventories...

Answered: 1 week ago

Question

★★★★★

Suppose you had a log file (java.log) and you were looking the last three instances of java.io.IOException errors in that log file. How would you do it? (Show the command only)

Answered: 1 week ago

Question

★★★★★

E8-16 E8-17 Determining Budgeted Overhead The overhead application rate for a company is $10 per unit, made up of $6 per unit of fixed overhead and $4 per unit of variable over- head. Normal capacity...

Answered: 1 week ago

Question

★★★★★

Teal and Associates, a small manufacturin firm, entered into the folowing cash transactions during January 2017: 1. Issued 500 shares of stock for $20 aach 2. Sold services for s4,400 cash. 3. Paid...

Answered: 1 week ago

Question

★★★★★

PA9-5 Recording Transactions and Adjustments for Tangible and Intangible Assets [LO1, LO2, LO3, LO4, LO9-5, LO9-6] The following transactions and adjusting entries were completed by Gravure Graphics...

Answered: 1 week ago

Question

★★★★★

Describe the advantages of the CRISP-DM and McKinsey 7-Steps of Problem-Solving approaches and what aspects these two frameworks share. Why do you think frameworks like these are important or useful...

Answered: 1 week ago

Question

★★★★★

Twenty movies were released over a particular summer and their MPAA ratings (G, PG, PG-13, R) are given in the table below. G G G PG PG PG G G G G PG G G PG PG13 PG G R PG13 G a) Complete the...

Answered: 1 week ago

Question

★★★★★

Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★

1. A particle moves with amplitude A and period T, as shown in the figure. Express the following in terms of A and T and numerical constants (if necessary). (3 marks) M T A a. The time at which the...

Answered: 1 week ago

Question

★★★★★

When preparing a bank reconciliation, which of the following items would require an entry to be make on the books of the company after completing the reconciliation? A. A $175 deposit in transit for...

Answered: 1 week ago

Question

★★★★★

The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09  resistance. If the load power factor is 0.83 lagging, find the...

Answered: 1 week ago

Question

★★★★★

Brenda Barnes has just been appointed the new director of Youth Hot-Line, a not-for-profit organization that operates a phone bank for teen-age individuals experiencing emotional difficulties. The...

Answered: 1 week ago

Question

★★★★★

Describe four types of benchmarking. Use the Internet to find a company that has engaged in benchmarking. Describe the type of benchmarking used and the benefits and costs of the company's experience.

Answered: 1 week ago

Question

★★★★★

What is the objective of managing the sales mix of products? What are the major factors that influence sales mix?

Answered: 1 week ago

Question

★★★★★

=+a. Suppose that 5% of the items in a particular lot are defective and that a random sample of size n 5 5 is to be taken from the lot. Calculate the probability that the sample proportion p falls...

Answered: 1 week ago

Question

★★★★★

=+45. Refer to Exercise 37. Suppose that a large lot of items is inspected by taking a random sample of size n and determining the number x of defective items in the

Answered: 1 week ago

Question

★★★★★

=+c. Answer the question in part (a) for samples of size n 5 100. Hint: Use the normal approximation to the binomial distribution.

Answered: 1 week ago

Previous Question Next Question