Business, 05.05.2021 01:30 Mariefritz13

The following data relate to the direct materials cost for the production of 2,200 automobile tires: Actual: 51,700 lbs. at $1.70 $87,890
Standard: 50,700 lbs. at $1.75 $88,725

Required:
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

Direct Materials Price Variance $
Direct Materials Quantity Variance $
Total Direct Materials Cost Variance $

b. The direct materials price variance should normally be reported to the . When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the. When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the.

Answers: 3

Show answers

Another question on Business

Business, 20.06.2019 18:04

What is the difference between a government and a state

Answers: 2

Answer

Business, 21.06.2019 15:50

Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?

Answers: 2

Answer

Business, 21.06.2019 18:20

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

Answers: 1

Answer

Business, 21.06.2019 22:40

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Answers: 3

Answer

You know the right answer?

The following data relate to the direct materials cost for the production of 2,200 automobile tires:...

Questions