Compute the direct materials price and quantity variances, Accounting Basics

+44 141 628 6080
[email protected]

Compute the direct materials price and quantity variances

Duval, Inc. budgets direct materials at $1/liter and each product requires 4 liters per unit of finished product. April's activities show usage of 832 liters to complete 196 units at a cost of $798.72. Compute the direct materials price and quantity variances. Indicate if the variance if favorable or unfavorable.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the direct materials price and quantity variances

Reference No:- TGS048259

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Make a segmented income statement

Prepare a segmented income statement in the contribution format for the company.

Q : How much equity have had in the house at the time of sale

How much were her monthly payments? If she sold the house for $300,000 after 5 years, how much equity would she have had in the house at the time of its sale?

Q : How much does each firm sell in cournot equilibrium

Suppose firms compete in quantities. How much does each firm sell in a Cournot equilibrium? What is the market price and what are firms' profits?

Q : Show the foreign market using monopoly model diagram

Use a Monopoly Model diagram to clearly and accurately show the foreign market that the firm would face if it decided to enter this market. This diagram should be drawn in BLACK.

Q : Compute the direct materials price and quantity variances

Q : Cost of goods sold for the next month

The beginning inventory of merchandise is $10,000, and an ending inventory of $12,000 is desired. Beginning accounts payable is $76,000. The cost of goods sold for next month is expected to be:

Q : What is the amount of goodwill to be recorded in purchase

The price paid for cozzi's net acess is $500,000. the fixed assets have a fair value of $200,000, and the liabilities have a fair value of $110,000.00. what is the amount of goodwill to be recorded in the purchase?

Q : What are the equilibrium price and quantity

Find the cost function C(q), the marginal cost function MC(q), and the average cost function AC(q) for a representative firm. What is the supply curve for a single firm? For the entire market?

Q : Find out the net cash from operating activities

Accounts Receivable $800 decrease Prepaid Expenses $14,000 decrease Inventory $25,000 increase Accrued Liabilities $6,500 decrease Accounts Payable $12,000 increase Compute the net cash from operating activities based on the above information.

1947469

Questions
Asked

3,689

Active Tutors

1447766

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the direct materials price and quantity variances

Reference No:- TGS048259

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Make a segmented income statement

Q : How much equity have had in the house at the time of sale

Q : How much does each firm sell in cournot equilibrium

Q : Show the foreign market using monopoly model diagram

Q : Compute the direct materials price and quantity variances

Q : Cost of goods sold for the next month

Q : What is the amount of goodwill to be recorded in purchase

Q : What are the equilibrium price and quantity

Q : Find out the net cash from operating activities

Cases of local communities using modern technology

Why does victor coin the term hyper-violence

Discussion about idea of the tramp stamp

Review the real-life cat and mouse chase

How code of suburbs differs from the code of street

What cases does female status tend to be highest

Which of the things happened first

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the direct materials price and quantity variances

Reference No:- TGS048259

Recent Questions Asked Accounting Basics

Q : Make a segmented income statement

Q : How much equity have had in the house at the time of sale

Q : How much does each firm sell in cournot equilibrium

Q : Show the foreign market using monopoly model diagram

Q : Compute the direct materials price and quantity variances

Q : Cost of goods sold for the next month

Q : What is the amount of goodwill to be recorded in purchase

Q : What are the equilibrium price and quantity

Q : Find out the net cash from operating activities

Asked Questions