Discuss the direct materials price and quantity variances, Accounting Basics

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Discuss the direct materials price and quantity variances

Actual Raw materials used: 26,000 lbs at $2.80 per lb. Actual Factory Payroll : 2,800 hours for a total of 26,600 Actual Units Produced: 30000 Budgeted standards for each unit produced are .75 pounds of raw material at $2.90 per pound and 4.0 minutes of direct labor at $9.00 per hour. Compute the direct labor rate and efficiency variances. Compute the direct materials price and quantity variances.

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Accounting Basics: Discuss the direct materials price and quantity variances

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Q : Discuss the direct materials price and quantity variances

Actual Raw materials used: 26,000 lbs at $2.80 per lb. Actual Factory Payroll : 2,800 hours for a total of 26,600 Actual Units Produced: 30000 Budgeted standards for each unit produced are .

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Accounting Basics: Discuss the direct materials price and quantity variances

Reference No:- TGS0713389

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate its cost of goods purchased

Q : What is the total overhead variance

Q : Calculate the beginning book balance

Q : Determine temperature at the duct exit and heat transfer

Q : Discuss the direct materials price and quantity variances

Q : What will be the net realizable value of account

Q : Rimes restaurant makes large cash deposits

Q : Find maximum number of palletizers one operator can tend

Q : Describe how individual fixed overhead items are controlled

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the direct materials price and quantity variances

Reference No:- TGS0713389

Recent Questions Asked Accounting Basics

Q : Calculate its cost of goods purchased

Q : What is the total overhead variance

Q : Calculate the beginning book balance

Q : Determine temperature at the duct exit and heat transfer

Q : Discuss the direct materials price and quantity variances

Q : What will be the net realizable value of account

Q : Rimes restaurant makes large cash deposits

Q : Find maximum number of palletizers one operator can tend

Q : Describe how individual fixed overhead items are controlled

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