Solved: If 4500 units required 50500 gallons which were purchased, Accounting Basics

+44 141 628 6080
[email protected]

If 4500 units required 50500 gallons which were purchased

Direct Materials Variances

Tip Top Corp. produces a product that requires 11 standard gallons per unit. The standard price is $7.50 per gallon. If 4,500 units required 50,500 gallons, which were purchased at $7.35 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: If 4500 units required 50500 gallons which were purchased

Reference No:- TGS02525651

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Explain two advantages that a manufacturing firm can get on

question onea explain two advantages that a manufacturing firm can get on compensating the workers on the basis of

Q : Design a digital presentation demonstrating two different

twenty-first century teachers must prepare 21st century students for college and careera large part of that preparation

Q : Crossdocking eliminates the inventory-holding function of a

1- the objective of supply chain system is to maximize non-value createdtrue false2- supplier selection is an important

Q : On the basis of the p-value make a conclusion for this

question time magazine reported that in a 1994 survey of 507 randomly selected adult american catholics 59 answered yes

Q : If 4500 units required 50500 gallons which were purchased

direct materials variancestip top corp produces a product that requires 11 standard gallons per unit the standard price

Q : What are the differences between taxable and financial

question - what are the differences between taxable and financial income why is the tax expense reported on the income

Q : Stores ledge card for item x005 for april 2012 under lifo

the following information relates to item x005 stocked by gitoro lt for the month of april 2012date receipts issues

Q : In exercise we described a survey done to determine whether

question in exercise we described a survey done to determine whether artists are more likely to be left-handed than

Q : Observe and assist with teaching a minimum of four lessons

part 1 complete this field experience observe and assist with teaching a minimum of four lessons two science and two

1936393

Questions
Asked

3,689

Active Tutors

1431002

Questions
Answered

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

ask Question

Asked Questions

Primary, secondary, tertiary prevention by pbis website

Using the PBIS Website: Primary Prevention, Secondary Prevention, and Tertiary Prevention (links are included in Readings for this week)

Do you believe that newborns can visually recognize

Do you believe that newborns can visually recognize an individual's face? How might intermodal perception be related to this?

How everyones life is deemed valuable to god

Because everyone's life is deemed valuable to God, the choice of suicide or euthanasia contradicts this and is therefore considered sin

What is it about tendency to individualize christian faith

Using scripture refereneces give your insight into the following prompt: "What is it about our tendency to individualize the Christian faith

What examples of systems that social workers interact with

What are examples of (social) systems that social workers interact with? What are major points/truths about the progressive era?

Write contextual analysis for luke

1. Write the Contextual Analysis for Exegesis paper 2. What does the book state about the author? Who is the author?

What was a major contribution of ida b. wells

Question: What was a major contribution of Ida B. Wells to the field of sociology? Question options