Standard quantity standard price, Accounting Basics

+44 141 628 6080
[email protected]

Standard quantity standard price

The company purchased 4,000 yards of material in March for $40,000. The company used 3,800 yards in March in order to make 900 suits. The direct materials price variance is:

A suit company has the following standards to make one suit:
Standard Quantity Standard Price
Direct materials 4 yards per unit $9.50 per yard
Direct labor 2 hours per unit $12.00 per hour

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Standard quantity standard price

Reference No:- TGS0709858

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Related to the computer equipment

Taylor Co. bills a client $48,000 for services provided and agrees to accept the following three items in full payment: (1) $7,500 cash, (2) computer equipment.

Q : What was the net loss or net income

If operations for an accounting period resulted in fees for cash of $25,000, fees on account of $30,000, and expenses paid in cash of $50,000, did the business incur a net income or a net loss for the period, what was the net loss or net income

Q : The manufacturing overhead was what

During the month of September, direct labor cost totaled $9,750 and direct labor cost was 30% of prime cost. If total manufacturing costs during September were $74,500.

Q : When should alpine west recognize revenue from the sale

Prepare the appropriate journal entries that Alpine would record on November 6 and December 31. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.

Q : Standard quantity standard price

The company purchased 4,000 yards of material in March for $40,000. The company used 3,800 yards in March in order to make 900 suits. The direct materials price variance.

Q : What would be the total production engineering

At an activity level of 9,700 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $810,435 and its total fixed production engineering cost is $193,050.

Q : Explain the business incur a net income

The owners equity at the beggining of the period was 55,000 at the end of the period assets were 200,000 and the liabilities were 89,000.

Q : Explain the production budget calls for producing

Hagos Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.84 direct labor-hours. The direct labor rate is $9.40 per direct labor-hour.

Q : Suggest an internal control for each risk

The computer system requires all users to log on with a user identification (their first initial and the first six letters of their surname), and a password that is assigned to users when they join the firm.

1947399

Questions
Asked

3,689

Active Tutors

1437292

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: Standard quantity standard price

Reference No:- TGS0709858

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Related to the computer equipment

Q : What was the net loss or net income

Q : The manufacturing overhead was what

Q : When should alpine west recognize revenue from the sale

Q : Standard quantity standard price

Q : What would be the total production engineering

Q : Explain the business incur a net income

Q : Explain the production budget calls for producing

Q : Suggest an internal control for each risk

Identify problems and concerns that contributed

How code of suburbs differs from the code of street

How does the pyramid change

Which is a criticism of marxist/conflict theories

Discussion about cultural appropriation

What is meant by indigenismo

Which are forms of media bias

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Standard quantity standard price

Reference No:- TGS0709858

Recent Questions Asked Accounting Basics

Q : Related to the computer equipment

Q : What was the net loss or net income

Q : The manufacturing overhead was what

Q : When should alpine west recognize revenue from the sale

Q : Standard quantity standard price

Q : What would be the total production engineering

Q : Explain the business incur a net income

Q : Explain the production budget calls for producing

Q : Suggest an internal control for each risk

Asked Questions