Solved: What was the material price variance for may 2016 the, Accounting Basics

+44 141 628 6080
[email protected]

What was the material price variance for may 2016 the

The standard direct material cost to produce one widget is four meters of widget line (material) at $3.00 per meter. Durig May 2016, 6,000 meters of line (material) costing $17,500 were purchased and used to produce 1,500 units of widgets. What was the material price variance for May 2016?

a. $200 Favorable
b. $500 Unfavorable
c. $800 Unfavorable
d. $500 Favorable

Solution Preview :

Prepared by a verified Expert

Accounting Basics: What was the material price variance for may 2016 the

Reference No:- TGS02602898

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : A restaurant owner is concerned about the consistency of

question a restaurant owner is concerned about the consistency of business he wants to determine if the standard

Q : If the salvage value is 4000 how low must the interest rate

a common standard of significant change is 10 a projects first cost is 20000 the expected life is 15 years and the

Q : Budgeted net operating income for the month is 220000

problem - the following monthly budgeted data are available for the international companynbspproduct cproduct

Q : Explain the advantages and the disadvantages of using a

explain the advantages and the disadvantages of using a general ledger versus a t-account if you owned a business which

Q : What was the material price variance for may 2016 the

the standard direct material cost to produce one widget is four meters of widget line material at 300 per meter durig

Q : Calculate the pw of a phd degree over a bs degree using the

calculate the pw of a phd degree over a bs degree using the data from example 57 assume that graduate school takes 5

Q : The manager of a supermarket would like the variance of the

question the manager of a supermarket would like the variance of the waiting time soft the customers not to exceed

Q : Determine the down payment that must be made on an

determine the down payment that must be made on an automobile that cost 20000 if payments are limited to 375 per month

Q : A replacement part for a machine must be produced with in

question a replacement part for a machine must be produced with in close specifications in order for it to be

1939721

Questions
Asked

3,689

Active Tutors

1416987

Questions
Answered

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

ask Question

Asked Questions

How will your work impact creation

Question 1: What does it mean to claim that God is triune and how does this bear upon human life?

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

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?

Are there any of the objections to the teaching of catholic

Are there any of the objections to the teaching of the Catholic Church that Austriaco describes and rebuts on pp. 108-113?

What factors contributed to the division of israel

According to the selection we read, what factors contributed to the division of Israel into a northern and southern kingdom? Please be specific

Reflect on the mission of the church as christianity

Using your primary and secondary source readings, reflect on the mission of the church as Christianity spread away from the Mediterranean center

Explain the meaning of the sacrificial lamb

After reading through Exodus chapters 12 and 13, try to explain the meaning of the sacrificial lamb in the dinner and the meaning