Homework Answers
| Actual price of direct materials = Cost of direct materials purchased / Quantity of direct materials purchased = 6676 / 4130 | 1.616 | |
| Direct materials price variance = ( Standard price - Actual price ) * Actual quantity used = ( 1.539 - 1.616 ) * 4090 | 315 | Unfavorable |
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CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month,...
Exercise T4-1 Swifty WaterWorks manufactures snorkel gear. During the past month, Swifty purchased 4,200 pounds of...
Exercise T4-1 Swifty WaterWorks manufactures snorkel gear. During the past month, Swifty purchased 4,200 pounds of plastic to use in its dive masks, at a cost of $7,140. The standard price for the plastic is $1.50 per pound, and each mask requires /4 pound of plastic. The company actually used 4,100 pounds of the plastic to produce 16,260 dive masks. (a) Prepare the journal entry to record the purchase of plastic during the month. (Credit account titles are automatically indented...
nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt,...
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Exercise T4-1 Swifty WaterWorks manufactures snorkel gear. During the past month, Swifty purchased 4,200 pounds of plastic to use in its dive masks, at a cost of $7,140. The standard price for the plastic is $1.50 per pound, and each mask requires /4 pound of plastic. The company actually used 4,100 pounds of the plastic to produce 16,260 dive masks. (a) Prepare the journal entry to record the purchase of plastic during the month. (Credit account titles are automatically indented...
nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard material cost per tile is $8 (2 pounds of material x $4.00) Compute the total, price, and quantity material variances for Patt, Inc. for March. Identify whether the variance is favorable or unfavorable? on 34v ion 26 Total Materials Variance on 37 Materials Price Variance ?? Materiais Quantity...
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ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 7-9 Your answer is partially correct. Try again. Eric Parker has been studying his department's profitability reports for the past six months. He has just completed a managerial accounting course and is beginning to question the company's approach to allocating overhead to products based on machine hours. The current department overhead budget of $810,495 is based on 38,500 machine hours. In an initial analysis of overhead costs, Eric Parker has identified...
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