What is the materials price variance for the month? (Input the amount as a posit
ID: 2478420 • Letter: W
Question
What is the materials price variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)
What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)
19.
The following standards for variable overhead have been established for a company that makes only one product:
What is the variable overhead rate variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)
What is the variable overhead efficiency variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)
20.
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:
14.3%
4.1%
15.5%
19.6%
21.
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:
24.39
3.48
0.14
7.02
22.
Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:
The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)
4.50%
17.89%
14.04%
1.50%
The following materials standards have been established for a particular product:Explanation / Answer
18 a)Material price variance for the month =standard price -actual price*actual quantity
=(12-11.65)*1600
=$560F
b) material quantity variance for the month=standard price *(standard quantity -actual quantity)
=12*(1470-1600)
=$1560 U
19 b)variable overhead efficency variance for the month=standard overhead rate*(actual hours-standard hours)
=14*(9500-9420)
=$1120F
20)The division's margin =( Net operating income /sales)*100
=(715450/17450000) *100
=4.1%
22)Division's return on investment=(net operating income/sales)*100
=(810450/8010000)*100
=4.5%
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