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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778 تمرين 5
Understanding Materials Cost Variances and Volume Variance
Bradley's materials quantity variance for the current month was exactly one-half of its materials price variance. Both variances were unfavorable. The company's cost accountant has supplied the following standard cost information:
Instructions
a. Compute Bradley's materials price variance.
b. Compute the standard quantity of materials allowed for producing 780 units of product.
c. Record the journal entry to charge Work in Process for the cost of materials used during the month.
d. Assume Bradley's overhead volume variance is three times the amount of its materials quantity variance. Is the volume variance favorable or unfavorable? How do you know?
Bradley's materials quantity variance for the current month was exactly one-half of its materials price variance. Both variances were unfavorable. The company's cost accountant has supplied the following standard cost information:
Instructions
a. Compute Bradley's materials price variance.
b. Compute the standard quantity of materials allowed for producing 780 units of product.
c. Record the journal entry to charge Work in Process for the cost of materials used during the month.
d. Assume Bradley's overhead volume variance is three times the amount of its materials quantity variance. Is the volume variance favorable or unfavorable? How do you know?
التوضيح
موثّق
موثّق
a. To compute the B Company's materials ...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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