Please show work for credit. $1,880 U $10,476 U $1,940 U $10,152 U The following

Question

Please show work for credit.

$1,880 U $10,476 U $1,940 U $10,152 U
The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials quantity variance for the month? $1,880 U $10,476 U $1,940 U $10,152 U In determining the dollar amount to use for operating assets in the return on investment (ROI) calculation, companies will generally use either net book value or gross cost of the assets. Which of the following is an argument for the use of net book value rather than gross cost? rev: 11_17_2012, 04_15_2013_QC_29258 It is consistent with how assets are reported on the balance sheet. It eliminates the depreciation method as a factor in ROI calculations. It encourages the replacement of old, worn-out equipment. All of these

Explanation / Answer

Hi,

Please find the answer as follows:

Part A:

Direct Material Quantity Variance = Standard Rate*(Actual Quantity of Material Used - Standard Quantity of Material Used for Actual Production) = 19.40*(1000 - 100*4.6) = 10476 (U)

Option B is correct.

Part B:

Option D (All of the above) is correct.

Thanks.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---