FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- direct materials mix variance for this problemarrow_forwardThe following direct materials and direct labor data pertain to the operations of Sandhill Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 $120 $12.50 $124 Quantities per hour per ton per hour per ton Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,900 hours 2,000 tons 4,960 hours 1,990 tonsarrow_forwardGoing to San Francisco [8+]. An airplane is flying from Portland, Oregon, to San Francisco, California, and then back to Portland, maintaining constant speed on the outbound and return flights (no wind for or against). The next day, it makes the same flight at the same speed, but this time. there is a slight tailwind from Portland to San Francisco. That is, the plane flies downwind from Portland to San Francisco but then against the wind from San Francisco to Portland. On what day is the flight shorter, the first or the second? Explain.arrow_forward
- The standard price for direct materials is used in the calculation of which variances ? Neither the price variance nor the quantity variance The quantity variance but not the price variance Both the price variance and the quantity variance The price variance but not the quantity variancearrow_forwardSubject: acountingarrow_forwardb. Calculate the profit variance c. Calculate the total revenue variance. d) Calculate the revenue volume variance. e) Calculate the revenue price variance. f) Calculate the total cost variance.arrow_forward
- The following direct materials and direct labor data pertain to the operations of Sunland Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 $290 $12.50 per hour per ton per hour $292 per ton Quantities. Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used. 4,200 hours 1,000 tons 4,290 hours 990 tonsarrow_forwardThe variable overhead efficiency variance is computed and interpreted. a) the same as; the same as b) the same as; differently than c) differently than; the same as d) differently than; differently than the direct-cost efficiency variance.arrow_forwardWhat is an example of a company and product that uses variance analysis to help contain cost?arrow_forward
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