Question Details

(Solved) (Latest ver. Aug 2020) - Material Price Variance, Material Quantity Variance & Overhead Volume Variance

Brief item decscription


Item details:

Question:

Gumchara Corporation reported the following information with respect to the materials required to
manufacture amalgam florostats during the current month:

Standard price per gram of materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4
Standard quantity of materials per amalgam florostat . . . . . . . . . . . . . . . . . . . . . 5 grams
Actual materials purchased and used in production . . . . . . . . . . . . . . . . . . . . . . . 6,000 grams
Actual amalgam florostats produced during the month . . . . . . . . . . . . . . . . . . . . 1,000 units
Actual cost of materials purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $18,000
Normal monthly output . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900 units

a. Determine Gumchara's materials price variance.

b. Determine Gumchara's materials quantity variance.

c. Will Gumchara's overhead volume variance be favorable or unfavorable? Why?

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 16, 2020

PRICE: $11.5

Solution~00010921.zip (18.37 KB)

Buy this answer for only: $11.5

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now