Question Details

(Solved) (Latest ver. Aug 2020) - Harmon Household Products: Material Variance

Brief item decscription

Item details:


Harmon Household Products. Inc. manufactures a number of consumer items for general household use. One of these products, a chopping board, requires expensive hardwood. During a recent month, the company manufactured 4,000 chopping boards using 11,000 board feet of hardwood. The hardwood cost the company $18,700.

The company's standards for one chopping board are 2.5 board feet of hardwood at a cost of $1.80 per board foot.

1. What cost for wood should been incurred to make 4,000 chopping blocks? How much greater or less is this than the cost that was incurred?

2. Break down the difference computed in (1) above into a materials price variance and a materials quantity variance.


About this question:

This question was answered on: Sep 16, 2020

PRICE: $11.5 (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.

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