what are the possible causes of favourable Material usage variance
Q: Akram has assessable trading income of £41,870 and employement income of £11,400 (gross). Tax under…
A: The question asked to compute Akram's income tax payable for 2017-18. Income tax liabilities:…
Q: The Budget director of Sunhelmet Corp., with your assistance, has gathered the following data for…
A: Answer to Question:- Direct…
Q: Under Rowena's will, Mandy (Rowena's sister) inherits her property. One year later, Mandy dies.…
A: Estate Tax - In the US, there is an estate tax that is levied as a federal tax on the distribution…
Q: Prior to the subscription of MJE, the accounting equation of BFAR Corporation is Assets Liabilities…
A: The general fairness of a enterprise is derived with the aid of using subtracting its liabilities…
Q: Hygeia Health expects to sell 410 units of Product A and 390 units of Product B each day at an…
A: Cost of goods sold is the amount of cost incurred on the making of the goods that are sold by the…
Q: Determinant Company is a price−taker and uses a target−pricing approach. Refer to the following…
A: Product cost includes all the direct expenses and overheads concerned with the product. The product…
Q: Reporting Stockholders' Equity Using the following accounts and balances, prepare the…
A: ANSWER Here the question is asked to calculate total stockholders equity. Authorized Common stock =…
Q: Cullumber Company uses a periodic inventory system and the average cost method. At December 31,…
A: Introduction: Under LCNRV method of valuing and reporting inventory, inventory are recorded at cost…
Q: The following financial statements apply to Finch Company: Year 2 Year 1 $219,100 $182,800 Revenues…
A: Note: It is not possible to solve all the subparts within a given time period, hence i solved…
Q: Using the following information, determine the cost of merchandise sold. $28,581 Selling expenses…
A: Cost of merchandise sold means the total cost of the goods that a trader incurred for the…
Q: Required information [The following information applies to the questions displayed below.] Tyrell…
A: Interest due It represents the amount required to pay the interest cost of a loan for the payment…
Q: Why are externally presented reports required to be prepared according to generally accepted…
A: GAAP principles are a set of world-renowned accounting principles that defines the rules and…
Q: A company's sales price per unit is $16. It has the following sales: Jan Feb Mar Apr May 530 400 575…
A: The cash collection schedule is prepared to record the cash receipts during the current period. The…
Q: Abbott Company uses the allowance method of accounting for uncollectible receivables. Abbott…
A: The allowance for the uncollectible account should have normal credit balance after all adjustments.…
Q: Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a…
A: Introduction: Under FIFO method of calculating equivalent units, total number of units transferred…
Q: Assets Current assets: Cash $ 5,304 $ 5,350 Accounts receivable, net 15,800 10,450 Inventory…
A: Gross margin percentage is calculated by dividing the gross margin with the sales whereas net margin…
Q: the end of the current year, the accounts receivable account has a debit balance of $1,955,000 and…
A: Introductions:- A doubtful debt refers to an account receivable that is likely to become a…
Q: Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost…
A: Activity-based costing (ABC) method: It is a method of assigning of indirect costs and overhead to a…
Q: A colleague has been discussing Activity Based Co states the following: (i) ABC is easier, quicker…
A: In costing the allocation of overhead is very important and accurate allocation allow the proper…
Q: Which of the following events will cause a company’s current ratio to decrease? a. The sale of…
A: The current ratio is calculated by taking all the current affairs and the current cavities of the…
Q: Nielson Corp. sells its product for $6.600 per unit. Variable cost per unit are: manufacturing,…
A: Answer Correct option is = 2nd option $4800 Explanation: Cogs = Variable Cost +…
Q: Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income…
A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: staurant expects to pay a common stock dividend of $1.50 per share next year (d1). Dividends are…
A: Answer :Cost of External equity = Dividend next year / (Common stock selling price - issuance cost)…
Q: 8. Stetson Corporation uses the equity method to ac- count for its ownership of 30% of the common…
A: The equity method is the method of investment accounting adopted by the company to record net…
Q: Acquirer Company issued 80,000 new shares of its P10 par value ordinary shares and paid cash of…
A: Consolidation statements are prepared by the parent company if the parent company owes more than 50%…
Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…
A: Simple interest is the formula for determining interest with respect to the principal amount, time,…
Q: The following financial statements were drawn from the records of Thornton Shoes: Assets Cash…
A: Cash Flow Statement - Statement of Cash Flow shows the inflow and outflow of cash during the…
Q: Louis wins the Lottery and, after taxes, gets to keep $3 million. He quits his job, buys a house and…
A: Bankruptcy refers to the legal procedure through which the person or entities who could not repay…
Q: he balance sheets for Ehrlich Company showed the following information. Additional information…
A: Cash flow statement shows the cash inflow and cash outflow that is due to the operating activities,…
Q: A comparative balance sheet for Bell Ltd. is presented Dec 31/17 Dec 31/16 $ 42,000 $ 251,000…
A: The question asked to prepare the statement of cash flow. The statement of cash flow: The…
Q: The bookkeeper for Packard's Country Music Bar left this incomplete balance sheet. Packard's working…
A: The accounting equation states that assets equal to sum of liabilities and equity. The working…
Q: QUESTION 33 A company has an unfavorable direct labor rate variance and a favorable direct labor…
A: Answer:- Variance:- Variance is basically the difference between what a company planned to spend on…
Q: he following information was drawn from the year-end balance sheets of Thornton River, Inc. Account…
A: The cash flow statement is prepared to record the cash flow from various activities during the. The…
Q: 41) Dozen Corporation is owned equally by twelve unrelated individuals. Its taxable income this year…
A: It is the tax payable by the companies with retained earnings deemed to be unreasonable and more…
Q: Beginning Inventory, June 1 Purchase, June 8 Purchase, June 19 Inventory, June 31 Units 580 265 890…
A: The FIFO states that the first purchases are to be sold first. Under this method, the inventory…
Q: You are currently on work experience at CMAS Co-operative Ltd and the General Manager has asked your…
A: Impairment loss is the amount that represents a difference between the recoverable value of an asset…
Q: Magic Cleaning Services Unadjusted Trial Balance At December 31 Debit $430,900 158,000 111,000 2,400…
A: Adjusted Trial balance is the trial balance that is prepared after adjustment to ledger accounts…
Q: 21. Which statement about rebates is correct? a. Agents can only give rebates that are shown on the…
A: Option 1 is correct Agents can only give rebates that are shown on the rebate schedule they file…
Q: A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing…
A: Requirement:-a Preparation of a differential analysis dated July 31 to determine whether the company…
Q: 13 On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer to replace an…
A: the journal entry is passed by the company in order to record the various transactions and their two…
Q: On the first day of the fiscal year, a company issues $32,000, 11%, five-year installment notes that…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation…
A: Depreciation is the amount which is to be reduced from value of assets to recognise the normal…
Q: At the end of the current year, the accounts receivable account has a debit balance of $1,191,000…
A: Bad debts are the estimated receivables which are expected by the entity to remain uncollectible and…
Q: 16. A three-year project requires an initial investment of £100,000 and will produce positive net…
A: Sensitivity analysis is used to determine the most sensitive element or factor which influences the…
Q: Milligan's Millworks pays its employees weekly. Use the wage-bracket tables from Appendix C to…
A: The wages paid to employees are subject to withholding taxes. There exist two methods to determine…
Q: 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base…
A:
Q: urs the following: state income tax withholding, $12,000; property taxes, $9,000. His schedule A…
A: Deduction - A deduction is a cost that can be taken out of your taxable income to lower your tax…
Q: Required information [The following information applies to the questions displayed below.] Year 1…
A: Solution... Preferred dividend per share = par value per share * dividend rate * number of…
Q: Great Outdoors Company makes two types of camping tents. Making a standard camping tent requires 4…
A: Clearing the concept in this question: Manufacturing cost is allocated to the products based on the…
Q: mmy John Ltd has a customer loyalty programme that rewards a customer with one customer loyalty…
A: The following are the steps in the Revenue reconition process Step 1. Identify the contract Step 2.…
what are the possible causes of favourable Material usage variance
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)