The standard cost of Product B manufactured by Sheridan Company includes 2.2 units of direct materials at $6.10 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.90 per unit, and 27,200 units of direct materials are used to produce 12,000 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ $ $ Unfavorable Favorable Neither favorable nor unfavorable

Q: Do question 6

A: Balance sheet is a type of financial statements that show the financial balances of any company at…

Q: How do i do EX 12-3 & EX 12-4

A: Common stock:   These are the ordinary shares that a corporation issues to the investors in order to…

Q: Bnmm

A: Accounting system refers to the set of the processes of accounting which is integrated with the…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: section 1231 summary

A: Tax is the liability which has to be paid by the individual and the corporation to the Federal…

Q: Can solve question 4 to 7?

A: Salary of the Darnell Johnson = 63500Contribution by his employer toward the retirement plan = 6% of…

Q: AS36

A: The core principle in IAS 36 is that an asset must not be carried in the financial statements at…

Q: Please answer sections d), e) and f)

A: Debt Management Ratios are financial metrics that provide insights into a company's ability to…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: spatial distances

A: Spatial distance is actually the length of the path or straight line distance between two points. In…

Q: Explanation 1031 like-kind exchange

A:

Q: . What does "ADR" stand for? (just the full name-no explanation needed)

A: There are many investors in the US who wants to invest in the companies that are outside US…

Q: customers, durilng 33. İnferring cash flows from balance sheet and income statement data. (Based on…

A: Since we answer up to 3 sub-parts, we'll answer the first 3. Please resubmit the question and…

Q: What happened to questions 4 and 5?

A: 4.Margin of safety in revenue = Actual sales – Break-even sales= (35,000*5.90) – 88,382= 206,500 –…

Q: Could you answer question 4-7? Please

A: The total value of the goods still in stock in a company's inventory at the end of an accounting…

Q: In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

A: The Sarbanes-Oxley Act of 2002 seems to be a law approved by the United States Congress on July 30,…

Q: During August, 2021, a company produced 1,000 units of a product using 3,600 pounds of direct…

A: Answer) Calculation of Material Quantity variance Material Quantity variance = (Standard quantity of…

Q: What the agi

A: AGI means Adjusted Gross Income. It is the total income on which income tax payable would be…

Q: Please answer 4a above

A: Introduction:- Return on investment is calculated by dividing the net income on an investment by the…

Q: You didnt answer the question 4, 5 , 6

A: Under or Overapplied Overhead: When real manufacturing overhead expenses exceed allocated…

Q: 6, 7, and 8 are not answe

A: 4. What was the cost of goods manufactured for the year -$ 912,1005. What was the cost of goods sold…

Q: WHat ia 2 plus 2

A: Answer:

Q: E12.17

A: Retained earnings refer to the amount earned by the organization till the date of preparation of the…

Q: LO 7.4 Name the four main special journals.

A: Please see the next step for the solution

Q: Can you answer part 4

A: Stock beta = 1.38 Expected return = 13.6% Risk free rate = 4.7%

Q: An oil company executive is considering investing $10.1 million in one or both of two wells: well 1…

A: NPV It is the present cash inflows less the present values of cash out flows. If the cash inflows…

Q: A. For what values of x is f(x) NOT y 00 6 4 2 X -3-2-10 1 2 3 4 5

A: Step 1:So, how do you know if a function is differentiable?Well, the easiest way to determine…

Q: Answer Question 4

A: a. Prepare a bank reconciliation of Graser company at December 31, 2019 as shown below:

Q: What about requirement 4+5

A: Since only requirement 4 and 5 is asked I am not solving the 6th requirement.For solution one…

Q: P10.5

A: Accounting equation: Assets = Liabilities + Owners' equity

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.