Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

Question

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Answer 1

Question

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

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a) Prepare the lease schedule for the Kaizen Limitedb) Prepare Kaizen’s journal entries for 2016 & 2017 c) If the lease agreement could be cancelled at any time without penalty. Would your answer in part a change? If yes, explain how and why.

Help me with Q4, the answer CANNOT BE THE FOLLOWING, AS I TRIED AND GOT AN INCORRECT ANSWER: 1353.6, 1360.8, 1332As per question, DO NOT ROUND ANY CALCULATIONS, AND ROUND ANSWER TO 2 DECIMAL

Please help me with the error in Q4

Answer 2

Question

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Expert Solution & Answer

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Answer 3

Question

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 6

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

Answer 7

Chapter 14, Problem 45P

1.

To determine

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

Answer 8

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 9

2.

To determine

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 10

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 11

3.

To determine

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 12

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 13

4.

To determine

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

Answer 14

Expert Solution & Answer

Answer 15

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Answer 16

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Answer 17

Ch. 14 - Prob. 1Q Ch. 14 - Explain how standard costs and flexible budgets...Ch. 14 - Explain what is meant by the term management by...Ch. 14 - Prob. 4Q Ch. 14 - Prob. 5Q Ch. 14 - Prob. 6Q Ch. 14 - Prob. 7Q Ch. 14 - Prob. 8Q Ch. 14 - Prob. 9Q Ch. 14 - Prob. 10Q

Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

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Calculate the direct material price variance at point of production and state whether the variance is favorable (F) or unfavorable (U).

Calculate the direct material usage variance and state whether the variance is favorable (F) or unfavorable (U).

Calculate “Pure” direct materials price variance and state whether the variance is favorable (F) or unfavorable (U).

Calculate direct materials joint price-quantity variance and state whether the variance is favorable (F) or unfavorable (U).

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Chapter 14 Solutions