Much of the time, tinnitus, or ringing in the ears, is caused by a treatable condition. Treating this underlying condition may help remove some or all of the ringing. Have your doctor remove earwax from your ear. Alternately, do it safely yourself.
1 Fiber Optic, Inc., investigates all variances above 10 percent of the flexible budget. 2  The flexible budget for direct materials is $50,000. 3  The direct materials price variance is $4,000 unfavorable and the direct materials quantity variance is $(6,000) favorable. Assuming a standard price of $5 per yard, prepare a journal entry to record the purchase of raw materials for the month. 2  The company used 39,000 yards of material in production for the month, and the flexible budget shows the company expected to use 40,800 yards.
On January 8 DenimWorks' Direct Materials Inventory is increased by the standard cost of $3,000 (1,000 yards of denim at the standard cost of $3 per yard), Accounts Payable is credited for $2,900 (the actual amount owed to the supplier), and the difference of $100 is credited to Direct Materials Price Variance. credit to the variance account indicates that the actual cost is less than the standard cost. After this transaction is recorded, the Direct Materials Price Variance account shows an overall credit balance of $190.