All categories

2 years ago

An unfavorable materials quantity variance indicates that:.

1 answer:

3 0

An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

<h3>What do you mean by material quantity variance?</h3>

The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.

The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.

Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

Learn more about Material Quantity variance here:

brainly.com/question/15082996

#SPJ1

You might be interested in

An environmentally, friendly 2,800 square-foot green home (99% air tight) cost about 8% more to construct than a same-sized conv

Sindrei [870]

Answer:

2121.566 will be saved

Explanation:

Extra cost=8%

Saving per year=15%

Extra Cost of home=250000*0.08=$20000

Let the energy saving required per year to justify the home=x

Extra cost paid = P.v of energy saving

20000=x*Annuity factor(10%@30 years)

20000=x*9.427

X=2121.566

6 0

2 years ago

A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $8

slava [35]

Answer:

3) $704,000

Explanation:

The procedure will be as follow:

Based on the company's inventory we will determinate the purchases.

And then, with the account payable balance, the cash payment

<u>First, purchases amount:</u>

beginning inventory + purchase = ending inventory + COGS

200,000 + purchase = 188,000 + 720,000

<em>purchases</em> = 720,000 + 188,000 - 200,000 = 708,000

<u>Now, we solve for payment to suppliers</u>

begging AP + purchase - payment = ending

80,000 + 708,000 - payment = 84,000

payment = 80,000 + 708,000 - 84,000

payment= 704,000

8 0

2 years ago

McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions.

S_A_V [24]

Answer:

$10,000

Explanation:

Given that:

McLin holds $90,000 of AEP, this implies what is salary is made of;

Tobias, the sole shareholder, has an adjusted basis of $80,000 in his stock.

Tobias is paid a $90,000 salary income.

Ignore the 20% QBID

We are to determine the tax aspects of the transactions

Since the company receives a $90000 for salary expense. Thus Tobias basis is zero, then :

The tax aspect of the transaction is : ($90000 - $80000)

The tax aspect of the transaction = $10,000

7 0

3 years ago

Assembling project team and assigning their responsibilities are done during which phase of a project management?.

Finger [1]

Assembling a project team and assigning their responsibilities are done during the project initiation phase of project management.

Project management is an important part of achieving an objective, and is relevant in all spheres, from businesses, to social work, to sports, and education. Projects have a definite time frame for completion and therefore a lifecycle. There are distinct phases in executing a project.

The first phase is the project initiation phase. Here, decisions on the need and significance of the project are taken. Feasibility, viability, and practicality are important. The project charter is drawn up, targets are set, and responsibilities are allocated.

To learn more about phases of project management: brainly.com/question/14522044

#SPJ4

3 0

1 year ago

The city of Jacksonville, Florida is issuing $100,000,000 of general obligation bonds paying interest on January 1st and July 1s

Yuri [45]

Answer: Odd first interest payment

Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.

5 0

2 years ago