Foreign portfolio investment, which is simple people in one country investing in the assets of another country.
Answer:
A
Explanation:
A is the answer to the question
Answer:
Direct material price variance= $29,120 unfavorable
Explanation:
Giving the following information:
Standard: Direct materials 6 pounds $4.30 per pound $25.80
Actual= Jackson purchased 145,600 pounds of direct material at a total cost of $655,200.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 655,200/145,600= $4.5
Direct material price variance= (4.3 - 4.5)*145,600
Direct material price variance= $29,120 unfavorable
The total cost of the consulting job = (Indirect cost per hour + Direct cost per hour ) * Total hours
The total cost of the consulting job = ( $11 per hour + $60 per hour ) * 20 hours
= $ 71 * 20 = $ 1,420
Here , the Indirect cost per hour is $ 11 ( 7,700 / 700 )
Direct cost per hour is $ 60
And the total number of hours billed is 20
