To solve for the materials quantity variance, we have the formula below:
Materials Quantity Variance = (Actual Quantity Used * Standard Rate) - (Standard Quantity Allowed * Standard Rate)
The solution is shown below:
Materials Quantity Variance = ($9.20 - $9.00)*3400
Materials Quantity Variance = $680
The answer is $680.
Change the equation to y=-3x+1. this means the slope is -3, and the y intercept is 1. the line is dashed, and the area below the line is shaded.
Let the two segments be x and y
x+y=45...1
X/y = 2/3...2
From1, y=45-x
Sub this into 2
x/(45-x)=2/3
3x=90-2X
5x=90
x=18
y=45-18=27
To round to the nearest cent, nearest penny, or nearest hundredth, you will need to locate the hundredths place. Then look at the digit to the right. If it is 5 or above, the number in the hundredths place will be increased by 1 and all the rest of the numbers after it are dropped. If the number is 4 or below, you leave the digit in the hundredths place alone and drop all the rest of the numbers after.
<span>Just remember, if the problem asks you to round to the nearest hundredth, make the end result look like money, meaning only two digits after the decimal point!</span>
The first one should be correct.
