Answer:
Option (B) $3,570 unfavorable
Explanation:
Data provided in the question:
Direct materials standard (6 lbs. @ $2/lb.) = $ 12 per finished unit
Actual direct materials used = 243,000 lbs.
Actual finished units produced = 40,000 units
Actual cost of direct materials used = $483,570
Now,
Total direct materials variance
= Budgeted cost of direct material - Actual cost of direct materials used
= ( 40,000 × $12 ) - $483,570
= $480,000- $483,570
= - $3,570
The negative value depicts Unfavorable
Hence,
Option (B) $3,570 unfavorable
Answer: d. Mary's made her decision at the marginal because the considered the benefit and cost of one additional hour of playing the piano.
Explanation: Making marginal decisions or making decision on the margin involves making comparison between the cost and benefit attached to a particular behavior or involvement before making a decision. In the scenario above, the additional benefit attached to playing one more hour of piano and the cost incyrred by cutting reading hour by one hour was weighed and considered by Ben before finally making a decision. This means the decision was made on the margin.
Answer:
A. The total market value of steel used to produce car and total market value of car itself are summed
Explanation:
Double Counting refers to multiple inclusion of Intermediate goods' value in value of Final Goods . Final Goods are goods used for self consumption , investment & Intermediate Goods are goods used for further processing , further resale .
Eg : Farmer sold wheat to miller for 100 . Miller sells flour to baker for 150 (miller value added = 150 - 100 = 50) .Baker sells bread to consumers for 200 (baker value added = 200 - 150 = 50) . But ,Value of Bread (200) already includes value of flour (150) , which further includes value of wheat (100) and value added at each stage 50 each.
If including value of both final good (Bread) and intermediate good (Wheat , flour) : Bread value would be 100+150+200 = 450 which is much overvalued above real value 200, including all intermediate goods value , because of Double Counting of IC goods value in Final Good
Similarly : Steel used as Intermediate good to produce Final Good Car , if included in Car Value - will lead to Double Counting
Answer:
canva is a good one
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Answer:
= 32.7%
Explanation:
<em>Return on a stock is the sum of the dividends and the capital gains.</em>
<em>Capital gains = Sales value of stock - Cost of investment</em>
= (158.29 -150.68 )× 100
= 761
Dividends = 4.69 ×100
=469
Cost of investment =150.68 ×100
Return in %
= Total return / cost of stocks ×100
=(761 + 469)/ (150.68 ×100 ) ×100
=8.2% for 3 months
Annualized return
=( 8.2 %/3 ) × 12
= 32.7%
Annualized return= 32.7%