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3 years ago

5

An example of an externally identified problem would be management voicing concern about the organization's lack of a competitiv

e edge in the marketplace.
a. True

b. False

1 answer:

asambeis [7]3 years ago

8 0

Ihope it helps you

ithink the answer is true !!!

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Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a se

Ket [755]

Answer:

Material Price Variance= $301 Unfavorable

Material Quantity Variance= $283 Favorable

Total direct materials variance for oil for June $ 18 Unfavorable

Material Price Variance= $305 Unfavorable at the time of purchase

Explanation:

Guillermo's Oil and Lube Company

Actual number of oil changes performed: 980

Actual number of quarts of oil used: 6,020 quarts

Actual price paid per quart of oil: $5.10

Standard price per quart of oil: $5.05

Material Price Variance= (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

Material Price Variance= ($5.10 *6,020)-($5.05 *6,020)= $ 30702- $ 30401

Material Price Variance= $301 Unfavorable

Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($5.05 *6,020)-($5.05 *6.2 * 980)=($5.05 *6,020)-($5.05 *6076)

Material Quantity Variance=$ 30401-30683.8= 282.8

Material Quantity Variance= $283 Favorable

Total direct materials variance for oil for June=$301 Unfavorable- $283 Favorable= $ 18 Unfavorable

3. Material Price Variance= (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

Material Price Variance= ($5.10 *6,100)-($5.05 *6,100)= $ 31110- $ 30805

Material Price Variance= $305 Unfavorable

8 0

3 years ago

4. Which of the following is false?

KatRina [158]

Answer:

D

Explanation:

7 0

3 years ago

If Tex's Manufacturing Company purchases the component externally, $20,000 of the fixed costs can be avoided. At what external p

Delvig [45]

Answer:

$210,000

Explanation:

The computation of the external price is shown below

Making cost = buying cost

$120,000 + $25,000 + $45,000 + $30,000) = external price + Unavoidable fixed cost (30,000-20,000)

$220,000 = External price + $10,000

So,

External price = 210,000

Hence, the same is to be considered

Therefore the external price is $210,000

5 0

3 years ago

Mr. & Mrs. Dart own a majority of the outstanding capital stock of Wall Corp., Black Co., and West, Inc. During 2010, Wall a

weqwewe [10]

Answer:

The amount that would be reported as receivables from affiliates is $0.

Explanation:

Here Mr and Mrs Dart owns a majority of shares of Wall corp, Black co, and West inc. In 2010 , wall made advanced cash to black($50,000) and west($80,000) and also west made advance to black($70,000).

While preparing the combined balance sheet for all these company's , any amount of account receivables will not be included because preparing a combined balance sheet is same as making consolidated balance sheet , were any inter company profit or losses , account receivables and payable are not included in the balance sheet , so therefore the amount that would be reported as receivables from affiliates is $0.

7 0

3 years ago

Excess return portfolio performance measures

Crank

Answer:

The answer would be E

Explanation:

Excess return, also known as alpha, is a measure of how much a fund has under or outperformed the benchmark against which it is compared.

metric allows investors to compare sets of funds against each other, in order to see which fund has generated greater excess returns.

8 0

3 years ago