1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixer [17]
3 years ago
10

The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at $6.9 per unit. During

June, 27,500 units of direct materials are purchased at a cost of $6.85 per unit, and 27,500 units of direct materials are used to produce 13,700 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.95 and the quantity purchased and used is 26,500 units. Total materials variance $ Materials price variance $ Materials quantity variance
Business
1 answer:
LekaFEV [45]3 years ago
3 0

Solution:

Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now,

Price variance is AQ(SP-AP), or 27,500($.2)=$5500 (This is favorable, since the materials were obtained at below average cost.)

Quantity variance is SP(SQ-AQ), or $6.9(-1000)= -$6900 (This is unfavorable, since more than the standard quantity was used.)

Total materials variance can be obtained two ways:

SQ*SP-AQ*AP, or totalling the two variances already calculated.

SQ*SP-AQ*AP = 189060 - 188375

SQ*SP-AQ*AP = 685

2.  Given information,

SP=$6.9

SQ=27400 (13,[email protected])

AP=$6.85

AQ=27,500

Now, price variance: AQ(SP-AP)= 27,500(6.9-6.85) =1375

Quantity variance: SP(SQ-AQ)=6.9(27,400-27,500)= -690

Thus total variance: -690

(Note that negative numbers are unfavourable, positive numbers are favourable.)

You might be interested in
A consumer's weekly income is $250, and the consumer buys 12 bars of chocolate per week. When weekly income increases to $280, t
Vikentia [17]

Answer:

0.69

Explanation:

Given that we have the formula for calculating income elasticity of demand as the percent change in quantity demanded divided by the percent change in income, hence, we have the percent change in quantity demanded => 13 - 12 = 1 ÷ 12 = 0.083

the percent change in income => 280 - 250 = 30 ÷ 250 = 0.12

Therefore we have => 0.083 ÷ 0.12 = 0.69

Hence, the final answer is 0.69

6 0
2 years ago
The public relations function can be handled by an internal public relations officer or department or by an external public rela
SVEN [57.7K]

The company leaders make the decision of who will handle various public relations activities.

<h3>What are public relations?</h3>

Public relations specialists work to change how the general public views their clients' brands, reputations, or images. Unlike advertisers, public relations specialists convince for or earn good talk about their clients or organizations.

Public relations experts employ a variety of strategies to achieve their goals and uphold the organization's favorable reputation in the public eye. These strategies can all be employed as a component of an effective public relations plan even if they each have various uses and overlap. When necessary, a skilled, qualified PR expert will make use of all of them or a mix of them.

Learn more about public relations here:

brainly.com/question/20313749

#SPJ4

7 0
1 year ago
The Sisyphean Company's common stock is currently trading for $25.00 per share. The stock is expected to pay a $2.50 dividend at
nalin [4]

Answer:

4%

Explanation:

The Gordon constant growth dividend model =

Value = dividend / cost of capital - growth rate

Subsisting with the values given in the question gives :

25 = 2.5/0.14 - g

To solve for g,

1. multiply both sides by 0.14 - g

25(0.14 -g) = 2.5

2. divide both sides by 25

0.14 - g = 0.10

g = 0.04 = 4%

6 0
3 years ago
Which person(s) should decide upon the problem statement the team will be working toward? The team’s leader
Basile [38]
<span>Which person should decide upon the problem statement the team will be working toward? All group members. All group members should be working towards the problem statement, problems, and anything resulting a team project. The project is in a team format for a reason, so that everyone works together.

</span>
8 0
3 years ago
Marie, a salesperson, uses a variety of statements and questions while trying to sell products to prospective buyers. She design
Thepotemich [5.8K]

Answer:

Option "C" is the correct answer to the following situation.

Stimulus Response Selling

Explanation:

Stimulus-Response Strategy- A marketing strategy that depends on the salesperson's freedom to say the right thing stimuli to get a favorable response from the buyer's answer, also referred to as the Canned Method because a template is widely used.

Marie uses a combination of statements and questions when trying to sell goods to potential buyers and tries to construct statements and questions so that the prospective buyer can receive beneficial responses.

4 0
2 years ago
Other questions:
  • Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
    7·1 answer
  • Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year a
    10·1 answer
  • When a company collects the face value of a​ long-term investment in bonds at​ maturity, ________.
    8·1 answer
  • Nicholas bought land from Meredith for $150,000. Nicholas paid $50,000 cash and gave Meredith an 8% note for $100,000. The note
    10·1 answer
  • What is new marketing ?
    5·1 answer
  • The rent for a one-bedroom apartment in Southern California follows the normal distribution with a mean of $2,200 per month and
    5·1 answer
  • HR creates the company’s first performance appraisal system. Managers are required to review employee productivity at least once
    13·1 answer
  • What are the five economic lssues??​
    15·1 answer
  • What are examples of financial goals? Check all that apply.
    12·2 answers
  • The penalty for nonqualified distributions from a health savings account (HSA) is __________.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!