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
Delicious77 [7]
3 years ago
15

Imrie Corporation makes a product that uses a material with the quantity standard of 9.5 grams perunit of output and the price s

tandard of $5.00 per gram. In January the company produced 2,900units using 26,940 grams of the direct material. During the month the company purchased 28,900grams of the direct material at $4.90 per gram. The direct materials purchases variance is computedwhen the materials are purchased.The materials quantity variance for January is:A. $2,989 FB. $3,050 FC. $2,989 UD. $3,050 UThe materials price variance for January is:A. $2,755 UB. $2,890 FC. $2,890 UD. $2,755 F
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Standard Price = $5

Direct material (Actual Price) = $4.9

Actual Quantity Purchased = 28,900  

Materials price variance for January:

= (Standard Price - Actual Price) × Actual Quantity Purchased

= ($5 - $4.9) × 28,900

= $2,890 (Favorable)

Therefore, the materials price variance for January is $2,890 Favorable.

You might be interested in
Jim has an annual income of $180,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners i
MariettaO [177]

Answer:

$787,471.02

Explanation:

Given:

Jim's annual income = $180,000

Monthly property taxes = $140

Monthly homeowners insurance = $70

Monthly student loan payments = $178

Maximum front end DTI limit = 28%

Maximum back end DTI limit = 36%

Amortizing period = 30 years = 360 months

annual rate = 4.5% compounded monthly

Now,

Monthly salary = \frac{\textup{Annual income}}{\textup{12 months}}

or

Monthly salary = \frac{\textup{180,000}}{\textup{12 months}}

or

Monthly salary = $15,000

Maximum front end DTI limit

= (Maximum Monthly loan payment + monthly property taxes + monthly homeowner's insurance) ÷ Monthly income

0.28 × $15,000 = Maximum Monthly loan payment + $140 + $70

Maximum Monthly loan payment = $4,200 - $140 - $70

= $3,990

and,

Maximum back end DTI limit =

or

0.36 × $15,000 = Maximum Monthly loan payment + $140 + $70 + $178

or

Maximum Monthly loan payment = $5,400 - $140 - $70 - $178

= $5,012

Now,

The monthly payment = minimum of [ $3990, $5012 ]

therefore,

The monthly payment = $3,990

Thus,

The maximum amount of loan = Monthly payment × [\frac{(1-(1+\frac{r}{k})^{-kn})}{(\frac{r}{k})}]

here,

k = 12 when compounded monthly

n  = 30 years

r = 4.5% = 0.045

The maximum amount of loan = $3,990 × [\frac{(1-(1+\frac{0.045}{12})^{-12\times30})}{(\frac{0.045}{12})}]

or

The maximum amount of loan =  $787,471.02

8 0
3 years ago
Which of the following is an example of a shortage?
Lemur [1.5K]

Answer:

Consumers cannot find enough of a popular new toy in stores.

Explanation:

If there is a shortage, there is not enough supply for the demand.

3 0
3 years ago
Which of the following considerations is related to sociocultural
raketka [301]

This consideration is related to the socio cultural environment:

a.) A new business decides to begin with the city its owners live in

since they are familiar with the local geography and tax issues.

Explanation:

The socio cultural environment one is familiar with influences them in many ways.

This also includes their choice of place for where they will start the business simply because they know that domain much more and it will be easier to be effective in there.

This is the reason that people are often told to be in their familiar turf.

The new business will be able to use its full contacts and have an insight on what works and what doesn't because they operate from their own area.

8 0
3 years ago
Read 2 more answers
Larry Mitchell invested part of his $ 24 comma 000 advance at 4 % annual simple interest and the rest at 7 % annual simple inter
mariarad [96]

Answer:

Amount invested at 4% is $14,000

Amount invested at 7% is $10,000

Explanation:

Data provided in the question:

Total amount invested = $24,000

Total yearly interest = $1,260

Now,

Let the amount invested at 4% annual simple interest be 'x'

Thus,

the amount invested at 7% annual simple interest will be $24,000 - x

Total interest earned = Interest at 4%  + Interest at 7%

$1,260 = 0.04x + 0.07(24,000 - x)

or

$1,260 = 0.04x + 1680 - 0.07x

or

-420 = -0.03x

or

x = $14,000

Hence,

Amount invested at 4% is $14,000

Amount invested at 7% is (24,000 - 14,000) = $10,000

6 0
3 years ago
If joe and mary smith have money market accounts of $100,000, real estate holdings of $300,000, loans of $25,000, and investment
kirill115 [55]

Answer:410,000

Explanation: 100000+300000+10000

7 0
1 year ago
Other questions:
  • Why is the profit motive considered an incentive in a market system?
    12·1 answer
  • Determine the time necessary for p dollars to double when it is invested at interest rate r compounded annually, monthly, daily,
    11·1 answer
  • CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $375,00
    13·1 answer
  • A product's standard cost card specifies that a unit of the product requires 4 direct labor-hours. During September, 3,350 units
    15·2 answers
  • The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
    10·1 answer
  • Consumers might not realize that old spice health and wellness products and iams pet nutrition products are made by the same com
    15·1 answer
  • Diel entered into a written contract to sell a building to Stone. The contract was properly recorded. Stone breached the contrac
    6·1 answer
  • The marketing manager of Easy Peasy Vegetables is working on the package for a new line of self-steaming microwaveable vegetable
    15·1 answer
  • Can anyone share important questions on Managerial Information Systems??
    10·1 answer
  • Capital State University agreed to pay for Irene to attend their school and play lacrosse for their team. As part of their arran
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!