Answer:
Give me a sec. Imma solve it out.
Explanation:
Answer:
a
Explanaton:
finance has to do with investing
Answer:
standard price= $5
Explanation:
Giving the following information:
Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs.Direct materials quantity variance-unfavorable $1,000Direct materials price variance-unfavorable $1,500.
Direct material price variance= (standard price - actual price)*actual quantity
-1,500= (SP - 5.5)*3,000
15,000=3,000SP
5= standard price
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (1400*2 - 3,000)*5
Direct material quantity variance= 1,000 unfavorable
There are the need to produces goods. The three core economic choices that confront every nation are;
- What to produce with our limited resources
- How to produce the goods and services we select
- For whom goods and services are produced.
<h3>The core choices" that plaques every nation?</h3>
These questions are linked to the uses of resources. It often as;
- What a nation is to produce.
- How they are to go about the production process.
- Who are their target consumers.
When all these are answered, the production process can take place.
Learn more about resources from
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