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bazaltina [42]
3 years ago
12

The Southside Corporation budgeted 4,400 pounds of direct materials to make 2,600 units of product. The company actually used 4,

800 pounds of direct materials to make the 2,600 units. The direct materials quantity variance is $1,500 unfavorable. What is the Standard Price (SP) per pound of direct materials?
Business
2 answers:
choli [55]3 years ago
7 0

Answer:

$3.75

Explanation:

The computation of the Standard Price per pound of direct materials is given below:-

Direct materials quantity variance = (Standard quantity allowed for actual production - Actual quantity) × Standard rate

= $1,500 U = (4400 - 4800) × Standard rate

= $1500 U = 400 × Standard rate

= Standard rate = $3.75

Therefore for computing the Direct materials quantity variance we simply applied the above formula.

garik1379 [7]3 years ago
5 0

Answer:

$3.75

Explanation:

As we already know that

Direct materials quantity variance = (Budged pounds of direct material  - Actual pounds of direct material) × Standard rate

$1,500 unfavorable  = (4,400 pounds - 4,800 pounds) × Standard rate

$1,500 unfavorable  = 400 × Standard rate

So, standard rate is

= $1,500 ÷ $400

= $3.75

We simply applied the above formula

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Willing to pay for the stock today is  $72.43.

Given values, Dividend = $1.85

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2 years ago
The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
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3 years ago
Active monetary policy
irinina [24]

Answer:

Active monetary policy

d. is the strategic use of monetary policy to counteract macroeconomic expansions and contractions.

Explanation:

  • The option a is not correct as when central banks purposefully choose to only stabilize money and prices levels through monetary policy, then this policy is called as passive monetary policy.
  • The option b is not correct as it has effect on the economy but not in long run.
  • The option c is not correct as when central banks take orders from the ruling party on how to conduct monetary policy then it is not an active monetary policy.
  • The option e is not correct as when central bank use only fiscal policy to try to influence the economy can or can't be active monetary policy.
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solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

  • All are non-manufacturing business which are as follows,
  • An auto body shop.
  • A furniture repair shop.
  • A laboratory that tests water samples for lead A tailoring shop.
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  • Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
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