Answer:
Direct material quantity variance= $2,170 unfavorable
Explanation:
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (2*5,000 - 10,310)*7
Direct material quantity variance= $2,170 unfavorable
Answer:
a. $9,338
b. 0.363
Explanation:
a. Contribution Margin = Sales - Variable Cost
Where Sales = $25,700
Variable Cost = Food & Packaging + Payroll + 40% x General, Selling and Administrative expenses
V.C. = 8,982 + 6,500 + 40% * 3,700
V.C = 8,982 + 6,500 + 1,480
= $16,362
Therefore, Contribution Margin = Sales - Variable Cost
= $25,700 - $16,362
=$9,338
b. McDonald's contribution margin ratio = Contribution Margin / Sales
= $9,338 / $25,700
= 0.363
Answer:
CIOMS International Ethical Guidelines for Biomedical Research Involving Human Subjects
Explanation:
International Ethical Guidelines for Health-related Research Involving Humans are prepared by the Council for International
Organizations of Medical Sciences (CIOMS) in collaboration with the World Health Organization (WHO) . The ethical justification for undertaking health-related research involving humans is its scientific and social value: the prospect of generating the knowledge and the means necessary to protect and promote people’s health. Patients, health professionals, researchers, policy-makers, public health officials, pharmaceutical companies and others rely on the results of research for activities and decisions that impact individual and public health, welfare, and the use of limited resources. Therefore, researchers, sponsors, research ethics committees, and health authorities, must ensure that proposed studies are scientifically sound, build on an adequate prior knowledge base, and are likely to generate valuable information.
Answer:
$8.93
Explanation:
The payment made to the stockholders is known as dividend.
Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.
In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.
Price of the share = Dividend / Cost of Capital = $8.93
Price of the share = $1.25 / 14% = $8.93