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marin [14]
3 years ago
9

Goodard Inc. planned to use $156 of material per unit but actually used $147 of material per​ unit, and planned to make 1,140 un

its but actually made 900 units. The sales−volume variance for materials is​ ________.
Business
1 answer:
Gnesinka [82]3 years ago
8 0

Answer:

2700, favorable

Explanation:

To calculate the sales-volume variance for materials, we use the equation as follows;

Sales-volume variance for materials = (Actual Price - Standard Price)*Aqual Quantity

sales-volume variance for materials = (147-150)*900

sales-volume variance for materials = 2700 Favorable

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Tamarisk, Inc. purchased a delivery truck for $29,200 on January 1, 2020. The truck has an expected salvage value of $2,200, and
solmaris [256]

Answer:

1. $3375

$3375

2. $4347

$3456

3 $7300

$5475

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $29,200  - $2,200,) / 8 =  $3375

depreciation expense each year is  $3375

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  = 2/8 = 0.25

2020 = 0.25 x 29200 = 7300

2021 = 0.25x( 29200 - 7300)

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

8 0
3 years ago
What are three key pieces of information that you can retrieve from the new car labels?.
andreev551 [17]

The  three key pieces of information that you can retrieve from the new car labels are: exterior and interior color, engine and transmission combination, the model year and trim level of the vehicle.

<h3>What is labels?</h3>

Labels can be defined as a paper attach to a products or an item that contain information which help to describe a  products.

Them three key pieces of information that a person can tend to  retrieve from the new car labels are:

  • Engine and transmission combination
  • Exterior color and interior color
  • Car model year and trim level of the vehicle

Learn more about labels here:brainly.com/question/27992495

#SPJ1

4 0
2 years ago
A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distr
scZoUnD [109]

Answer and Explanation:

The computation of the present values of both alternatives is shown below:

For alternative one, the lump sum amount is

= Yearly payment × PVIFA factor at 8% for 12 years

= $50,000 × 7.5361

= $376,805

And, in the alternative 2, the lumpsum amount i.e. present value is $452,000

So as we can see that the alternative 2 is better as the lumspsum amount is high as compared with the alternative 1

5 0
3 years ago
The primary benefit of a MINIMAX objective function is
sladkih [1.3K]

Answer:

The correct answer is letter "C": it yields a larger variety of solutions than generally available using an LP method.

Explanation:

In Goal Programming (GP), the MINIMAX objective aims to minimize the maximum deviation from any type of objective. This approach carries a larger number of solutions compared to the Linear Programming (LP) method which mainly focuses on assigning more weight to each goal in the objective function.

4 0
3 years ago
A company issues 5%, 12-year bonds with a face amount of $70,000 for $64,070 on January 1, 2021. The market interest rate for bo
KIM [24]

Answer:

Date              Particular                                Debit         Credit

Jan 1, 2021    Cash                                      $64,700

                      Discount on bond payable  $5,930

                               Bond payable                                 $70,000

Jun 30,2021  Interest expense                   $3,882

                      Discount on bonds payable                  $2,132

                      Cash                                                          $1,750

Workings:

Semi annual interest payment = 70,000 x 5% x 6/12

= $1,750

Interest expense on June 30, 2021 = Carrying value of bonds x Market interest rate

= 64,700  x 6%

= $3,882

Discount on bonds payable amortized on June 30, 2021 = Interest expense - Interest payment

= 3,882 - 1,750

= $2,132

7 0
3 years ago
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