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
Mademuasel [1]
3 years ago
8

Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly s

killed labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pound per unit; $12 per pound Direct labor: 2 hours per unit; $18 per hour Oceanside produced 2,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were $98,700. What is the direct materials cost variance?
Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

The direct materials cost variance is $8,700 (Unfavorable)

Explanation:

What is the direct materials cost variance?

Actual Standarded Cost

Given 7.500*12

98700 90.000

Direct material cost variance =98.700 - 9.000 =$8,700 Unfavorable

You might be interested in
Assume that the number of hosts connected to the Internet at year 2010 is five hundred million. If the number of hosts increases
daser333 [38]

Answer:

3096 million is the number of hosts in year 2020.

Explanation:

The number of hosts connected to the Internet at year 2010 ,P= 500 million

If the number of hosts increases only 20 percent per year.

Rate at which host increasing per year = 20% =0.20

Number of times host increased per time period(here in per year) = n = 1

The number of hosts connected to the Internet at year 2020 = P'

Duration of time = 2020 year - 2010 year = 10 years

P'=P(1+\frac{R}{n})^{nT}

P'=500 million(1+\frac{0.20}{1})^{1\times 10}

P' = 3095.87 million ≈ 3096 million

3096 million is the number of hosts in year 2020.

8 0
4 years ago
According to the invisible hand theory, efficiency is dependent on the activity of interacting in free markets
AfilCa [17]

The invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.

<h3>What is invisible hand theory?</h3>

This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.

Hence, the invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.

Read more about invisible hand theory

<em>brainly.com/question/3078419</em>

#SPJ11

6 0
2 years ago
Read 2 more answers
You are an American, working for a US hospital. The hospital sells services to a French hospital. Given a depreciation of the Eu
sdas [7]

Answer:

translation exposure

Explanation:

Translation exposure is also known as translation risk. In this type of risk, the value of a company's assets, equities, income, or liabilities change due to changes in the exchange rate,

French subsidiary received a lesser income last year, although payment will be adjusted in US dollars as per the contract.

Due to this, the subsidiary has a balance sheet loss, although the consolidated global result is positive.

This type of foreign exchange risk is known as translation exposure.

6 0
3 years ago
A dominant strategy ________.
katrin [286]

Answer: Option B

                       

Explanation: In simple words, dominant strategy refers to the situation in which one strategy gives higher outcome to one player as compared to other player.

Under such a situation the dominant player gets an absolute advantage against his or her opponent and will get better results bio matter how hard and efficient the opponent plays.

For example- In computer industry Apple has a dominant strategy which they have earned out of the market experience and no matter how much other companies try, they can not break customer base of Apple.

4 0
3 years ago
Chris Co. produces sports equipment and is currently producing 1,000 mini long boards annually. A supplier has offered to produc
Radda [10]

Answer: $305

Explanation:

The avoidable production cost for Chris to produce one mini long board goes thus:

Unit Level Cost = $280

Add: Product Level Cost = $25,000 / 1000 units = $25

Then, the avoidable cost to produce one unit will be:

= $280 + $25

= $305

6 0
3 years ago
Other questions:
  • Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
    12·1 answer
  • As long as all sales requests are being met, a ______ inventory turnover ratio is better.
    14·1 answer
  • True or False?
    14·2 answers
  • M1 includesA) currency in circulation, savings account balances, checking account deposits in banks, and holdings of traveler's
    9·1 answer
  • If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, it re
    13·1 answer
  • Ron is taught to use a special numbers trick to check his final answer, but he does not demonstrate this skill until his end-of-
    11·2 answers
  • The transactions of Spade Company appear below. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common s
    13·1 answer
  • Julia needs to create a video presentation on her roles and responsibilities as a teacher and as an administrative head of two c
    7·2 answers
  • John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make t
    8·1 answer
  • Pam purchased video cameras for all of her employees so they can participate in ________.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!