Ruth has a home office that she shares with her husband, Barret. She keeps track of her business profits and expenses in several
1 answer:
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Answer:
Total Material Variance = $10,060 Unfavorable
Explanation:
Provided Information,
Standard budgeted unit of raw material = 1 yard
Standard price per unit = $91.00
Actual price per yard = $91.00
Actual units produced = 4,600
Actual yards of plastic used = 4,660 yards
Standard yards for actual production = 4,600 1 yard = 4,600
Total Material Variance = Standard Cost for actual output - Actual Cost
Standard Cost = 4,600 $90 = $414,000
Actual Cost = 4,660 $91 = $424,060
Total Material Variance = $414,000 - $424,060 = - $10,060
Since value is negative as actual cost is more than budgeted, the variance is unfavorable.
Final Answer
Total Material Variance = $10,060 Unfavorable
Answer:
$135000
Explanation:
Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100
Dividend paid= $375000.
Now, calculating preferred stock.
Preferred stock=
∴ Preferred stock= $80000
Cumulative dividend paid to shareholder=
∴ Cumulative dividend paid to shareholder= $240000
Next, computing the amount of dividends will common stockholder receive.
Total dividend paid= $375000.
Dividend received by common stockholder=
⇒ Dividend received by common stockholder=
∴ $135000 dividend will be received by common stockholder.