Answer:
Instructions are listed below
Explanation:
Giving the following information:
Inc. produced 1,000 units of the company's product in 2016. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $ 1.40 per yard. The accounting records showed that 2,400 yards of cloth were used and the company paid $ 1.45 per yard. Standard time was two direct labor hours per unit at a standard rate of $ 9.75 per direct labor hour. Employees worked 1, 900 hours and were paid $ 9.25 per hour.
1) Standard costs are beneficial because they set a limit on which to perform. It gives a route to follow and an objective to achieve.
2) Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (1.40 - 1.45)*2,400= $120 unfavorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (3yards*1000units - 2400)*1.40= $840 favorable
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (2hours*1000 units - 1,900)*9.75= $975 unfavorable
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance= (9.75 - 9.25)*1900= $950 favorable
I believe the answer is either A or B. I think it is B but could totally be A. Sorry if I was wrong. Hope I help.
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Pay the minimum on all of your debts, except for the smallest one, until it is paid off, then apply the paid-off debt's payment to the next debt on the list, continuing to "snowball" payments toward each larger debt. In order to pay off your debts, arrange them in order from smallest to largest.
Why is it that people who don't pay with cash are more likely to spend too much?
When compared to cash, credit card users typically spend more. They are not only more likely to make more impulse purchases and give larger tips, but they are also more likely to buy something at a higher price.
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Hello there.
<span>When the investor owns more than 50% of the voting common stock of the investee, the investee is considered to be under the legal control of the investor.
True.</span>