The data collection method in that example is a focus group.
If a company has an unfavorable direct-material quantity variance, then any other above variance can occur.
The above judgment was made for the reason that variances are independent of direct material quantity variance and that all calculations are different. Because the total variance may be favorable or unfavorable, we also know that the total direct material variation is the sum of the material quantity and price variance. Direct labor efficiency variance in option (d) does not relate to material variance.
<h2>
What is unfavorable materials quantity variance?</h2>
Excessive usage of direct materials is indicated by a negative materials quantity variance. There are a variety of causes for the excessive use of direct materials, some of which include: purchase of inferior or inappropriate materials. recurring electricity outages (wastage may occur due to unscheduled stop and start of machinery and equipment)
<h2>Who is responsible for the direct materials price variance?</h2>
The production manager is in charge of monitoring excessive material usage. However, the purchasing department would be held accountable for the variation if the purchase manager made low-quality purchases to reduce the direct materials price disparity.
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Answer:
Explanation:
worker's production rate = 60/3 = 20units per hour
monthly capacity 160 x 20 = 3200 units.
capacity needed to produce 2000000 units
= 2000000/3200
= 625
therefore, since they already have 500 workers, they need to hire 125 more workers.
b) At the end of October they will have 2 million inventory.
c) Average inventory in each of the months has been listed in the attachment below.
Answer:
B) 5 percent decrease in quantity demanded.
Explanation:
The price elasticity of demand is defined as the ratio of the percentage change in quantity demanded to the percentage change in price.
Given:
Price elasticity of demand, e = 0.5
Change in price, p = 10%
e = change in quantity demanded, q/change in price, p
q = 0.5 × 10
= 5 %
Change in quantity demanded, q = 5%
Answer:
You will have to deposit today $21,277.
Explanation:
The excerpt is asking for the present value that you need to deposit today to have 30,000 in 8 years. The formula to calculate the present value is:
P= F/(1+i)^n
P= present value
F= future value= $30,000
n=number of years= 8
i= interest rate= 4.4%
P= $30,000/(1+0.044)^8
P= $30,000/(1.044)^8
P= $30,000/1.41
P= $21,277