What should be the basic goal of a firm when it sets a level of output?

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni

yarga [219]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Direct material:

Standard Quantity= 6.8 pounds per unit

Standard cost= $3 per pound

Direct labor:

Standard hours= 0.40

Standard cost= $13 per hour

Direct material purchased= 13,200 punds

Direct material used= 11,880 pounds

Direct material cost= $2.90 per pound.

Production= 1,320 units

<u>With the information provided, we can only calculate the direct material price and quantity variance. We don't have the actual direct labor hours and costs.</u>

To calculate the direct material variances, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3 - 2.9)*13,200= $1,320 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6.8*1,320 - 11,880)*3

Direct material quantity variance= (8,976 - 11,880)*3= $8,712 unfavorable

5 0

2 years ago

To effectively communicate with a public, it is important to recognize that ________. all publics have overlapping organizationa

Novay_Z [31]

Answer:

all publics have their own special needs and require different types of communication

Explanation:

To effectively communicate with a public, it is important to recognize that all publics have their own special needs and require different types of communication

5 0

2 years ago

Process of tracking customer contacts and providing the customer with a price quote is

SashulF [63]

The correct answer is letter C. Pre-Sales

Pre-Sales is carried out before a producer managed to acquire customers, sometimes even before the products are being launch.

Usually customers get a significant amount of discount if they bought the product through pre-sales process, but they have to wait a little bit long before they got the products

4 0

2 years ago

Last year, Sams swimming pool cleaning had a gross profit of $105,355 and net income of $72,010. Calculate sams operating expens

Sindrei [870]

The answer is B. You subtract the profit and income and you should get 33,345.

6 0

2 years ago

Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward

lora16 [44]

Answer:

C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.

Explanation:

Swap transactions occur with negotiations based on the profitability of two goods, in relation to the profitability related to the value of a currency of a given location. As the currency value of these two goods can vary significantly, the traders involved in this process always seek to minimize currency exposure, as well as real cash rates. This gives space for bank brokers to use shortened laces notation, where future price predictions are considered.

3 0

2 years ago