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Rashid [163]
4 years ago
7

Which of the following statements is NOT true of a department in the merchandise classification scheme? it is the second level i

n the merchandise classification scheme. it is at a lower level than the merchandise group in the merchandise classification scheme. it is a level higher than classification in the merchandise classification scheme. the dmm, who manages the department, is responsible for several merchandise classifications. It is managed by a general merchandise manager (GMM).
Business
1 answer:
Eva8 [605]4 years ago
7 0
The first one is true I think
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Answer:

Results are below.

Explanation:

<u>To calculate the direct material price variance, we need to use the following formula:</u>

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

Direct material price variance= (5.05 - 5.1)*6,020

Direct material price variance= $301 unfavorable

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

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

Direct material quantity variance= (6,076 - 6,020)*5.05

Direct material quantity variance= $282.8 favorable

Standard quantity= 980*6.2= 6,076

<u>Finally, the total direct material variance:</u>

Total direct material variance= Direct material quantity variance - Direct material price variance

Total direct material variance= 282.8 - 301

Total direct material variance= $18.2 unfavorable

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3 years ago
In what way does a deductible help an insurance company?
hram777 [196]

Answer:

it lowers the payout the company has to make.

3 0
2 years ago
Despite zero population growth, why is the population of the United States growing?
vovangra [49]
People migrating from other countries couples having more than two babies 
7 0
3 years ago
Given the following data for Harder Company, compute cost of goods manufactured:
Slav-nsk [51]

Answer: Cost of goods manufactured = $520000

Explanation:

Given that,

Direct materials used = $120,000

Beginning work in process = $20,000

Direct labor = $200,000

Ending work in process = $10,000

Manufacturing overhead = $180,000

Beginning finished goods = $25,000

Operating expenses = $175,000

Ending finished goods = $15,000

∴ Cost of goods manufactured = Direct materials used + Beginning work in process + Direct labor - Ending work in process + Manufacturing overhead + Beginning finished goods -  Ending finished goods

= $120,000 + $20,000 + $200,000 - $10,000 + $180,000 + $25,000 - $15,000

= $520000

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3 years ago
Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental sub
VARVARA [1.3K]

Answer:

Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change.

Explanation:

Yes, regardless of whether we are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change. Because there is very strong interlink between the elements of an economy and there are interlinked quite perfectly as well. As we have two main parts of an economy which are organisations and households, which have coordination in three different types of markets which are goods and services, labor and financial market. Organisations sell their products to the households. Money taken from household is taken by firms. Organisation needs to have people in order to make their products so the money flows to the labor market simultaneously as well. Organisations put their savings and profits whit the financial institutions and in this way money flows and all of these factors are interlinked with one another.

4 0
3 years ago
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