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Zanzabum
4 years ago
6

The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per

kilogram. The production of the product in April was 870 units, but production had been budgeted for 850 units. During April, 8,200 kilograms of the raw material were purchased for $6,888. All raw materials purchased were used. The material quantity variance for April was:
Business
1 answer:
Likurg_2 [28]4 years ago
7 0

Answer:

Direct material quantity variance= $992 unfavorable

Explanation:

Giving the following information:

Standard quantiy= 8kg

Standard cost= $0.8 per kilogram

Production= 870 unit

8,200 kilograms of the raw material was purchased for $6,888.

To calculate the material quantity variance, we need to use the following formula:

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

Standard quantity= 870*8= 6,960kg

Direct material quantity variance= (6,960 - 8,200)*0.8

Direct material quantity variance= $992 unfavorable

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The competitive equilibrium rent in the city of Lowell is currently​ $1,000 per month. The government decides to enact rent cont
Zarrin [17]

Answer:

The answers are:

  1. For someone who is currently renting an apartment, he or she should be better off with rent control as long as they keep renting the same apartment. They will pay a lower price.
  2. For someone who is moving to Lowell, he or she will be worse off because the quantity supplied for apartments on Lowell will decrease (price ceilings always decrease the quantity supplied). So it will be very hard for him to find a suitable apartment.
  3. For the landlord that abides by the law, he will be worse off because he will lose money. He should be earning more money but due to the rent control, his earnings decrease.
  4. For the landlord that decides to ignore the, he will eventually be worse off by his actions, since illegal activities always have a sour ending. He will eventually be caught and will probably have to pay a fine of some sort.

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3 years ago
Porter’s competitive strategies of cost leadership and differentiation focus on ____ markets, while the cost-focus and focused-d
Artyom0805 [142]

Answer:

WIDE

NARROW

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Explanation:

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Differentiation refers to a firm's ability to create a good or service that is distinct from other product. This strategy leads to having or creating brand image, which allows the organization to sell its products or services at a premium

Cost leadership relates to a firm's ability to create economies of scale by producing a large volume of goods or service.

6 0
4 years ago
Sarah, the controller of a large beverage supplier, supervises two employees. Her boss, Vladimir, instructs her to increase the
DerKrebs [107]

Answer:

a) Sarah failed to evaluate a potential ethical issue

Explanation:

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The above concept is also referred to as window dressing of accounts.

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Thus, Sarah failed to evaluate a potential ethical issue when she blindly directed her staff to incorporate such changes.

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3 years ago
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Alborosie

Deliverable is any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project.

<h3>What is Deliverable?</h3>

A deliverable is a tangible or intangible good or service created as part of a project and intended for delivery to a customer. A deliverable may be a report, a document, a software product, a server upgrade, or any other component of a larger project.

Every deliverable has a cost: the total amount of time, money, and labor required to create and implement that deliverable (product or service, or its component). The cost per deliverable determines your project's budget.

Anything produced or provided as a result of a process is considered a key deliverable. When goals are met, deliverables are created, and when the overall project is completed, your key deliverable is completed.

To know more about Deliverable follow the link:

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6 0
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Answer:

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Explanation:

7 0
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