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Zanzabum
3 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]3 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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Natali [406]

Answer: Option(B) is correct.

Explanation:

Money is a term or instrument that is generally used in making transaction of goods and services. Individuals use money as a medium of exchange, unit of value and for making standard deferred payments. It is easy to store money. We can easily measure the value of goods and services in terms of money. Now days, money is normally utilized as a medium of exchange.

5 0
3 years ago
Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-yea
iren2701 [21]

Answer:

Explanation:

Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 12 percent.Year Project F Project G0 –$ 126,000 –$ 196,000 1 64,500 44,500 2 45,500 59,500 3 55,500 85,500 4 50,500 115,500 5 45,500 130,500 Required:(a) Calculate the payback period for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)Payback period Project F years Project G years(b) Calculate the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)Net present value Project F $ Project G $ (c) Which project should the company accept?

3 0
3 years ago
Assume that a company makes only three products: Product A, Product B, and Product C. Currently, the company uses a conventional
VikaD [51]

Answer:

Company A

Using the activity-based costing approach, the percent of the company’s total Material Handling activity cost that would be allocated to Product B is:

 

d. 33%

Explanation:

a) Data and Calculations:

                                               Product A   Product B    Product C   Total Use

Number of units produced   1,000 units  7,000 units 2,000 units   10,000

Direct labor hours per unit        2 hours        2 hours       2 hours            6

Number of setups                  30 setups    50 setups   20 setups        100

Number of material moves  600 moves 400 moves  200 moves    1,200

Number of products                1 product     1 product     1 product           3

Product B usage of Material Handling Activity Cost:

Allocation Basis = Number of material moves

Product B material moves = 400

Total material moves = 1,200

Therefore, the percentage of Product B usage of material handling activity is:

= 400/1,200 * 100

= 33%

6 0
3 years ago
The purchase of established firms abroad with the goal of using the existing production, marketing, and distribution networks an
lesya [120]

Answer:

Foreign acquisition

Explanation:

8 0
2 years ago
Williamson Industries has $7 billion in sales and $2 billion in fixed assets. Currently, the company's fixed assets are operatin
In-s [12.5K]

Answer: Williamson industries would have obtained $7.78 billion in sales

Explanation: According to the question, the company is having a total of $2 billion in fixed assets. The fixed assets are currently operating at 90% (0.9) of its total capacity. At his level, the company is able to achieve a sales figure of $7 billion. The implication is as follows;

Fixed assets (at 100%) = 2 billion

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If the company utilizes $1.8 billion to achieve a $7 billion sales figure, then operating at full capacity (100%) would yield the following;

7/x = 90/100

(Where x equals sales level at 100% capacity)

7/x = 0.9

Cross multiply

x = 7/0.9

x = 7.7777...

x ≈ 7.78

Therefore, if Williamson Industries had been operating at full capacity, it would have obtained a sales level of $7.78 billion

3 0
3 years ago
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