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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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The answer is 2.5

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Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5

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Many universities provide physical or electronic bulletin boards to facilitate ride-sharing and exchange of used books among stu
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4 0
3 years ago
A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

so in this particular case that one year later there are 29 years to maturity so we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

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return=\frac{553.66}{627.73} -1

return=-11.8\%

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3 years ago
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3 0
3 years ago
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