Answer:
= $27,000 favorable
Explanation:
<em>Direct material price (cost) </em><em>occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.</em>
<em>Direct material efficiency( usage variance)</em><em> occurs when the actual quantity used used to achieve a given output is more or less than the standard quantity expected to achieve same.</em>
The Direct material total cost variance is the sum of the direct material price variance and the direct material usage variance.
So we can determine the total direct materials variance of the company as follows:
= 9,000 unfavorable + $36,000 favorable
= $27,000 favorable
Answer:
Option A Net revenues less cost of goods sold
Explanation:
The IASB sets the Financial reporting framework which states that the gross profit will be derived from the deduction of cost of goods sold from the Net revenues. So the correct option is Option A.
Answer:
$12000000
Explanation:
Cost of Goods sold is the cost of the unit sold which is incurred to produce / purchase that products. It is calculated by multiplying the Units sold with production cost per unit.
Calculate the numbers of units sold
Cost of Goods Sold = numbers of Unit sold x Production cost per unit
Cost of Goods Sold = 400,000 x $30
Cost of Goods Sold = $12,000,000
Answer:
Explanation:
Investment value in alpha = $10,000
Weight of alpha in total investment = 10%
Expected return:
= 11%×0.90+21.5%×0.10
= 12.05%
Beta of portfolio:
= 1.2×0.90+1.7×0.10
= 1.08+ 0.17
=1.25