1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gekata [30.6K]
4 years ago
11

Firecracker Company has developed the following standards for one of its products. Direct materials: 15 pounds × $16 per pound D

irect labor: 4 hours × $24 per hour Variable manufacturing overhead: 4 hours × $14 per hour The following activity occurred during the month of October: Materials purchased: 10,000 pounds costing $170,000 Materials used: 7,200 pounds Units produced: 500 units Direct labor: 2,300 hours at $23.60/hour Actual variable manufacturing overhead: $30,000 The company records materials price variances at the time of purchase. The direct materials price variance is
Business
1 answer:
Natasha_Volkova [10]4 years ago
7 0

Answer:

(-$10,000) Unfavorable

Explanation:

Direct materials:

Quantity = 15 pounds  

Standard price = $16 per pound

Actual price = Purchase Price ÷ Purchase quantity

                    = 170,000 ÷ 10,000

                    = 17

Material price variance:

= Actual purchase quantity × (Standard price - Actual price)

= 10,000 × ($16 - $17)

= 10,000 × (-$1)

= (-$10,000) Unfavorable

You might be interested in
How do businesses use the competency "Engaging Communication" to solve problems?
Whitepunk [10]
If you engage in conversation or to communicate this will help solve problems because your communicating if that makes sense
8 0
3 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
yanalaym [24]

Answer:

a)

Variable cost per unit=$10.08

Contribution per unit=$13.92

b)

Contribution margin ratio=58%

Variable cost ratio= 42%

c) Break-even units=3,000 units

Explanation:

Variable cost per unit

= 4.98 + 2.10 + 1.00 + 2.00 = $10.08

Variable cost per unit=$10.08

Contribution per unit = Selling price per unit - Variable cost per unit

                                  = 24 - 10.08  =13.92

Contribution per unit=$13.92

b)

Contribution margin ratio=  contribution/selling price= 13.92/24 × 100=58%

Contribution margin ratio=58%

Variable cost ratio = variable cost/selling price= 10.08 /24× 100 = 42%

Variable cost ratio=42%

c)

Break-even units = Total general fixed cost/contribution per unit

                           = (26,500 + 15,260)/  13.92     = 3000 units

Break-even units=3,000 units

3 0
3 years ago
Which career professionals are not required to have post-secondary education and instead typically learn through on-
Ksivusya [100]

Answer:

Sorters and Farmworkers.

Explanation:

Not for sure if this is the answer, BUT it most likely is.

6 0
3 years ago
Read 2 more answers
N the united states, the control of the money supply is the responsibility of the:____.
lutik1710 [3]

N the united states, the control of the money supply is the responsibility of the Federal Reserve System.

The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial crises led to a desire for centralized control of the monetary system to alleviate crises. financial crisis.

The Federal Reserve System provides the country with a secure, flexible, and stable monetary and financial system. The main functions of the Fed include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

Learn more about Federal Reserve System here: brainly.com/question/7798250

#SPJ4

8 0
1 year ago
The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step
Otrada [13]

Answer:

Select the course of action

Explanation:

Because it’s the next step after collecting relevant information and evaluating each alternatives

7 0
2 years ago
Other questions:
  • Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current as
    12·1 answer
  • A quorum to do business in either house of congress is whenever a is present
    15·1 answer
  • Starling Co. is considering disposing of a machine with a book value of $12,500 and estimated remaining life of five years. The
    5·1 answer
  • A third-grade class spends several weeks learning how to solve story problems (e.g., a girl buys three candy bars for 66 cents a
    8·1 answer
  • A registered representative receives an order from a corporate issuer to buy 500,000 shares of that issuer's stock in the market
    15·1 answer
  • Ace Credit Card Company agrees to transfer cash to Seller Company deposit of that company's credit card sales sales. If Seller C
    9·1 answer
  • Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
    11·1 answer
  • James is a family practitioner who graduated at the top of his class in medical school. He has run a successful practice for alm
    10·2 answers
  • How would define industry? What is the industry of a store that sells fishing poles
    12·1 answer
  • The two primary competitive levers that managers can use in order to answer the question of how to compete are.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!