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Gekata [30.6K]
3 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]3 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

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The annual demand for a product is 15,300 units. The weekly demand is 294 units with a standard deviation of 90 units. The cost
antiseptic1488 [7]

Answer:

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new safety stock = 331

331 = Z * 90 * √10

Z = 331 / 284.60 = 1.163

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3 years ago
You are the primary system administrator for a large Active Directory domain. Recently, you have hired another system administra
KengaRu [80]

Answer:

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Explanation:

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Accordingly for this, the company shall delegate with control wizard.

5 0
3 years ago
A firm has an equity beta of 1.2, the risk-free rate is 3.4 percent, the market return is 15.7 percent, and the pretax cost of d
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Answer:

0.82

Explanation:

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Using this formula

Firm's asset beta=Equity beta/(1+/D/E)

Let plug in the formula

Firm's asset beta=1.2/(1+0.47)

Firm's asset beta=1.2/1.47

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Therefore the firm's asset beta is 0.82

5 0
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A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries prop
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4 0
3 years ago
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Answer:

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Company's board of director decisions to increase the number of outstanding shares, by issuing more shares to current share holders : is referred to as Stock Split.

Stock Split decision effects the stock prices. It leads to decreased stock prices, as the number of outstanding shares has increased. The fall in price of stock : leads to reduced value of share capital, which is a part of Equity. So, it finally decreases the total owners equity on balance sheet

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3 years ago
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