Answer:
$7,140 unfavorable
Explanation:
The computation of the materials quantity variance for March is shown below;
We know that
Material Quantity Variance = Standard rate × ( Standard Quantity for actual production - Actual Quantity Used)
=$5.25 × ([4,800 units × 1.5 pounds per unit] - (10,700 - 2,140)
=$5.25 × (7,200 pounds - 8,560 pounds)
= $7,140 unfavorable
Answer:
You must pay a fine of not more than $4,000
Answer: -36
Explanation:
The 2018 cash from financing activities for Grove Analytics will be calculated as:
Issued short term debt = 22 - 20 = 2
Add: Issued long term debt = 60 - 48 = 12
Less: Purchase of treasury stock = 10
Add: Issue of common stock = (40 - 13 - 25) = 2
Less: Dividend paid = (44 + 93 - 95) = 42
Net cash used by financing activities = -36
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