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3 years ago

1. What was Karl Marx’s basic premise and belief?

1 answer:

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Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.

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1.How does a teacher maintain the quality of education. write in brief.

stiks02 [169]

Answer:

Explanation:

Simple Guidelines To Improve Teaching Quality and Effectiveness In The Classroom

Introduce technology in the classroom. ...

Personalise the learning experience of the students. ...

Involve Parents in The Classroom. ...

Empower students to be active learners.

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3 years ago

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

Lelechka [254]

Answer:

A)1192 A

B) 192 A

C) 1000 A

Explanation:

The Question is to Compute Simba Company's Total, Price, and Quantity materials Variances

1) Computation of material Cost Variance

= The Standard Cost - The Actual Cost of the material

= 1,500 units x 2 pounds = 3000 pounds

Standard Cost = 3,000 pounds x $5 = $15,000

Therefore material variance = $15,000 - $16,192 = 1192A

2) The material Rate Variance or the Price Variance

= (Standard Rate - Actual Rate) Actual Quantity

= Actual Rae = $16,192 / 3200 = $5.06

Material Rate Variance = (5- 5.06) x 3,200

= 192 A

3) The material Usage Variance or Quantity variance

= (The Standard Quantity - Actual Quantity) Standard Rate

Standard Quantity = 1,500 Units x 2 Pounds = 3000 pounds

Material Usage Variance = (3,000-3,200) 5

= 1000 A

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3 years ago

Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide ar

alex41 [277]

Answer:

Explanation:

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3 years ago

Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov

Ratling [72]

Answer:

a) The materials price variance 19026.33 unfav

b) Material Quantity Variance= $ 267 Unfav

c) Direct Labor Rate variance= $ 6127 Unfav

d) Direct labor Efficiency variance= 7710 Fav

e) Variable Overhead Rate Variance= 13099 fav

f) Variable Overhead Efficiency Variance= 3256.25 unfav

Explanation:

First We find the missing figures such as standard quantity ,hours allowed , actual price, rate. Then we list the formulae to use. After that we put in the values of the amounts in the formulae to get the results. Unfavorable variances are those in which the actual quantities are greater than the standard quantities or input .

Kropf Inc.

Given Standards

Direct materials 9.30 liters $ 8.90 per liter

Standard Quantity allowed = 9.3 * 11500= 106950 Litres

Direct labor 0.70 hours $ 25.70 per hour

Variable manufacturing overhead 0.70 hours $ 7.80 per hour

Standard Hours Allowed = $ 0.7 *11500= 8050

Actual Results Given

Actual output 11,500 units

Raw materials purchased 107,900 liters

Actual cost of raw materials purchased $ 979,500

Actual Price= Cost/ Purchases= $ 979,500/107,900 = $9.08

Raw materials used in production 106,980 liters

Actual direct labor-hours 7,750 hours

Actual direct labor cost $ 205,302

Actual Rate=$ 205,302 / 7,750 = $ 26.49

Actual variable overhead cost $ 55,414

Actual Overhead Rate= $ 55,414/7,750 = $ 7.15

Formulae to use

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Working

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

The materials price variance = ( $9.08*106,980 )- ($ 8.90 *106,980)

The materials price variance = (971148.38)- (952122)=19026.33 unfav

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($ 8.90 *106,980)-($ 8.90 *106,950)= $ 267 Unfav

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

Direct Labor Rate variance= ( 7,750*$ 26.49)- (7,750*$ 25.70)= $ 6127 Unfav

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

Direct labor Efficiency variance=(7,750*$ 25.70)-(8050*$ 25.70)= 7710 Fav

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

Variable Overhead Rate Variance=$ 55,414-( Actual Hours * Standard Variable Overhead Rate)

Variable Overhead Rate Variance=$ 55,414-(7,750*0.70 * $ 7.80)

Variable Overhead Rate Variance=$ 55,414- 42315= 13099 fav

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Variable Overhead Efficiency Variance= (7,750*0.70 * $ 7.80)- (7,750*0.70 * $ 7.15)=42315- 38788.15= 3256.25 unfav

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3 years ago

What does difficult to find finance mean?

WARRIOR [948]

a condition or state of affairs almost beyond one's ability to deal with and requiring great effort to bear or overcome. "grappling with financial difficulties"

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3 years ago