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monitta
4 years ago
6

Use the following to answer questions 8-10: Dudley, Inc. makes a single product which has the following standards: · Direct mate

rials: 2 kilograms at $4.30 per kilogram · Direct labor: 3 hours at $6 per hour · Variable manufacturing overhead: $19.50 per unit of output At the beginning of June there were no inventories. The following data pertain to June's operations: · Direct labor was $820,500 for 147,000 hours worked. · Direct material purchases were 110,000 kilograms for $485,000. · Variable manufacturing overhead incurred was $986,000. · 92,000 kilograms of direct materials were used. · The company sold 42,000 units at $130 each. · Variable manufacturing overhead is applied based on direct labor hours. · 46,000 units were produced during the year. 9. The material quantity variance is: A) $77,400 U B) $0 C) $14,800 F D) $14,800 U
Business
1 answer:
jeka944 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standards:

Direct materials: 2 kilograms at $4.30 per kilogram.

The following data pertain to June's operations:

Direct material purchases were 110,000 kilograms for $485,000. 92,000 kilograms of direct materials were used.

Standard= 92,000/2= 46,000 units

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (46,000 - 46,000)*4.30=0

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Answer:

1. Breast cancer is the fifth most common cause of cancer death - Positive statement

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3. Doctors should encourage women aged 60 to 69 to be screened for breast cancer - Normative statement

4. The government should force doctors to encourage women aged 60 to 69 to be screened for breast cancer - Normative statement

3 0
4 years ago
Niels owned three adjoining parcels of land in Arizona. Hannah wanted to buy one. Over dinner, the two sketched and signed this
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Answer:

Hannah will lose her suit.

Explanation:

Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.

7 0
4 years ago
During the past recession, Advanced Protection Systems created a __________ organization when it restructured and eliminated sev
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Answer:

Flat

Explanation:

Flat organizational structure

This structure of an organization is said to consist of may be just one top manager who is an owner or CEO of the company, managing a lot of other employees, all with equal levels of authority.Flat structures have fewer management levels, with each level controlling a broad area or group. It focus on empowering employees rather than adhering to the chain of command.

Advantages and Disadvantages of flat organizations

Advantage

There are fewer administrative costs because fewer management positions, easier for employees to project voice etc.

Disadvantages

It is said to be hard to develop vertically due to limited promotions, requires extensive trust etc.

6 0
3 years ago
I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following plann
mars1129 [50]

Explanation:

For DARK CHOCOLATE A. DIRECT LABOR RATE VARIANCE.= (Stadard Rate- Actual Rate) * Actual Hour DIRECT LABOR RATE VARIANCE.= (15.50-15.25) * 2360 DIRECT LABOR RATE VARIANCE.= $ 590 Favorable A. DIRECT LABOR TIME VARIANCE = ( Standard Hour - Actual Hour) * Standard Rate DIRECT LABOR TIME VARIANCE = (5000*0.50 - 2360) * 15.50 DIRECT LABOR TIME VARIANCE = ( 2500 - 2360) * 15.50 DIRECT LABOR TIME VARIANCE = $ 2170 Favorable A. DIRECT LABOR TOTAL VARIANCE= ( Standard Hour * Standard Rate - Actual Hour* Actual Rate) DIRECT LABOR TOTAL VARIANCE= ( 2500*15.50 - 2360*15.25) DIRECT LABOR TOTAL VARIANCE= $ 2760 Favorable For LIGHT CHOCOLATE A. DIRECT LABOR RATE VARIANCE.= (Stadard Rate- Actual Rate) * Actual Hour DIRECT LABOR RATE VARIANCE.= (15.50-15.80) * 6120 DIRECT LABOR RATE VARIANCE.= $ 1836 Unfavorable A. DIRECT LABOR TIME VARIANCE = ( Standard Hour - Actual Hour) * Standard Rate DIRECT LABOR TIME VARIANCE = (10000*0.60 - 6120) * 15.50 DIRECT LABOR TIME VARIANCE = ( 6000 - 6120) * 15.50 DIRECT LABOR.

8 0
3 years ago
You want to earn a return of 10% on each of two stocks, A and B. Each of the stocks is expected to pay a dividend of $4 in the u
emmainna [20.7K]

Answer:

The value of stock A is higher than the value of Stock B and option A is the correct answer.

Explanation:

The constant growth model values the intrinsic value of a stock based on a constant growth rate in the dividends paid by the stock. This is a part of DDM and it values a stock based on the present value of the expected future dividends from the stock.

The formula for price today under constant growth model is,

P0 = D1 / (r -  g)

Where,

  • D1 is the expected dividend for the next period
  • r is the required rate of return
  • g is the growth rate in dividends

<u />

We will calculate the P1 and discount is back one year to calculate the price today because we are given P1 and the constant growth rate applies from Year2 or D2.

<u>Stock A</u>

P1 = 4 * (1+0.06) / (0.1 - 0.06)

P0 = 106 / (1+0.1)

P0 = $96.36

<u />

<u>Stock B</u>

P1 = 4 * (1+0.05) / (0.1 - 0.05)

P0 = 84 / (1+0.1)

P0 = $76.36

<u />

Thus the value of stock A is higher than that of Stock B.

3 0
3 years ago
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