Answer:
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
Explanation:
Volume variance
std quantity 2800.00 (1,400 units times 2 pounds per unit)
actual quantity 3000.00
std cost ??
difference -200.00
efficiency variance $(1,000.00)
-200 x Std cost = -1,000
Standard cost = -1,000/-200 = 5
The standard cost is $5 per lbs
each units uses 2 lbs, so the unit stadard cost is $10
Because then there will be a limited amount of supplies and resources on Earth, so the value will be rare and expensive.
Answer:
The sell will generate a loss of $6,000.
Explanation:
Please find the below for detailed calculations and explanations:
- The equipment's net value at the time of disposal is equal to: Book value of the equipment - The accumulated depreciation of the equipment = 60,000 - 28,000 = $32,000;
- The gain/(loss) on the disposal of equipment is equal to: Sell price of the equipment - The equipment's net value at the time of disposal = 26,000 - 32,000 = $(6,000)
Thus, Tulip Corporation's disposal of the equipment at Dec 31st 2019 makes a loss of $6,000.
Answer: This scenario demonstrates the PERISHABILITY quality of services.
Explanation: A Service Organisation can be defined as an organisation that practice the provision of such a service as economic activity.
Some of the qualities of Services include; variability; perishability; heterogeneity etc.
The perishability quality of service refers to the fact that services cannot be stored, warehoused, or inventoried and, therefore, are perishable.
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