Information is stored in what type of object in a database?

Manipulation Manufacturing's (AMM) standards anticipate that there will be 5 pounds of raw material used for every unit of fini

gregori [183]

Answer:

price variance: 13,050 favorable

quantity variance: -1,760 unfavorable

Explanation:

standard quantity 5

standard price 1.1 per pound

actual quantity for 4900 units

$beginning \: inventory + purchases = ending \: inventory + used$

8000 + 25,500 -7,400 = 26,100 pounds

standard quantity 4,900*5= 24,500

actual price 15,300/25,500 = 0.60

standard price = 1.10

$price \: var = actual \: pounds(STD \: price - actual \: price)$

$26100(1.1 - 0.6) = 13050 \: favorable$

Because actual is lower than STD the company saved money spending. It is favorable.

$quantity \: var = STD \: price(STD \: quantity - actual \: quantity)$

$1.10(24500 - 26100) = - 1760 \: unfavored$

Because the company used more pounds than STD the quantity variance is unfavorable

8 0

3 years ago

Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number

IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= $Production\ in\ one\ hour\times No.\ of\ hours$

= $12\times 8$

= 96 gallons

The number of workers required to produce 960 gallons per day

= $\frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}$

= $\frac{960}{96}$

= 10 workers

6 0

3 years ago

Smith Wholesale budgeted sales price is $40 per unit for an budgeted sales volume of 5,000 units. The actual performance was 5,5

alex41 [277]

Answer:

$20,000 Favorable

Explanation:

As for the provided information, we have:

Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.

Formula for the above = (Actual Sales - Budgeted Sales) $\times$ Standard Price

= (5,500 - 5,000) $\times$ $40

= $20,000

This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.

Therefore, Sales Volume Variance = $20,000 Favorable

8 0

3 years ago

Product Pricing: Two Products Quality Data manufactures two products, CDs and DVDs, both on the same assembly lines and packaged

soldier1979 [14.2K]

Answer:

a) $1.85 per CD pack

$2.22 per DVD pack

b) profits for selling CDs = -$30,000

profits for selling DVDs = $130,000

Explanation:

Variable costs Fixed costs

Materials $200,000 $500,000

Other $250,000 $800,000

DVDs:

materials = $700,000 x 50% = $350,000 ($250,000 fixed)

Other = $1,050,000 x 60% = $630,000 ($480,000 fixed)

total = $980,000

CDs:

materials = $350,000 ($250,000 fixed)

Other = $420,000 ($320,000 fixed)

total = $770,000

Expected sales:

CDs 400,000 packs

DVDs 500,000 packs

since the company wants to earn $100,000 in profits, it should charge:

400,000X - $770,000 + 500,000Y - $980,000 = $100,000

400,000X + 500,000Y = $1,850,000

Y = 1.2X (we replace Y)

400,000X + 600,000X = $1,850,000

1,000,000X = $1,850,000

X = $1,850,000 / 1,000,000 = $1.85 per CD pack

Y = $1.85 x 1.2 = $2.22 per DVD pack

profits for selling CDs = ($1.85 x 400,000) - $770,000 = -$30,000

profits for selling DVDs = ($2.22 x 500,000) - $980,000 = $130,000

4 0

3 years ago

Sheffield Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 83,000 with terms 2/10 n/3

dezoksy [38]

Answer:

July 1

Dr r Accounts Receivable $83,000

Cr Sales Revenue $83,000

July 9

Dr Cash $81,340

Dr Sales Discount $1,660

Cr Accounts Receivable $83,000

Explanation:

Preparation of the required journal entries for Sheffield Co.

July 1

Dr r Accounts Receivable $83,000

Cr Sales Revenue $83,000

July 9

Dr Cash $81,340

[($83,000 -($83,000 *.02)]

Dr Sales Discount $1,660

($83,000-$81,340)

Cr Accounts Receivable $83,000

8 0

3 years ago