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Reptile [31]
3 years ago
5

A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If

10000 units of product were produced last month and 31250 pounds of direct materials were used, the direct materials quantity variance was
Business
1 answer:
Nimfa-mama [501]3 years ago
7 0

Answer:

Direct material quantity variance= $6,250 unfavorable

Explanation:

Giving the following information:

Standard:

3 pounds of direct materials at $5 per pound.

10,000 units of product were produced last month and 31,250 pounds of direct materials were used.

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

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

Direct material quantity variance= (3*10,000 - 31,250)*5

Direct material quantity variance= $6,250 unfavorable

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Eddi Din [679]

Answer:

Joining a Meetup group in your area allows you to pitch your products.

Explanation:

Such meet up enable one to showcase products to be sold, hence; pitch ones products

This increases the chances of increase in sales as wider customers would be met, thus; maximizes ones profit

8 0
3 years ago
Labor demand schedule not sure what that consists of
yKpoI14uk [10]

Answer:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.

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3 years ago
A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry
Triss [41]

Answer:

d.$24,000

Explanation:

Given that

Issuance of common stock = $32,000

Number of shares = 2,000 shares

Stated value per share = $12 per share

By considering the above information

The common stock would be credited for

= Number of shares × Stated value per share

= 2,000 shares × $12 per share

= $24,000

Hence, the correct option is d. $24,000

5 0
3 years ago
Carducci corporation reported net sales of $3.6 million, average total assets of $1.1 million, and net income of $847,000. The t
Marrrta [24]

CALCULATE TOTAL ASSETS TURNOVER :

TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS

                                            = 3.6/1.1

TOTAL ASSETS TURNOVER = 3.27 TIMES

In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.

An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.

Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

Learn more about ASSETS here

brainly.com/question/11209470

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4 0
1 year ago
16. GDP Growth Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2009 dollars) 2011 1
dmitriy555 [2]

Answer:

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

\frac{GDP1}{100}= \frac{GDP2}{x}

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{16,663.2}{100}= \frac{17,348.1 }{x}\\x=\frac{(100)(17,348.1}{16,663.2} \\x=4.29%

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{15,354.6}{100}= \frac{15,583.3}{x}\\x=\frac{(100)(15,583.3}{15,354.6} \\x=1.48%

To calculate the 2011 to 2012 we insert the values:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{ 15,020.6}{100}= \frac{15,354.6}{x}\\x=\frac{(100)(15,354.6}{ 15,020.6} \\x=2.22%

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

5 0
3 years ago
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