1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not
ololo11 [35]

Explanation:

The preparation of bank reconciliation is presented below:

                                        Crane Company

                          Bank reconciliation statement  

                                        July 31, 2022

Particulars                    Amount   Particulars                     Amount

Bank cash balance     $9,222   Company cash balance  $9,328

Deposits in transit       $3,763   Collections                       $2,120

Less: Outstanding                      Less: service fee            -$53

Check                          -$1,590

Bank balance                                   Company balance

After reconciliation    $11,395      After reconciliation  $11,395

4 0
3 years ago
Becky’s daughter was in the sixth grade and growing very fast. In early fall, her daughter tried on her soccer cleats from the s
olga nikolaevna [1]

Answer:

Purchase decision process

Explanation:

A purchase decision process is defined as the thought process that goes into buying a certain product. This thought process include the buyer identifying a need, creating options, seeing different brands and then finally buying the product.

Purchase decision could be either minor or major. Purchasing things like tea, toothpaste, etc require minor decision processes while buying a house or piece of land involves major decision processes.

As in the question, Becky now has to under purchase decision process as to buying soccer cleats for her daughter. This decision will involve buying a brand that won't shrink as a result of weather changes or wear out easily, etc

I hope this helps.

5 0
3 years ago
question content area for the year ended december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies th
Oduvanchick [21]

Errors will have a $2,300 overstatement of net income on revenues, costs, and net income.

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income = Total revenue - total expenses

where,

Total revenue = Unearned revenue = $4,200

Total Expense = Supplies expense + insurance expense = $1,500 + $5,000 = $6,500

Net Income = Total revenue - Total Expenses = $4,200 - $6,500

Net Income = -$2,300

Therefore, there's an overstatement of $2300 in Net Income.

To know more about Net Income, refer to this link:

brainly.com/question/6391667

#SPJ9

6 0
1 year ago
The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the
Bond [772]

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

  • Migration
  • Birth

To learn more, please check: brainly.com/question/15133607

3 0
3 years ago
I am having to create a presentation about myself and i dont know what to do it about? I NEED YOUR HELP!!!!
In-s [12.5K]

Maybe talk about how you're life has been, or what you struggle with and wish to move on from it. Be creative ideas are endless! Or base it on a topic about your life. For example, if you've ever gotten bullied talk about how you felt through that time.

8 0
3 years ago
Read 2 more answers
Other questions:
  • As flat screen tvs enter the maturity stage, what could happen to profits for individual firms?
    7·1 answer
  • You can buy or sell the £ spot at $1.98 to the pound. You can buy or sell the pound one-year forward at $2.01 to the pound. If U
    13·1 answer
  • What type of database are organizations most likely to use for payroll, accounts receivable, inventory, and invoicing?
    7·1 answer
  • Stephen, the vice president of a private bank, promotes a stress-free work environment. He is concerned about his employees' wel
    6·1 answer
  • To be liable on a negotiable instrument, a person must:
    9·1 answer
  • Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
    5·1 answer
  • Suppose Company A places an order with Company B on May 12. On May 14, Company B ships the ordered goods to Company A with terms
    5·1 answer
  • Hill Enterprises wants to replace two old assembly machines with one new, more efficient assembly machine. The old machines are
    13·1 answer
  • ​"A set of logically related tasks or activities performed to achieve a defined business​ outcome" is the definition of A. suppl
    5·1 answer
  • Assembling project team and assigning their responsibilities are done during which phase of a project management?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!