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Reptile [31]
4 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]4 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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Your highness, caught you sippin' on lean

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2 years ago
One of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or recei
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Answer:

Future value

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4 0
4 years ago
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Nenn Co.'s allowance for uncollectible accounts was $190,000 at the end of 2017 and $180,000 at the end of 2016. For the year en
Svetradugi [14.3K]

Answer:

$ 21,000

Explanation:

To determine the answer we need to preoare a movemnet of the account for uncollectible account.

Opening balance - Allowance for uncollectible accounts           $ 180,000

Add: Bad debt expense for the year                                             <u>$   21,000</u>  

Available balance of Allowance for uncollectible accounts        $  201,000

Less: Closing balance - Allowance for uncollectible accounts    <u>$  190,000</u>

Actual bad debts written off                                                          $ 21,000

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8 0
3 years ago
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fgiga [73]

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A useful guideline in designing strategy-facilitating policies and operating procedures is: to prescribe enough policies to give organizational members clear direction in implementing strategy and to place reasonable boundaries on their actions, then empower them to act within these boundaries however they think makes sense.

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Answer:

the correct answer is "Mobile Banking".

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