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
SIZIF [17.4K]
3 years ago
15

In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials: Actual

production $ 103,500 units Direct materials purchased (actual) $ 1,643,800 Standard cost of materials purchased $ 1,556,500 Standard direct materials costs per unit produced 14.1 Standard price times actual amount of materials used $ 1,408,450 Required: Compute the direct materials cost variances. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Business
1 answer:
soldi70 [24.7K]3 years ago
8 0

Answer:

$36,400 U

Explanation:

Actual costs = $ 1,643,800

Actual inputs at standard price = $ 1,556,500

Price variance = ($ 1,556,500 – $1,643,800)

                        = $87,300 Unfavorable

Actual inputs at standard price = $ 1,408,450

Flexible budget (Standard Allowed for Good Output):

= $14.1 × 103,500

= $1,459,350

Efficiency variance = ($1,459,350 - $1,408,450)

                                = $50,900 Favorable

Direct materials cost variances:

=  Price variance - Efficiency variance

=$87,300 U – $50,900 F

= $36,400 U

You might be interested in
Which type of accounting information is intended to satisfy the needs of external users?
larisa86 [58]
Banking, Because how you deposit and withdraw will help you externally
7 0
3 years ago
how do free cash flows available for debt and equity stakeholders differ from free cash flows available for common equity shareh
Alik [6]

The value of free cash flows for common due to the fact that they are made up of funds available for distribution to shareholders as dividends. Alternatively, this is Distributable Cash.

Financing operations are excluded from the calculation of free cash flows to common equity owners if: the capital expenditures adjustments .Investors and business analysts value free cash flow because it indicates how much available cash your organisation has. They frequently evaluate your free cash flow to determine whether your business has the money to pay down debt, distribute dividends, and repurchase shares.Because it affects a company’s capacity to generate cash from operations, a company’s net income has a significant impact on its free cash flow.After all required capital investments and distributions to shareholders have been made, the remaining cash flow is known as free cash flow.Cash flow from operations less capital outlays is known as free cash flow to equity.The maximum amount that may be distributed to shareholders as a dividend is represented by FCFE.

To know more about Cash Flow visit:

brainly.com/question/22712257

#SPJ4

4 0
11 months ago
Which of the following would be a good opening statement to make to a new prospect as you visit for the first time with him?
bonufazy [111]

I think the answer is D

6 0
3 years ago
Read 2 more answers
EA12.
BaLLatris [955]

Answer:

$38,400

Explanation:

<em>1. Cash Purchases:</em>

The total purchases in the month of March is of $35,000.

It is given that 70% of Purchases are for cash.

Hence, 70% of $35,000 would be;

$39,000 x 0.70

$27,300

<em>2. Credit Purchases: </em>

Remaining Balance of Purchases from the month of February:

For the month of February Cash Purchases can be calculated as follows;

$37,000 x 0.70

$25,900

Remaining Balance to be paid in March for the month of February can be calculated as follows;

$37,000 - $25,900

$11,100

<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>

Cash Purchases = $27,300

Credit Purchases = $11,100

Hence;

<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases </em>

Cash Payment for purchases in March = $27,300 + $11,100

Cash Payment for purchases in March = $38,400

7 0
3 years ago
1. What does reconciling an account involve?
kondaur [170]

1. The answer is<u> "A. checking one's financial records against the bank’s".</u>


Reconciling an account frequently implies demonstrating or reporting that a record balance is right. For instance, we accommodate the parity in the general record account Cash in Checking to the equalization appeared on the bank articulation. The goal is to report the right sum in the general record account Cash in Checking. You will regularly need to modify the general record account balance for things showing up on the bank explanation that were not entered in the general record account.  


2. The answer is <u>"b. They last for a set period of time".</u>


A certificate of deposit (CD) is a funds declaration with a settled development date and indicated settled financing cost that can be issued in any category beside least venture necessities. A CD confines access to the assets until the point that the development date of the venture. Certificates of deposit are for the most part issued by commercial banks and are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per person.  


5 0
3 years ago
Read 2 more answers
Other questions:
  • Downsizing is a strategy that
    12·1 answer
  • The Engine Division provides engines for the Tractor Division of a company. The standard unit costs for the Engine Division are:
    6·1 answer
  • I need help making a resume badly I'm 15,I'm trying to get a job,I know I need a rresume​
    6·1 answer
  • received a cheque from Karim,being full settlement of the amount owing after allowing him a cash discount of 5%​
    6·1 answer
  • Adams Corporation owns and operates two manufacturing facilities, one in State X and the other in State Y. Due to a temporary de
    9·1 answer
  • When a company brings capital and/or technology to a host country, the host country benefits from the Group of answer choices re
    13·1 answer
  • A customer opens a new margin account with the following position:
    14·1 answer
  • According to your textbook, if the following statement occurred in the body of a speech, it would be an example of what kind of
    13·1 answer
  • An increase in demand and a decrease in supply, will lead to a(n) ________ in equilibrium quantity and a(n) ________ in equilibr
    6·1 answer
  • Which of the following best illustrates the purpose of labor laws?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!