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
igor_vitrenko [27]
3 years ago
15

A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @ $7 per lb.) 39,400 lbs

. @ $7.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 23,100 hrs. @ $16.40 per hr. Overhead (3 hrs. @ $12 per hr.) $ 286,500 Units manufactured 7,800 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.
Business
1 answer:
Alinara [238K]3 years ago
4 0

Answer:

price variance      3,940 U

quantity variance 2,800 F

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost          $7.00

actual cost  $7.10

quantity      39,400

(7 - 7.10) \times 39,400 = DM \: price \: variance

difference                  $(0.10)

price variance  $(3,940.00)

The difference between std cost and actual cost is negative, we purchased at a higher cost. the variance is unfavorable.

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity         39,000.00 (7,800 manufactured units x 5 lbs per unit)

actual quantity 39,400.00

std cost                       $ 7.00

(39,000 - 39,400) \times 7 = DM \: quantity \: variance

difference             -400.00

quantity variance $ (2,800.00)

We used more lbs than our standard for the output. This means we are not efficient in the use of materials. this variance is unfavorable as well

You might be interested in
Paul says to Miguel, "Did you get an interview with Bubbling Creek Realty? They haven't called me." Miguel does not want to tell
andrey2020 [161]

Answer:

changing the subject                                

Explanation:

In simple words, changing the subject refers to the method of privacy setting under which an individual  who does not want to take about a particular issue with the other tries to persuade the other by starting a new topic which might be more interesting.

That issue could be of more importance to the other individual or he or she might be an expert who will get the chance to show their knowledge. This technique is more effective withe hyper active people who talk a lot.

4 0
3 years ago
Read 2 more answers
If you were to join the military, which one will you join?
inna [77]

Answer:

<h2>A. Navy</h2>

Explanation:

<h3>"<u>If</u>" you were to join the military, which one will you join? </h3><h3 /><h3 /><h3>so I can raid more Osama Bin Ladens</h3>
7 0
3 years ago
Read 2 more answers
Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A
notsponge [240]

Answer:

$100 in bank A

$900 in bank B

Explanation:

Since the required reserve ratio is 10%, then bank A can lend up to 90% of the funds to bank B, and must keep the remaining 10%.

  • bank A = $1,000 x 10% = $100
  • bank B = $1,000 x 90% = $900

If bank B borrowed the money to another client, then they would be able to borrow $900 x 90% = $810, and they should keep $90 as reserves.

5 0
3 years ago
Which of these savings/investing options has the highest risk
Pavlova-9 [17]

Answer:

STOCKS

Explanation:

US government bond is a government security, therefore the government print more money to pay those who invest in it.

In addition bondholders are creditors of a corporation.

Stockholders, are part owners of a company. In case of bankruptcy, bondholders are given priority.

Savings accounts are protected by the Federal Deposit Insurance Corporation (FDIC) provisions.

Money market accounts are a safe investment because they are insured by the FDIC.

Therefore the investment option that has the highest risk is stocks.

7 0
3 years ago
What can students do with their recorded data in Science Journal?
alina1380 [7]

Answer:

B. Review recorded graphs and individual data points

C. Make their data audible

D. Share and export experiments and sensor recordings

Explanation:

The Science Journal application refers to the scientific journal at the digital platform that helps users to record projects using pictures, notes, and built-in sensors from the phone of the user. While setting up a new experiment it provides the opportunity to document one's thoughts and findings as he or she begins to ask queries and to come up with their own investigations. Its user-friendly features use sensors and recorders of telephones in an efficient way.

3 0
3 years ago
Other questions:
  • At the beginning of the day, the dow jones index was at $10,287.56. at the end of the day, the dow jones index was at $10,005.23
    11·1 answer
  • If you are a project manager and have the choice of forming your core team either before or after charter approval, which would
    12·1 answer
  • Study the following transactions . Journalize the transactions in a two-column journal, using the appropriate number to identify
    12·1 answer
  • Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False
    8·1 answer
  • One of the purposes of the US judicial system is to _____.
    11·2 answers
  • In the world of marketing, _____ are ideas about products or services
    7·1 answer
  • Typical Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2017, when the tax rate was 40%. T
    8·1 answer
  • On January 1, Boston Enterprises issues bonds that have a $2,100,000 par value, mature in 20 years, and pay 7% interest semiannu
    13·1 answer
  • Which of the following is NOT an example of fixed expenses?
    11·1 answer
  • An unconfined aquifer with a head of 120 ft (from the bottom of the aquifer) was evaluated using a pumping test. After the head
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!