Answer:
Material Cost variance = Standard cost - Actual cost
= 3000*5 - 16192
= 1192 A
Material Rate Variance = (S.R. - A.R.)A.Q
= (5 - 5.06)3200
= 192 A
Material usage variance = (S.Q. - A.Q.)S.R
= (3000 - 3200)5
= 1000 A
Working Notes:
Actual Output = 1500 units
Standard qty of Material for Actual Output = 1500*2
= 3000 pounds
Actual qty. used = 3200 pounds
Actual rate/pound = $16192/3200
= $5.06
Answer:
The Mountaintop should charge a price of $90.1 for a round of golf.
Explanation:
Return required per golfer = (47000000*12%)/400000
= $14.1
Price to be charged = 14.1 + 16 + (24000000/400000)
= $90.1
Therefore, The Mountaintop should charge a price of $90.1 for a round of golf.
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Financial markets can be defined as any marketplace where the trading of securities occurs.
Types of financial markets includes:
1. Money market
2. Foreign exchange market (forex)
3. Bond market
4. Over the counter market
5. Stock market
Economic development refers to the process by which a state improves the economic, political, and social well-being of its citizens. It involves structural transformation, technological innovation and industrial upgrading which will increase labor productivity and improvements in infrastructure.
Stages of economics development includes:
1. Traditional stage
2. Pre-condition for take off stage
3. Take off stage
4. Drive to maturity stage
5. Age of high mass consumption stage
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Answer:
$7,200 favorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $4 per gallon × (2 gallons × 7,000 units - 12,200 gallons)
= $4 per gallon × (14,000 - 12,200 gallons)
= $4 per gallon × 1,800 gallons
= $7,200 favorable
All other information which is given is not relevant. Hence, ignored it
Answer:
A. select a cell in the data rangeselect the Data tab select “Sort” in the Sort and Filter groupselect the column to be sortedselect an orderclick OK
Explanation:
