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3 years ago

The following materials standards have been established for a particular product:

Business

1 answer:

GREYUIT [131]3 years ago

3 0

Answer:

(i) $1,295 Favorable

(ii) $3,744 Unfavorable

Explanation:

Actual price = Actual cost of materials ÷ Actual materials purchased

= $43,105 ÷ 3,700

= $11.65

Materials price variance = Actual Quantity (Actual Price - Standard Price)

= 3,700($11.65 - $12.00)

= $1,295 Favorable

Standard Quantity = Actual output × Standard quantity per unit of output

= 560 × 4.8

= 2,688

Materials quantity variance:

= Standard Price (Actual Quantity - Standard Quantity)

= $12.00 (3,000 - 2,688)

= $3,744 Unfavorable

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What is a product mix?

Leto [7]

<h2 /><h2>Answer:</h2>

Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. A product mix consists of product lines, which are associated items that consumers.

For example, your company may sell multiple lines of products.Or your product lines may be vastly different, such as diapers and razors.

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3 years ago

On June 30, 20X1, a tornado damaged Jensen Corporation’s warehouse and factory, completely destroying the work-in-process invent

Andrej [43]

Answer:

$130,400

Explanation:

Raw material transferred to WIP = Beginning balance + Purchase - Closing balance = $41,000 + $150,000 - $87,000 = $104,000

Cost of Goods manufactured = Closing balance + Cost of goods sold - Beginning balance

Cost of Goods manufactured = $151,000 + $405,000*70% - $173,000 = $151,000 + $291,600 - $173,000

Cost of Goods manufactured = $269,000

Ending Work in Process = Beginning balance + Direct material + Direct labor - Manufacturing overheads - Cost of goods manufactured

Ending Work in Process = $128,000 + $104,000 + $112,000 + $112,000*50% - $269,600

Ending Work in Process = $128,000 + $104,000 + $112,000 + $56,000 - $269,600

Ending balance of Work in Process = $130,400

5 0

3 years ago

School-to-work programs unite _____.

kvasek [131]

Already if you look at the name of the program, you see that school and work (company, business) are mentioned - so this points to the answer d). And D is the correct answer! The school-to-work education emphasizes learning both in schools and in the local businesses!
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8 0

4 years ago

Read 2 more answers

ACME Corp. managers lack the will and resources to develop international marketing strategies but are happy when their company's

Nataliya [291]

Answer: Trading company.

Explanation:

Trading companies are companies that act as the middlemen in a trade helping to connect the buyer of a product to the seller. Trading companies can perform trade of a product within a country and can also export products to consumers in foreign countries. ACME Corp. products can easily be sold internationally by trading companies.

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4 years ago

Elegant Decor Company's management is trying to decide whether to eliminate Department 200, which has produced losses or low pro

dexar [7]

Answer:

Net income or (Loss) = $43,128

Explanation:

As per the data given in the question,

Elegant Decor Company

Forecasted annual income statement

Under plan to eliminate Department 200

Sales = $437,000

Cost of goods sold = $261,000

Gross profit = $176,000

Operating expense

Direct expenses:

Advertising = $15,500

Stores supplies used = $4,500

Depreciation- Stores Equipment = $4,200

Total Direct Expense = $24,200

Allocated Expenses :

Sales Salaries = $64,000

($104,000-2×$24,200+($31,200÷2) = $40,000)

(104,000-$40,000)

Rent Expenses = $14,180

Bad debt expense = $9,400

Office salary = $15,600

($31,200 - ($31,200 ÷ 2))

Insurance expense = $1,724

($2,200 - $476)

Miscellaneous expense = $3,728

($4,000 - $272)

Total Allocated Expenses = $108,632

Total Expense = $132,872

($108,632 + $24,200)

Net income or (Loss) = $43,128

($176,000 - $132,872)

5 0

3 years ago