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Rus_ich [418]
3 years ago
6

Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per

unit Direct materials standard cost $0.75 per pound Actual material purchased cost $0.85 per pound Actual direct materials purchased 40,000 pounds Actual quantity of direct materials used 35,000 pounds Actual finished goods produced 4,500 unitsWhat is the direct material price variance?A) $4,000 favorableB) $4,000 unfavorableC) $3,500 favorableD) $3,500 unfavorable
Business
1 answer:
Dima020 [189]3 years ago
7 0

Answer:

The correct answer is D: $3500 unfavorable

Explanation:

Giving the following information:

Standard:

Direct materials standard 10 pounds per unit

Direct materials standard cost $0.75 per pound

Actual:

Material purchased cost $0.85 per pound

Direct materials purchased 40,000 pounds

Direct materials used 35,000 pounds

Finished goods produced 4,500 units

Direct material price variance= (SP-AP)*AQ

SP= standard price

AP= actual price

AQ= standard quantity

Direct material price variance= (0.75-0.85)*35000

Direct material price variance= $3500 unfavorable

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Explanation:

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The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 $5,000 that reaches maturity in 5 5 years. The b
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the price that the bond traded for would be closest to

$5,220 (rounded to whole number)

Explanation:

Using the price of bond formula below:

Price = C × 1 - [(1+r)^-n] /r + F/ (1+r)^n

C = coupon rate = 9.1% of face values ($5,000)

F= Face value(par value) = $5,000

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r = YTM (yield to maturity) = 8% = 0.08

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Price= 455 × ( 1 - 0.680583197)/0.08 + 5,000 / 1.46932808

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Price = 1,816.68307 + 3,402.91598

Price= $5,219.59905

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