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Dominik [7]
3 years ago
5

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.5 meter

s Standard price $17.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,000 meters Actual cost of materials purchased $124,250 Actual materials used in production 6,500 meters Actual output 1,420 units What is the materials price variance for the month?
Business
1 answer:
sweet-ann [11.9K]3 years ago
3 0

Answer:

$2,450 Unfavorable

Explanation:

The computation of material price variance is shown below:-

Material price variance = ( Standard Price - Actual Price ) × Actual Quantity of materials purchased

= $17.40 - ($124,250 ÷ 7000) × 7,000

= ($17.40 - $17.75) × 7000

= $2,450 Unfavorable

Therefore for computing the material price variance we simply applied the above formula.

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If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car CD player, and sells cars
elena55 [62]

Answer:

$20,000

Explanation:

GDP is the market value of <u>all final goods and </u>

<u>services</u> produced within a country in a given period of time.

The GDP includes only the value of final goods, <em>the value of manufactured automobile in this question</em>, not the value of intermediate goods used in it, <em>the windshield, tires, and others.</em>

Reason: The price of intermediate goods (windshield, tires, CD player) is already included in the final price of $20,000.

Hence, GDP discourage to include these intermediate goods value as it will lead to double counting given that they're already included in final price of $20,000.

3 0
3 years ago
The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP
Delicious77 [7]

Answer:

The correct answer is option a and option b.

Explanation:

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.

This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.

While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.

4 0
3 years ago
30 POINTS FOR BEST ANSWER!!!!
pochemuha
I'd definitely use paper products. Firstly they are less expensive than other types. Secondly it would save my factory money. According to usi.edu the construction costs of paper mills designed to use wasted paper is "<span>50 to 80% less than the </span>cost<span> of </span>a <span>mill using new pulp." Thirdly it is renewable because I could plant trees after I cut some down for my factory. </span>
6 0
3 years ago
West Company paid cash for dividend. With respect to this event, indicate whether the following statement is______________.
Alinara [238K]

Answer:

True

Explanation:

A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.

No other form of organization cannot pay dividends. They can pay a share of profit or extra benefits. Only in the corporation, especially in public limited, shareholders are given a cash dividend by its management body.

8 0
3 years ago
Nikki loves order and efficiency. She works to make sure that the supply chain is running properly and loves to
Naily [24]

Answer:

Distribution and Logistics

Explanation:

Logistics are the activities of a company related to distributions of its product. It encompasses all efforts of moving goods from the factory to the retailers for sale to the customers. Transport and warehousing are part of logistics.

The distribution and logistics department plans, organize, and manages the movement of products to their intended destination. Nikki is most likely to be in the distribution and logistics career path. She ensures that the supply chain is running efficiently and tracts the movement of products.

7 0
3 years ago
Read 2 more answers
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