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3 years ago

Dana, Inc. recently completed 56,000 units of a product that was expected to consume 4 pounds of direct material per

Business

1 answer:

AysviL [449]3 years ago

4 0

Answer:

$34,000 Units

Step by Step Explanation:

Direct Material Quantity Variance

= SP x (AQ – SQ Allowed)

Therefore:

SQ allowed: $56,000 units x 4 lbs = $224,000 lbs.

Direct Material Quantity Variance: $8.50 x ($228,000 lbs – $224,000 lbs) = $34,000 Units

The direct material quality variance is $34,000 Units

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What is supply-side fiscal polioy? Identify each policy action as being focused on the demand side, the supply side, or both. Dr

Advocard [28]

Answer: Please refer to Explanation

Explanation:

Supply Side Fiscal Policy focuses on how to improve the ability of companies to supply more goods to the economy. The aim being that as companies supply more, they grow more and employ more people.

Demand Side Fiscal Policy on the other hand focuses on how to give more power to the Demand side of the Economy. It holds that increasing demand leads to increased supply which is good for the economy.

Classifying the above,

1. research grants for a corporation developing new technologies. SUPPLY SIDE.

This is aimed at increasing supply by improving the ways a company is able to produce it's goods and services.

2. government-funded scholarships for college students. SUPPLY SIDE.

This is supply side because it leads to more Colleges offering placement to students.

3. stimulus packages for firms that are "too big to fail". DEMAND SIDE.

Companies considered Too big to fail usually hire a lot of people. Keeping them running leads to them being able to pay off their employees which increases the demand in the economy.

4. increasing spending on "shovel-ready" projects. DEMAND SIDE.

Shovel Ready projects are those that are ready to be initiated. By increasing spending on them, they hire people immediately and begin work which increases the income flowing to people in the economy which increases demand.

5. lowering income tax rates at all income levels. BOTH.

By lowering income tax levels people are both able to spend more which increases demand as well as able to Invest more in companies which will increases supply.

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3 years ago

Assuming that total dividends declared in 2017 were $64,000, and that the preferred stock is not cumulative but is fully partici

myrzilka [38]

Answer:

$40,235

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

Dividend Declared = $64,000

Preferred Dividend = $100,000 x 7% = $7,000

Participation

Preferred Shares = $100,000 / $20 = 5,000 shares

Common shares = 12,000 shares

Total Shares = 12,000 + 5,000 = 17,000 shares

on Pro-rata basis

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Dividend to common stock holders = $64,000 - $7,000 - $16,765 = $40,235

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3 years ago

True or false: The SEC has delegated the primary responsibility for setting accounting standards to the AICPA.

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Does the SEC have the power to set accounting standards. The SEC has delegated the primary responsibility for setting accounting standards to the AICPA is a False statement.

<h3>What is the SEC position in the financial reporting process?</h3>

The SEC position is known to be a Commission that has been empowered with the authority under the securities laws of the United States.

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3 years ago

Jane is 22 years old. for her job, she needs to take an intelligence test. which would be the most appropriate test for her age

Makovka662 [10]

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3 years ago

Percy Company purchased 80% of the outstanding voting shares of Song Company at the beginning of 2014 for $406,000. At the time

Gnom [1K]

Answer:

since Percy Company's owns 80% of Song Company's stocks, we must use the equity method to record its investment in Song Company

Beginning 2014, investment in Song Company

Dr Investment in Song Company 406,000

Cr Cash 406,000

2014, to record Song's net income

Dr Investment in Song Company 48,480

Cr Investment revenue 48,480

2015, to record Song's net income

Dr Investment in Song Company 43,120

Cr Investment revenue 43,120

2016, to record Song's net loss

Dr Loss on investment 45,760

Cr Investment in Song Company 45,760

2014, to record Song's dividends

Dr Cash 19,040

Cr Investment in Song Company 19,040

2015, to record Song's dividends

Dr Cash 40,480

Cr Investment in Song Company 40,480

2016, to record Song's dividends

Dr Cash 29,040

Cr Investment in Song Company 29,040

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3 years ago