Answer:
42,000 unfavorable
Explanation:
The computation of the direct materials efficiency variance is shown below:
= (Actual quantity - Standard quantity) × standard price
= (6,500 pounds - 3,000 pounds) × $12 per pound
= 3,500 pounds × $12 per pound
= 42,000 unfavorable
Since the standard quantity is less than the actual quantity so the direct material efficiency variance would come unfavorable
All other information which is given is not relevant. Hence, ignored it
Answer:
In unitary terms, the average cost varies because the fixed costs are divided by higher or fewer units.
Explanation:
The average cost per unit varies according to production levels. First, <u>we need to clarify that fixed costs remain constant in the relevant range. </u>Between levels of production, the total fixed cost don't change.
In unitary terms, the average cost varies because the fixed costs are divided by higher or fewer units. Therefore, a fixed cost of $100 in 100 units is $1 per unit; but, in 50 units is $2 per unit. In unitary terms, variable cost remains the same.
<u>Finally, in total terms, fixed costs (in the relevant range) remains constant and total variable cost varies with production. </u>In unitary terms, variable cost remains constant and fixed cost varies.
Answer:
$21,578.77
Explanation:
For computing the amount after 6 years we have to determine the future value i.e to be shown in the attachment below:
Given that,
Present value = $0
Rate of interest = 4% ÷ 4 quarters = 1%
NPER = 6 years × 4 quarters = 24 quarters
PMT = $800
The formula is shown below:
= FV(Rate;NPER;PMT;PV;type)
After applying the above formula, the future value is $21,578.77
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Answer:
B
Explanation:
The mission of a business clearly states the aim for which the business is set up