Which major NIMS Component describes systems and methods that help to ensure that incident personnel and other decision makers h
1 answer:
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Answer:
direct materials quantity variance = 520 Favourable
Explanation:
given data
material = $2 per pound
produced = 1,000 units
Actual Quantity of Material = 5200
cost = $9,880
to find out
direct materials quantity variance
solution
we get here Material Price Variance that is express as
direct materials quantity variance = ( Standard Cost - Actual Cost) Actual Quantity of Material .......................1
put here value we get
direct materials quantity variance = 2- × 5200
direct materials quantity variance = 520 Favourable
Answer:
a. The monthly payment on loan 1 is $76.03.
b. The monthly payment on loan 2 is $411.69.
Explanation:
a. Calculate the monthly payment on loan 1.
To determine the amount of periodic payments, the present value of annuity formula should be used:
Where:
PV= present value
p=periodic payment
i=rate of interest
n=number of periods
We get the data for this exercise:
PV= 3,600 (loan).
p= unknown (we must find this value)
i= 6.6% or 0.066. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.066 / 12).
n= 4 years and 7 months, that is 55 months.
And we replace in the formula:
Therefore:
The monthly payment on loan 1 is $76.03.
b. Calculate the monthly payment on loan 2.
We get the data for this exercise:
PV= 11,600 (loan 2).
p= unknown (we must find this value)
i= 7.3% or 0.073. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.073 / 12).
n= 2 years and 7 months, that is 31 months.
And we replace in the formula:
Therefore:
The monthly payment on loan 2 is $411.69.