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Tomtit [17]
3 years ago
10

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

nd uses 3,200 pounds of materials costing $16,192 in making 1,500 units of finished product.
Business
1 answer:
Natali [406]3 years ago
4 0

Answer:

Material Cost variance = Standard cost - Actual cost

= 3000*5 - 16192

= 1192 A

Material Rate Variance = (S.R. - A.R.)A.Q

= (5 - 5.06)3200

= 192 A

Material usage variance = (S.Q. - A.Q.)S.R

= (3000 - 3200)5

= 1000 A

Working Notes:

Actual Output = 1500 units

Standard qty of Material for Actual Output = 1500*2

= 3000 pounds

Actual qty. used = 3200 pounds

Actual rate/pound = $16192/3200

= $5.06

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Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a pattern between three part
aleksandr82 [10.1K]

Answer:

B

Explanation:

Bid rotation is when contractors collude and  take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.

Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.

Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding  bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.  

Phantom bids are fake bids

7 0
3 years ago
The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at T
tester [92]

Answer:

True

Explanation:

If there is a more number of compounding periods within a year so it would result into the higher price of future value for lump sum investment in year 0 but the case would be adverse with the present value i.e there is less amount in the present value with regard to lumpsum amount i.e to be recieved in the future date

Hence, the given statement is true

5 0
3 years ago
Courts have upheld the right of corporations to review the e-mail of employees who use company resources to send e-mail messages
Anna71 [15]

Answer:

Web brosers are not considered a company's resource.

Explanation:

The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.

7 0
4 years ago
Which of the following statements is​ true?
raketka [301]

Answer:

The correct answer is option C.

Explanation:

n economics, we know that the basic problem is the scarcity of resources. These resources have alternative uses. We have unlimited wants and needs. Whenever we decide how to use scarce resources to satisfy our wants and needs, we face a trade-off.  

We cannot satisfy all our wants and needs, if we want to satisfy one we have to sacrifice the other. Anytime a person decides to take any action, he/she faces trade-offs. Every individual regardless of his wealth and income is faced with making trade-offs.

8 0
4 years ago
"A customer who has his primary residence in Montana, has a vacation home in Colorado. An intrastate offering is being made in t
swat32

The options available are:

A. The customer is permitted to buy these securities

B. The customer is prohibited from buying these securities

C. The customer can buy the securities if he spends at least 2 weeks per year in the state of Montana

D. The customer can buy the securities if he files an affidavit of domicile in the state of Montana

Answer:

The customer is permitted to buy these securities

Explanation:

The intrastate offering is a form of securities offering which different from the interstate offering, and can only be acquired in the state in which it is being issued. However, while it does not need to be registered with the Security Exchange Commission(SEC), to fulfill Intrastate requirements, it must, amongst others, be sold and offered only to residents of the state in which it is issued.

Hence, in this case, since the customer is a primary resident of Montana, he is permitted to buy these securities

8 0
3 years ago
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