Answer:
$6,000 Unfavorable
Explanation:
Actual Quantity = 243,000 lbs
Standard Quantity:
= Actual finished units produced × Direct materials standard quantity per unit
= 40,000 units × 6 lbs
= 240,000 lbs
Standard Price = $2 per lb.
Hence,
Direct materials quantity variance:
= (Actual Quantity - Standard Quantity) × Standard Price
= (243,000 - 240,000) × $2
= $6,000 Unfavorable
Answer:
- <em><u>The CPI for the current year is 104.49 </u></em>
<em><u /></em>
Explanation:
A) Expenditure breakdown of the base year:
You must check that they add 100%
- Food and beverages: 17.8%
- Other goods, and services: 5.8%
Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100
Thus, the CPI of the base year is 100.
<u>B. Expenditure breakdown of the current year.</u>
Calculate the changes by adding the percent of increase to each item tha has changed.
1. <u>The prices of food and beverages have increased by 10 percent</u>:
2.<u> The price of housing has increased by 5 percent</u>:
3. <u>The price of medical care has increased by 10 percent</u>:
The other prices are unchanged.
Then, the new breakdown is:
- Food and beverages: 19.58%
- Other goods, and services: 5.8%
Of course the new total is not 100%.
- 19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49
That means that the price of the total basket of products has increased from 100 to 104.49.
Thus, <u>the CPI of the current year is 104.49 ← answer</u>
The right answer for the question that is being asked and shown above is that: "b. Personal financial management software" Among the choices that would not be used to create a personal balance sheet is that <span>b. Personal financial management software</span>
Answer:
The correct answers are:
a) Family owned restaurant
b) A manufacturer of cars
c) A company that invented a very comfortable razor
Explanation:
First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.
Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.
Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.
