Answer:
Material Quantity Variance= $ 3240 Unfavorable
Explanation:
Given
Standard Quantity Direct materials 5.8 ounces
Standard Price$ 3.00 per ounce * 5.8= $ 17.40
Actual output 3,400 units
Raw materials used in production 20,800 ounces
Purchases of raw materials 21,900
Working
Standard Material required for 3,400 units
*5.8= 19720 ounces.
Standard Price for 19720 ounces* 3= $ 59160
Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)
Material Quantity Variance= 3*20,800 - (3* 19720)
Material Quantity Variance= $62400- $ 59160= $ 3240 Unfavorable
It is unfavorable because the actual quantity used is more than the standard usage.
Answer:
The correct answers are "Increases the demand for; decreases"
Explanation:
Why might fiscal stimulus crowd out investment?
Fiscal stimulus that increases an existing government budget deficit, increases the demand for loanable funds, which decreases investment.
Bonds = 75,000*1000 = 75 Million
Preferred stock = 750,000*64 = 48 Million
Common stock = 2.5 Million *44 =110 Million
Total capital = 75+48+110 = 233 Million
Weight of debt (Wd) = 75/233 = 0.3219
Weight of preferred stock (Wp)= 78/233 = 0.206
Weight of equity (We) 1-0.3219-0.206 = 0.4721
Cost of debt after tax (Rd)= 7.5%*(1-0.34) = 4.95%
Cost of preferred stock (Rp)=6/64 = 9.375%
Cost of equity(Re) = rf + beta*(rm-rf) = 2.3+1.21*(11.2-2.3) = 13.069%
WACC = Wd *Rd + Wp*Rp + We*Re
WACC = 0.3219*4.95 + 0.206*9.375 + 0.4721*13.069% = 9.69%
I think the most appropriate answer would be "the quantity of a good demanded increases as its price rises".
I hope it helped you!
Answer:
Sky Mountain's adjusting entry four months later at December 31 would include:
Debit Interest expense $1,080
Credit Interest Payable $1,080
Explanation:
Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.
The amount of interest for 1 year = $54,000 x 6% = $3,240
The amount of interest for 1 month = $3,240/12 = $270
From September 1 to December 31, in Sky Mountain Co.
The amount of interest expense = $270 x 4 = $1,080
Sky Mountain's adjusting entry at December 31:
Debit Interest expense $1,080
Credit Interest Payable $1,080
