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3 years ago

Frogue Corporation uses a standard cost system. The following information was provided for the period that just ended:

Business

1 answer:

mel-nik [20]3 years ago

8 0

Answer:

Materials Cost Variance = 6500 favorable

Explanation:

Frogue Corporation

AP= Actual price per kilogram $2.50

AQ= Actual kilograms of material used 31,000

SP = Standard price per kilogram $2.80

SQ= Standard kilograms per completed unit 6 kilograms = 5000 units *6 kg= 30,000 kg

Material Price Variance =( AP -SP)(AQ)=

= ( $2.50- $2.80)31,000 = 9300 Favorable

It is favorable because the standard price is higher than the actual price.

Material Quantity Variance =( AQ -SQ)(AP)= (31000- 30,000) 2.8

= 1000*2.8= 2800 unfavorable

It is unfavorable because the standard quantity is lower than the actual quantity.

Materials Cost Variance =Material Price Variance+Material Quantity Variance

=9300 Favorable+2800 unfavorable=

Materials Cost Variance = 6500 favorable

When favorable and unfavorable are added the unfavorable is with negative sign so they are subtracted.

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2 years ago

Compared to other industries, salaries for technology-related jobs:

muminat

Answer:

are higher than average, because the job sector is rapidly growing.

Explanation:

Compared to other industries, salaries for technology-related jobs: "are higher than average, because the job sector is rapidly growing."

This is evident in the fact that virtually every industry makes use of technological equipment or operations to enhance their services or manufacturing products.

Hence, with the increase in job markets or rapid growth in the job sector, employers are trying to acquire and retain the best employees in the technology-related industry by paying more than the average.

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3 years ago

Uber's review of drivers average passenger rutings., in order to make personnel decisions, is an example of which of the followi

katen-ka-za [31]

Answer:c

Explanation: i just took the quiz

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3 years ago

A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $

zavuch27 [327]

Answer: 77 months

Explanation:

Use the NPER function on Excel to find the answer.

Rate is compounded monthly so:

= 8% / 12

= 0.66667%

Payment = 5,000 per month

Present value = $0

Future value = 500,000

Value should be = 76.87 months

= 77 months

6 0

3 years ago

The ledger of Beckett Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entrie

Anastaziya [24]

Explanation:

The adjusting journal entries are shown below:

1. Depreciation Expense A/c Dr $ 840 ($280 × 3 months for one quarter)

To Accumulated Depreciation - Equipment A/c $840

(Being depreciation expense is recorded)

2. Unearned Rent Revenue A/c Dr $6,200 ($12,400 ÷ 2)

To Rent Revenue A/c. $6,200

(Being half rent revenue earned is recorded)

3. Interest Expense A/c Dr $400

To Accrued Interest A/c $400

(Being accrued interest is recorded)

4. Supplies Expense A/c $2,150

To Supplies A/c $2,150

(Being the supplies expense is recorded)

The supplies expense is computed below

= Supplies balance - supplies on hand

= $3,000 - $850

= $2,150

5. Insurance Expense A/c Dr $1,200 ($400 × 3 months in one quarter)

To Prepaid Insurance A/c $1,200

(Being the insurance expense is recorded)

8 0

3 years ago