Answer:
1. Standard quantity of kilograms
= 0.67 kg x 3,800
= 2,546 kg
2. Standard material cost allowed to make 3,800 helmets
= 0.67 x $7 x 3,800
= $17,822
3. Material spending variance $
Standard material cost 17,822
Less: Actual material cost 18,308
486(U)
4. Material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($7 - $6.599855804) x 2774 kg
= $1,110(F)
Actual price
= Actual material cost
Actual quantity purchased
= $18,308
2,774 kg
= $6.599855804
Material usage variance
= (Standard quantity - Actual quantity used) x Standard price
= (2,546 - 2,774) x $7
= $1,596(U)
Explanation:
Material spending variance is the difference between standard material cost and actual material cost. Material price variance is the difference between standard price and actual price multiplied by actual quantity purchased. Material usage variance is the difference between standard quantity and actual quantity used multiplied by standard price. Actual price is actual material cost divided by actual quantity purchased. Standard quantity is calculated as standard quantity per unit multiplied by actual output.
Answer:
finished goods
Explanation:
I would assume finished goods. At a multiple process step company, you would again credit WIP materials
Answer:
reverse annuity mortgage
Explanation:
The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.
I believe the answer is Monopolist.
The first step that an investor should take before beginning to invest should be to establish investment objectives.
