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Scrat [10]
3 years ago
7

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a

batch of ketchup (2,300 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 3,800 lbs. $0.46 per lb. Vinegar 210 gal. 2.80 per gal. Corn syrup 18 gal. 10.20 per gal. Salt 84 lbs. 2.60 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch 08-99 were as follows: 4,000 lbs. of tomatoes 202 gal. of vinegar 19 gal. of corn syrup 83 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
8 0

Answer:

Standard unit materials cost per pound=$1.11 per pound

Explanation:

The standard material cost for a standard batch = Total material cost / standard qty (in pounds)

Total material cost = (3,800× $0.46) + (210×  2.80) (84×2.60)=$2554.4

Total standard quantity  = 2,300 pounds

Standard unit materials cost per pound =$2554.4/ 2,300 pounds=$1.11 per pounds

standard unit materials cost per pound=$1.11 per pound

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Kaylis [27]

Answer:

E) Relational and identity issues are rarely important in negotiations.

Explanation:

Negotiations between conflicting parties involve people, and whenever people are involved, the possibility of personal issues getting involved always exist. Sometimes a good relationship between the negotiating parties can help to solve the problem more swiftly, but bad relationships can result in exactly the opposite.

7 0
3 years ago
On January 1, 2021, Blair Company sold $800,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December
Anika [276]

Answer:

$42,480

Explanation:

Given that,

Value of bonds = $800,000

Interest rate = 10%

Selling price of bond (Book value) = $708,000

Priced to yield = 12%

The semi-annual yield is calculated as follows:

= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)

= 6%

Therefore, the semi-annual bond interest expense:

= Selling price of bond × semi-annual yield

= $708,000 × 6%

= $42,480

Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.

But the actual cash paid for the interest expense will be:

= (Value of bonds × Interest rate on bonds)

= [$800,000 × (10%/2)]

= $800,000 × 5%

= $40,000

So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:

= $42,480 - $40,000

= $2,480

7 0
4 years ago
In marketing, what are the five P's used for?
Rufina [12.5K]

Answer:

A

Explanation:

5 0
3 years ago
A business would have a positive cash flow if revenue is ___operating expenses.
garri49 [273]

I think the most appropriate answer would be "greater"

I hope it helped you!

3 0
3 years ago
You have just finished preparing a formal report on a proposed company merger. You are about to complete your title page. What s
USPshnik [31]

Answer:

The correct answer is letter "A":  Title; author’s name; name of report; name and organization of the receiver; author’s title; date of submission.

Explanation:

The title page is the front page that starts every formal report. It gives the first impression on how well structured the study has been compacted and provides an overall idea of what is the report going to be explaining. The correct order of information that must be included is:

  • <em>Title </em>
  • <em>Author’s name</em>
  • <em>Name of report</em>
  • <em>Name and organization of the receiver</em>
  • <em>Author’s title</em>
  • <em>Date of submission</em>

Some of them include an <em>abstract </em>at the bottom of the page adding a brief summary of the content, usually to attract the reader.

7 0
3 years ago
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