1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
2 years ago
10

Perez, in recently completed 56,000 units of a product that was expected to consume four pounds of direct material per finished

unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed 228,000 pounds in manufacturing (cost-1.881,000), the direct- material quantity variance would be figured as:
a. $57,000F.
b. $34,000U.
c. $34.000F.
d. $57,000u.
e. None of the answers is correct
Business
1 answer:
rjkz [21]2 years ago
7 0

Answer:

Direct material quantity variance= $34,000 unfavorable

Explanation:

Giving the following information:

Standard direct material pounds per unit= 4 pounds

The standard price of the direct material was $8.50 per pound.

The firm purchased and consumed 228,000 pounds in manufacturing 56,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (56,000*4 -228,000)*8.5

Direct material quantity variance= (224,000 - 228,000)*8.5

Direct material quantity variance= $34,000 unfavorable

You might be interested in
What is ROI and why does it matter?
Stels [109]
<span>ROI stands for Return On Investment. This is very important when you are making an investment whether it is in terms of training, capital or equipment</span>
8 0
2 years ago
Read 2 more answers
Consider a portfolio consisting of only Duke Energy and Microsoft. The percentage of your investment (portfolio weight) that you
Leokris [45]

Answer:

(2) 4%

Explanation:

The portfolio is considered to be less risky if its volatility is low. The higher standard deviation the more risky is the project. For Duke Energy and Microsoft the investment portfolio required is risk free investment. To calculate the risk free rate we calculate using the formula;

Var Rp = x1 2Var R1 + x2 2Var R2 +2 x1 x2 Corr (R1, R2) SD1 SD2

Var Rp = 0.14 + 0.44 + 2 (1) * (-1) * 6% * 24%

Solving for this we get the risk free investment at 4%.

3 0
3 years ago
Peter Parker, the HR vice-president of a well-known IT firm, called his team members for a meeting to discuss the measures to be
NikAS [45]

Answer:

groupthink

Explanation:

In team discussions and debates, groupthink is a common phenomenon where team members tend to agree with others without a constructive discussion filled with arguments. It is very common when an authoritative person (manager) is leading the discourse of discussion.

In this example, the reached consensus is an example of groupthink, since the team members did not critically evaluate the troublesome issue.

8 0
2 years ago
Strategies on how to minimize expenses in cooking?​
Nitella [24]

Answer:

1. Calculate Your Food Costs

2. Be Consistent When Calculating Inventory

3. Work with Your Food Suppliers

4. Join a Group Purchasing Organization

5. Manage Your Food Orders

6. Implement Restaurant Portion Control

7. Use the First In, First Out (FIFO) Method

8. Utilize Your Daily Specials

9. Keep Your Staff Informed

Explanation:

8 0
2 years ago
The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete),
Anna [14]

Answer: 770,000

Explanation:

Assuming materials are entered at the beginning of the process, the equivalent units materials will be:

Beginning work process = 40,000 units

Started into production = 730,000 units

Then equivalent units materials will be:

= 40000 + 730000

= 770000

5 0
3 years ago
Other questions:
  • Kramer and Knox began a partnership by investing $60,000 and $80,000, respectively. Assume that the partners agreed to share net
    8·1 answer
  • At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benef
    12·1 answer
  • Which orientation, as it relates to marketing, maximizes a company's use of economies of scale?
    8·1 answer
  • A common step in the testing for accounts payable is to test subsequent disbursements for improper/proper inclusion/exclusion in
    6·1 answer
  • An economy has a monetary base of 1,000 $1 bills. Calculate the money supply in scenarios a - d. Then answer part e. a. All mone
    15·1 answer
  • Name one form of collusion
    7·2 answers
  • QUESTION 3
    15·1 answer
  • An organizational model that consists of a company's overseas subsidiaries and is characterized by centralized decision making
    14·1 answer
  • What does zero economic profit mean in a perfectly competitive market in the long run?
    5·1 answer
  • 8. The delta of a call option on a firm's assets is .624. How much will a project valued at $48,000 increase the value of equity
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!