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
AnnyKZ [126]
3 years ago
6

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity

variance.
Direct materials standard (6 lbs. @ $2/lb.) $12 per finished unit
Actual direct materials used 230,900 lbs.
Actual finished units produced 38,000 units
Actual cost of direct materials used $459,390
$2,410 unfavorable.

$3,390 unfavorable.

$2,410 favorable.

$5,800 unfavorable.

$3,390 favorable.
Business
1 answer:
laiz [17]3 years ago
3 0

Answer:

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

Explanation:

given data

Direct materials standard 6 lbs. @ $2/lb. = $12 per finished unit

Actual direct materials = 230,900 lbs

Actual finished units produced = 38,000 units

Actual cost of direct materials = $459,390

to find out

Direct materials quantity variance

solution

we get here Direct materials quantity variance that is express as

Direct materials quantity variance = ( Actual Quantity - Standard Quantity) × Standard Price    ........................1

we know here Actual Quantity is 230,900 lbs

and Standard Quantity  is = Actual finished units produced × Direct materials standard quantity per unit

Standard Quantity = 38000 × 6

Standard Quantity = 228000 lbs  and here Standard Price is $2 per lb

so put here value in equation 1 , we get

Direct materials quantity variance = (230900 - 228000) × $2

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

You might be interested in
g Depreciation refers to which one of the following? The amount of money that is lost over a period when services are underutili
Ganezh [65]

Answer:

The answer is D

Explanation:

Depreciation is best described as An estimate of how much of a tangible asset has been used during an accounting period: considered an expense that does not require any cash outflow under the accrual basis accounting.

Depreciation reduces the value of an asset and it reduces it over the life span of an asset. Depreciation is a non cash reduction. Depreciation tells us how much the value of an asset has reduced.

The formula is (cost of the asset - any residual value) ÷ the number of useful life span

6 0
3 years ago
Identify Project Needs The first step in any media-driven project is to determine whether the project is relevant to the purpose
frutty [35]

Answer:

i donts know. subscribe to  game toons!

6 0
2 years ago
Sonic Corp. manufactures ski and snowboarding equipment. It has estimated that this year there will be substantial growth in its
Ne4ueva [31]

the answer is expansion. but im not sure A or B

5 0
3 years ago
Read 2 more answers
Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of
Aleksandr [31]

Answer:

The cost of the equipment is <u>$45,416</u>.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is <u>$45,416</u>.

5 0
3 years ago
How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

brainly.com/question/28182532

#SPJ4

4 0
8 months ago
Other questions:
  • According to the text, the most logical budget-setting method in advertising is the ________ method. objective-and-task affordab
    10·1 answer
  • The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells their markers direct
    8·1 answer
  • Managers use a predetermined overhead rate for which of the following reasons?
    6·1 answer
  • Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 d
    10·1 answer
  • Leaders with a large span of control tend to display more consideration and use more personal approaches when influencing follow
    14·1 answer
  • On July 1, 2016 Harold paid $10000 for a Ten year bond with a stated interest rate of 5%, payable annually on July 1. On April 1
    12·1 answer
  • Regency Inn leased a rental office in the lobby of its hotel to Americar, a car rental agency. Wagner rented a car from Americar
    12·1 answer
  • Novak Express reports the following costs and expenses in June 2017 for its delivery service. Indirect materials $7,000 Drivers’
    10·1 answer
  • Use the following information for calendar year 2020: Accounts receivable, January 1 $125,000 Credit sales during the year 1,400
    13·1 answer
  • The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!