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Alinara [238K]
3 years ago
6

Michael corporation manufactures railroad​ cars, which is its only product. the standards for the railroad cars are as​ follows:

standard tons of direct material​ (steel) per car 2 standard cost per ton of steel $ 16 during the month of​ march, the company produced 1 comma 500 cars. related production data for the month​ follows: actual materials purchased and used​ (tons) 6 comma 500 actual direct materials total cost $ 118 comma 000 what is the direct materials quantity variance for the​ month?
Business
1 answer:
adoni [48]3 years ago
3 0

Answer:

$56,000 Adverse

Explanation:

direct materials quantity variance = Aq × Sp - Sq ×Sp

                                                       = (6,500×$16) - ((1,500×2)×$16)

                                                       =  $104,000 - $48,000

                                                       = $56,000 Adverse

More materials were used during the month than was expected thus adverse.

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What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
Slav-nsk [51]

Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

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How are jobs affected by supply and demand ?Explain how changes in supply and demand couple impact employment and jobs?
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Answer:

Please see explanation below

Explanation:

a. Just as supply and demand affects any other market, so does it affects jobs too. Take for instance if additional workers are added to the existing workforce while the demand for jobs remains the same; it means that employers would likely pay less which will bring about drop in income to employees hence causes less job stability. On the other hand, if there is an increase in demand for jobs while supply remains the same; then employers will be willing to pay more thereby resulting in higher income for few who are employed hence bring about job stability.

b. Change in demand refers to either an increase or decrease in demand for a particular good or service due to changes in consumer tastes, income level, population, price of substitutes etc; while change in supply is when suppliers decided to either increase or decrease their production or output due to changes in technology, process automation, change in the number of competitors in the market, taxes, production costs etc.

An increase in demand for certain goods or services would necessitate an increase in supply for such goods hence create avenue for producers or manufacturers to employ more people to produce them. Also, a decrease in demand for certain goods or services would result in less goods being produced hence lesser people getting employed to produce such goods.

On the other hand, when producers embraces new technology or process automation , the possibility of producing more goods will be higher while such would result in job losses.

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