Answer:
A)
standard :direct material :9000/1000=9 pound per bad*.40=3.6
DL :48/1000=.048 *8.5=.408
voh: 16/1000=.016*10=.16
Actual Standard
DM 3578/1000=3.578 3.6
DL 450/1000=.45 .408
VOH 225/1000=.225 .16
Total variable cost per bag $4.253 4.168
b)
Materials price variance =actual cost-[AQ*SR]
=3578-[9300*.40]
= 3578- 3720
= -142 F
Quantity variance =SR[AQ-SQ]
= .40[9300-9000]
= 120 U
Labor rate variance = Actual cost-[ah*sR]
= 450-[45*8.5]
= 450-382.5
=67.5 U
Labor efficiency variance =SR[AH-SH]
= 8.5[45-48]
= -25.5 F
Variable overhead rate variance = actual cost- [AH*SR]
= 225-[18-10]
= 225-180
= 45 U
VO efficiency variance =SR[AH-SH]
= 10[18-16]
= 20 U
c)
A-Use of higher skilled employees and high efficiency equipment.
Engagement of skilled labor requires high payment resulting unfavorable variance and with the use of high efficiency equipment ,labor time is reduced resulting favorable variance.
Answer:
The answer is: Yes, the student is right.
Explanation:
Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.
When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.
When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.
Answer:
Total PV= $140,465.69
Explanation:
Giving the following information:
Cash flows:
Cf1= $18,000
Cf2= $26,500
Cf3= $46,000
Cf4= $69,000
The appropriate interest rate is 4.3 percent.
<u>To calculate the present value, we need to apply the following formula on each cash flow:</u>
PV= FV/(1+i)^n
Cf1= 18,000/1.043= 17,257.91
Cf2= 26,500/1.043^2= 24,360
Cf3= 46,000/1.043^3= 40,541.97
Cf4= 69,000/1.043^4= 58,305.81
Total PV= $140,465.69
Answer:
D. Leave GDP unchanged
Explanation:
This is because the Husband is now involved in the category of "values of services not paid for". When calculating for GDP, those services aren't included or accounted for.
After marriage, the butler is no longer an employee of the woman and the services he provides for her now as an husband are not recorded as final economic activity thus the GDP decreases initially by $60,000 and then remains unchanged.
Answer:
I'm thinking C
Explanation:
This seems really written in a smart aleck way. It could be D also though.