Ask question

Ask question

All categories

3 years ago

8

In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds

at $1.00 per pound. The direct materials quantity variance is:

1 answer:

abruzzese [7]3 years ago

5 0

Answer:

300 A

Explanation:

(SQ - AQ) SP

(6000 - 6300)1

300 A

It means that actual quantity produced is worse than expected quantity.

You might be interested in

A company had a standard sales price of $1.79 per unit and expected to sell 10,000 units. Due to a downturn in the economy, the

Sloan [31]

Answer:

Sales price variance = $1,900.

Explanation:

We know,

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

Given,

Standard sales price = $1.79 per unit.

Actual sales price = $1.59 per unit.

Actual sales quantity = 9,500 units.

Putting the values into the formula, we can get

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

or, Sales price variance = ($1.79 - $1.59) × 9,500

or, Sales price variance = $0.2 × 9,500

or, Sales price variance = $1,900.

4 0

3 years ago

How to convince granter that they should give me a chance?

lisabon 2012 [21]

Try to persuade Chance

5 0

3 years ago

Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre

nalin [4]

Answer:

Apple Photography, Inc.

Based on this information, the balance in the cash account at the end of January would be:_____.

b) $12,115.

Explanation:

a) Cash Account

Common Stock $13,600

Insurance (2,200)

Service Revenue 5,800)

Rent (1,600)

Office equipment (3,200)

Utilities (285)

Balance $12,115

b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month. The inflows represented cash received by Apple Photography from the owners and customers and the cash paid for running the business.

6 0

2 years ago

Which of the following is not a correct statement about M2? A. M2 is a broader definition of money compared to M1 and currency.

natka813 [3]

Answer:

D) M2 is the best definition of money as a medium of exchange.

Explanation:

M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.

8 0

3 years ago

According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into t

notsponge [240]

Answer:

Level 5

Explanation:

pyramid organizational structure is structure usually from 1 to 5 having , one leader at the top, along with

small executive leadership team which is at below level with tiers of managers that have their leading down to the bottom level of team of employees.

Level 5 leaders always shows

powerful mixture of personal humility as well as indomitable will. These set of people that fall under this heirachy are incredibly ambitious, though

their ambition comes as first and foremost as regards the cause, for the organization as well as its purpose and not themselves. It should be noted that According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility. This occur At

level 5 of the pyramid.

7 0

3 years ago

Read 2 more answers