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
Angelina_Jolie [31]
4 years ago
10

The standard quantity allowed for the units produced was 4000 pounds, the standard price was $2.50 per pound, and the materials

quantity variance was $350 favorable. Each unit uses 1 pound of materials. How many units were actually produced
Business
1 answer:
Anika [276]4 years ago
6 0

Answer:

Unites actually produced = 4,000 units

Explanation:

M<em>aterial quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.  </em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price  </em>

Material quantity variance in unit =  Materials quantity variance  in value /standard price

Material quantity variance in unit = 350/2.50 =140  pounds

Actual quantity used (in pounds)  = standard quantity allowed - Material quantity variance

                              = 4000  - 140 = 3,860 pounds

Actual units produced = Standard quantity allowed/ standard quantity  per unit

                                      = 4,000/1 = 4000 units

Unites actually produced = 4,000 units

You might be interested in
Which of the following statements are reasons why operations management is important?
mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

7 0
3 years ago
What examples best demonstrate likely tasks for Distribution and Logistics workers? Check all that apply. Stacy supervises worke
hoa [83]

Answer:    

Raisa, Mariah, Calvin

Explanation:

7 0
3 years ago
Read 2 more answers
Psychologists are now often included on interdisciplinary healthcare teams to
Aliun [14]
<span>Bring in the psychological aspects of healing and good health behavior for patients.</span>
5 0
4 years ago
What is the most important reason financial information is provided by the major regulatory agencies to investors, depositors, a
sergij07 [2.7K]

Answer:

d. to make informed decisions about Banks and their financial condition.

Explanation:

Financial regulatory agencies are saddled with the responsibility of providing financial supervision and regulations to Banks and financial institutions. They also maintain integrity in the financial system inorder to boost the confidence of investors, creditors, depositors and the general public.

However, one of the major reasons why financial information is provided by the regulatory agencies to investor, creditors and depositors is to make informed decisions about Banks and their financial conditions.

This means that various groups that have interest in Banks and financial institution are kept abreast of happenings in the financial sector of the economy and are able to know which bank and financial institution is healthy in terms of finances and to know where to invest subsequently.

3 0
3 years ago
Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year
RUDIKE [14]

The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

Read more on what a discount is here:

brainly.com/question/9841818

#SPJ1

6 0
2 years ago
Other questions:
  • Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that the reserve requirement is
    5·1 answer
  • The intersection of the demand for loanable funds and the supply of loanable funds determines the A) prevailing interest rate B)
    6·2 answers
  • An asset was acquired on September 30, 2021, for $104,000 with an estimated five-year life and $25,000 residual value. The compa
    5·1 answer
  • Why do many businesses use price competition?
    15·1 answer
  • A "price taker" is a firm that Question 8 options: does not have the ability to control the price of the product it sells. does
    7·1 answer
  • ___, born during the Great depression, grew froma need to understand the entire economy and to provide guidance on how to manage
    12·1 answer
  • Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?
    11·2 answers
  • Ersatz Beneficial Insurance wants to estimate the cost of damage to cars due to accidents. The standard deviation of the cost is
    12·1 answer
  • You would like to establish a trust fund that will provide $50,000 a year forever for your heirs. The trust fund is going to be
    7·1 answer
  • Brandon has presented the possible requirements for the next sprint. The development team has asked questions and has clarificat
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!