Answer:
A. $234,000 unfavorable
Explanation:
Calculation to determine Armstrong's direct material price variance
Using this formula
Direct material price variance=[(Standard cost-Actual cost)*Actual quantity]
Let plug in the formula
Direct material price variance=[($11-$24)*18,000)
Direct material price variance=$13*18,000
Direct material price variance=$234,000 Unfavorable
Therefore Armstrong's direct material price variance is $234,000 Unfavorable
<span>The three areas that could lead to a failure of Toyota in South Africa would include primarily the inability to account for the differences in cultural understanding, the inability of the population to afford the vehicle itself, and a lower demand than expected in regards to their vehicles.</span>
The specific kind of insurance policy based on the description provided by the question would be the Spendthrift clause. By definition, a spendthrift provision is a term that is used mainly to describe a provision wherein the inheritance of the benefactor is protected from being given away to another individual.
Answer:
Total Gross Margin under absorption costing is $815550
Explanation:
Absorption Costing treats Fixed Manufacturing Costs as a part of product cost.
Sales ($75×52000) 3900000
Less Cost Cost of Sales
Opening Stock of Finished goods 0
Add Production Cost of Finished Goods
Direct Materials ($25× 57000) 1425000
Direct Labor ($18× 57000) 1026000
Variable Manufacturing Overheads ($5× 57000) 285000
Fixed Manufacturing overheads ($11.32×57000) 645000
3381000
Less Closing Stock of Finished goods
(25+18+5+11.31) × (57000-52000) ( 296550)
Cost of Goods Sold 3084450
Gross Profit 815550
The exclusion of non-market transactions. The failure to account for or represent the degree of income inequality in society. The failure to indicate whether the nation's rate of growth is sustainable or not.
