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
andrezito [222]
3 years ago
13

The following data is given for the Stringer Company: Budgeted production 26,000 units Actual production 27,500 units Materials:

Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 ​ Overhead is applied on standard labor hours. The direct materials price variance is
Select one:

a. $22,800 unfavorable
b. $22,800 favorable
c. $52,000 unfavorable
d. $52,000 favorable
Business
1 answer:
snow_tiger [21]3 years ago
6 0

Answer:

$22,800 unfavorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 228,000  × ($6.50 - $1,504,800  ÷ 228,000)

= 228,000 × ($6.50 - $6.6)

= 228,000 × $0.1

= $22,800 unfavorable

The actual price is computed below:

= Actual price paid for materials ÷ Actual ounces purchased and used in production

=  $1,504,800 ÷ 228,000

= $6.6

You might be interested in
The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m
Gekata [30.6K]
<h2>10 workers would cause the marginal  to exceed the marginal benefits.</h2>

Explanation:

  • Let us understand the term "Marginal benefits".
  • It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
  • In terms of producers, the marginal benefit is termed as marginal revenue.
  • Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
  • Marginal revenue always falls below marginal cost.
  • It is the revenue that the organization receives for selling one additional unit.
8 0
4 years ago
Read 2 more answers
A firm's value added equals 10) A) its revenue minus its wages. B) its revenue minus all of its costs. C) its revenue minus its
Rufina [12.5K]

Answer:

D) its revenue minus its cost of intermediate goods.

Explanation:

The firm value added shows a difference between the revenue and the cost of intermediate goods

In mathematically,

Firm value added = Revenue - cost of intermediate goods

After deducting the cost of intermediate goods from the revenue we can get the firm value added

Hence, the option D is correct as it denotes the firm value added

8 0
3 years ago
Many companies today are localizing their products, advertising, promotion, and sales efforts to fit the needs of individual reg
oksian1 [2.3K]

<u>C)</u><u> Geographic Segmentation.</u>

<h3><u>What does regional segmentation entail?</u></h3>

A marketing tactic known as geographic segmentation targets goods and services to local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors. Brands may focus more pertinent marketing messages and acceptable items on customers who are then aware and more inclined to buy by learning what people in that area need.

<h3><u>What benefits does geographic segmentation offer?</u></h3>
  • Large businesses can address the various needs and wants of clients in various regions thanks to geographic segmentation.
  • Geographic segmentation makes it possible for small enterprises with tight finances to work more effectively.
  • The process of geographic segmentation is simple.

Learn more about brands with the help of the given link:

brainly.com/question/21807086?referrer=searchResults

#SPJ4

6 0
2 years ago
Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each con
Nana76 [90]

Answer:

As attached.

Explanation:

4 0
3 years ago
Your bank card has an APR of 21% and there is a 3% fee for cash advances. The bank starts charging interest on cash advances imm
avanturin [10]

Answer:

Total finance charge=$23.75

Explanation:

<em>The amount charged for the use of the fund by a bank is called interest rate. Here it is quoted as 21% per annum but we will need to determine the approximate monthly rate by dividing by 12</em>.

The total finance charge will be equal = Interest rate + advance fee

Monthly interest rate = 21/12 =1.75%

Interest payment = 1.75%× $500=$8.75

Advance fee = 3%× $500= $15

Total finance charge = $8.75 +  $15= $23.75

Total finance charge=$23.75

6 0
3 years ago
Other questions:
  • A small wine and cheese store in Milwaukee sells dozens of different type of cheese: Bulgarian, French, Danish, Greek, and a dom
    10·1 answer
  • Lance Brothers Enterprises acquired $720,000 of 3% bonds, dated July 1, on July 1, 2016, as a long-term investment. Management h
    13·2 answers
  • You are assigned to weigh mrs. abrera using an electronic scale. when you plug the unit into the outlet, a spark shoots out. the
    12·1 answer
  • Wats a different way to say "measure the area and cut flooring material to fit"
    13·1 answer
  • The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food
    9·1 answer
  • Two years ago, Bethel, Inc. bought $47,500 in bonds from another company. This month, it sold half of those bonds for $22,040 an
    8·1 answer
  • Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producin
    12·1 answer
  • _____ money is what's available after paying for the necessities of life
    10·2 answers
  • Benjamin, a military officer, strongly believes that a soldier has to do whatever it takes to protect his or her country. In the
    12·1 answer
  • question content area sarbanes-oxley applies to a.publicly held companies b.not-for-profit organizations c.privately held busine
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!