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lana66690 [7]
3 years ago
13

When U.S. goods become more expensive relative to foreign goods, exports will __________ and imports will __________.

Business
1 answer:
ipn [44]3 years ago
3 0

Answer:

fall, rise

Explanation:

US goods will become less expensive

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Frogue Corporation uses a standard cost system. The following information was provided for the period that just ended:
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Answer:

Materials Cost Variance = 6500 favorable

Explanation:

Frogue Corporation

AP= Actual price per kilogram $2.50

AQ= Actual kilograms of material used 31,000

SP = Standard price per kilogram $2.80

SQ= Standard kilograms per completed unit 6 kilograms = 5000 units *6 kg= 30,000 kg

Material Price Variance =( AP -SP)(AQ)=

                                  =  ( $2.50- $2.80)31,000 = 9300 Favorable

It is favorable because the standard price is higher than the actual price.

Material Quantity  Variance  =( AQ -SQ)(AP)=  (31000- 30,000) 2.8

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It is unfavorable because the standard quantity is lower than the actual quantity.

Materials Cost Variance =Material Price Variance+Material Quantity  Variance

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Materials Cost Variance = 6500 favorable

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