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avanturin [10]
3 years ago
8

Select the correct statement from the following, assuming Camacho Company had a favorable direct materials price variance of $2,

300 and an unfavorable direct materials usage variance of $1,600. Multiple Choice The total direct materials variance is $3,900 unfavorable. The total direct materials variance is $700 favorable. The total direct materials variance is $3,900 favorable. The total direct materials variance is $700 unfavorable.
Business
1 answer:
miss Akunina [59]3 years ago
6 0

Answer:

The total direct materials variance is $700 favorable.

Explanation:

Total Direct Material Variance = Material Quantity Variance + Material Price Variance

Material Quantity Variance = $1,600 Unfavorable that means it is negative value

Material Price Variance = $2,300 Favorable that means it has positive value

Now joining both we get total material variance = - $1,600 + 2,300

= $700

Since value is positive it is favorable

Therefore, Total Material Variance = $700 Favorable

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Answer:

Net Sales

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Less:

Sales Discount                         $288

Sales Returns                          <u> $1,000 </u>      <u>  $1,288</u>

Net Sales                                                      $‭99,912‬‬

Gross revenue  = 83,200 + 18,000 = $‭101,200‬

Gross Profit

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Less: Cost of Goods sold                           <u> ($‭52,747‬)</u>

Gross Profit                                                  $‭‭47,165‬

Cost of goods sold

= 44,797 - 600 + 8,550

= $‭52,747‬

7 0
3 years ago
What is financial literature​
Vanyuwa [196]
<h3>Hello there!</h3>

Your question asks what is financial literature.

<h3>Answer: Knowledge and skills that someone has in making good decisions with the financial sources that they have.</h3>

When you look at the word "financial literature", you can see that it has the word "financial" in it, so that means that it's going to be based off of finance.

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The knowledge that an individual could attain from financial literacy could help them in the long run, in which it's highly recommended to learn financial literacy, due to the fact that tons of people are going into debt because they don't know how to manage their finances.

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Answer:

Letter A is correct. <u>TRUE.</u>

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This concept supports that human beings are not passive individuals, therefore they search for goals that will improve the quality of life of society, therefore high competition and debates about natural resources will significantly affect the development of government policies, as the sustainability and use of Natural resources are a topic that is widely discussed today, and society increasingly seeks socio-environmental responsibility from organizations and governments, as this is a relevant issue for survival and quality of life. So this issue will influence policy, which is an adaptive and complex system that exists to manage issues that affect society.

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Answer:

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