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nadezda [96]
3 years ago
8

Firelight Company manufactures candles. The standard direct materials quantity required to produce one large candle is one pound

at a cost of $5 per pound. During November, 7,200 large candles were produced using 7,500 pounds of direct materials that cost $45,000.
Using the format below, prepare an analysis of the direct materials variances.
Business
1 answer:
Murljashka [212]3 years ago
4 0

Answer:

Explanation:

for each pound cost 5$

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Which of the following statements are reasons why operations management is important?
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Answer: D. All of these are reasons why operations management is important.

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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
2 years ago
A business will construct its financial statements in a particular order because they are interrelated. This means that items fo
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Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

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7 0
3 years ago
Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in applications ranging from the c
gladu [14]

Answer:

<u>Overhead Report for heavy-duty trailer axles.</u>

Order size ($ 16.85 × 200)              $3,370.00

Customer orders ($ 320.00 × 1)        $320.00

Product testing ($ 89.00 × 4)            $356.00

Selling ( $ 1,090.00 × 2)                  $2,180.00

Total                                                 $6,226.00

Conclusion :

The total overhead cost assigned to the order is $6,226.00

Explanation:

ABC system allocates overheads to jobs using cost drivers.

First an Activity Center where costs accumulate is identified these can be several in our scenario we have four Activity Centers.

Then the Cost driver rate is calculated for each Activity Center. Our question has provided these.

The final step is to allocate the overheads to a particular job using the cost driver rate.

7 0
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When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money s
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Answer:

The correct answer is:  shifts rightward, causing the price level to rise.

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The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.

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Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until
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Answer:

Answer is given below.

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discontinued segment (75000*80%)  

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8 0
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