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aalyn [17]
3 years ago
12

Dynondo Incorporated planned to use materials of $12 per unit but actually used materials of $13 per unit, and planned to make 1

,500 units but actually made 1,800 units. 2. The flexible-budget amount for materials is ________. a) $18,000 b) $19,500 c) $21,600 d) $23,400 3. The flexible-budget variance for materials is ________. a) $1,500 favorable b) $1,800 unfavorable c) $1,500 unfavorable d) $1,800 favorable 4. The sales-volume variance for materials is ________. a) $3,600 favorable b) $3,900 unfavorable c) $3,600 unfavorable d) $3,900 favorable
Business
1 answer:
vaieri [72.5K]3 years ago
8 0

Answer:

A. Flexible Material Budget = $21,600

B. Flexible Material Budget Variance = $1,800 (unfavorable)

C. The sales-volume variance for materials = $3,600 (favorable)

Explanation:

Dynondo Incorporated

A Flexible Budget adjusts the volume of an already approved Master Budget to reflect the Actual Volumes before carrying out a variance Analysis of Actual versus Budget. This is unlike the normal variance process where the volume is for Budget remains fixed and is compared to Actual to reflect a favorable or unfavorable comparison

Budgeted Material Cost = $12 Per Unit.......(a)

Actual Material cost = $13 Per Unit.......(b)

Actual Volume = 1,800......(c)

Budgeted Volume = 1,500......(d)

A. Flexible Material Budget amount = (c) x (a) = 1,800 x $12

= $21,600.........(e)

B. Flexible Material Budget Variance = Actual Material Cost minus (e)

= ($13 x 1,800) minus $21,600

= $23,400 - $21,600

=$1,800 (unfavorable)

C. The sales-volume variance for materials = Budgeted Price per Unit x (Actual Units Sold – Budgeted Units Sold)

= (a) x [(c) - (d)]

= $12 x (1,800 minus 1,500)

= $12 x 300

= $3,600.

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Explanation:

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True. When you analyze the key elements of a country's economic perspective environment, it is best to apply a systems perspective. When you follow the systems perspective you should be taking all of the behaviors, attributes and actions of a system when it's in its environment. instead of individualizing people and things within, it's an overall evaluation of the system. 
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When making contingency estimates, the contractor should Select one: a. estimate the amount to mitigate high impact and probable
coldgirl [10]

Answer:

a. estimate the amount to mitigate high impact and probable issues.

Explanation:

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A contingency is an amount of money which is added to the initial or standard cost estimate so as to cover risk exposure and any uncertainty.

When making contingency estimates, the contractor should estimate the amount to mitigate high impact and probable issues.

As a result of uncertainties that are peculiar to everything in life, most especially projects undertaken, it is very important and necessary that the contractor should set aside an amount of money to mitigate or lessen any high impact such as dwindling prices, miscellaneous, faults, repairs and other probable issues that may arise in the process of execution.

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The aggregate quantity of goods and services demanded changes as the price level rises because
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Answer:

a.

Explanation:

The aggregate quantity of goods and services demanded changes as the price level rises because real wealth falls causing interest rates to rise, and this in term causes the dollar to appreciate since the interest rates are for products and services within the country and not foreign goods or services. Which as the dollar appreciates it means that foreign goods and services will become cheaper or that their relative price will fall.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,500 pounds of coffee annually. The
andre [41]

a) The determination of the optimal size of the order assuming an EOQ model for the local coffee shop is <u>265 pounds</u>.

b) The total cost in the new coffee shop where the demand for coffee increased to 4,000 pounds at an order size of 265 pounds per order (assuming a unit cost of $3 per pound) is <u>$253,500</u>.

<h3>What is the EOQ Model?</h3>

The economic order quantity (EOQ) model calculates the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

It is determined using the following model:

EOQ = square root of: 2 (ordering costs)(demand rate) / holding costs.

Thus, the EOQ model can be worked out as follows:

  • Determine the demand units.
  • Determine the ordering cost.
  • Determine the holding cost.
  • Multiply the demand by 2.
  • Then multiply the result by the order cost.
  • Divide the result by the holding cost.

<h3>Data and Calculations:</h3>

a) The annual demand for coffee = 3,500 pounds

Holding cost per pound = $10

Ordering cost = $100

EOQ = square root of: 2 ($100 x 3,500) / $10

= 265 pounds

The annual demand for coffee = 4,000 pounds

Holding cost per pound = $60

Ordering cost = $100

EOQ (Order size) = 265 pounds

Assumed unit cost per pound = $3

The total cost in the new coffee shop = $

Annual holding cost = $240,000 ($60 x 4,000)

Annual ordering cost = $1,500 ($100 x 4,000/265)

Annual purchase cost = $12,000 (4,000 x $3)

Total costs = $253,500

Learn more about the economic order quantity at brainly.com/question/14625177

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