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
zhenek [66]
3 years ago
7

Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.7 ounces of aluminum per can.

During the month of April, 450,000 cans were produced using 1,875,000 ounces of aluminum. The actual cost of aluminum was $0.10 per ounce and the standard price was $0.08 per ounce. There are no beginning or ending inventories of aluminum.
Required:Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and select Favorable or Unfavorable.
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

-$18,300(Unfavorable)

Explanation:

Material price per variance:

= Ounces of aluminium used in production(Standard price - Actual cost per ounce)

=  1,875,000 ($0.08 - $0.10)

= 1,875,000 × (-$0.02)

= -$37,500 (Unfavorable)

Material usage variance:

=  [(Cans produced × Standard unit quantity) -  Ounces of aluminium used in production] × Standard price

= [(4,50,000 × 4.7) -  1,875,000] × 0.08

= $19,200 (Favorable)

Therefore,

Total variance = Material price per variance + Material usage variance

                        = -$37,500 + $19,200

                        = -$18,300(Unfavorable)

You might be interested in
A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

                                                              = 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0
3 years ago
good management can lead to the success of a business entity with the aid of a field research analyse the viability of the funct
serious [3.7K]
True. Good management can lead to the success of a business entity with the aid of a field research analyst and the viability of the functions of management. Having good management directly relates to having a smooth running operation. The management team makes sure their individual groups are operating how they should and working efficiently for the overall goals to be met.  
8 0
3 years ago
Describe the nature and types of businesses. ​
const2013 [10]

Answer:

The nature of business is a statement about a company's offering to its clients, its industry, legal structure, or any other distinctive qualities of the business. For example, if you say a company in the “private sector”, you evaluate the nature of the company based on its nature to earn profits.

Explanation:

Hope This Helps,

If The question is Correct May i have Brainliest

Thank You

8 0
2 years ago
At what point in life should I using a checking account and why?
Gwar [14]
When you're in middle school or younger, so you can save up money for college, a car, or whatever you need.
3 0
3 years ago
A ________economy usually stresses the equality of all citizens. A________ economy aims to be self-sufficient. A ________economy
Alja [10]

Answer:

Command economy

Closed Economy

Traditional Economy

Mixed Market Economy

Explanation:

A command Economy  stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

5 0
3 years ago
Read 2 more answers
Other questions:
  • What is demand? (Select the best answer.) The amount of something available to consumers The amount of something consumers want
    6·2 answers
  • Four years ago, Mr. B sold his personal property on contract for $200,000, which resulted in a capital gain of $100,000. Mr. B p
    11·1 answer
  • Aubree Blake is a politician who leads campaigns for organic foods in the rural counties of her country. Several farmers in diff
    11·1 answer
  • On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required
    5·1 answer
  • Most stock exchanges today use floor trading with human brokers.
    8·1 answer
  • Determining the magnitude of possible losses from a premature death can be complicated. the best method is the
    15·1 answer
  • Over the course of 40 years, Sal grew his company to six package shipping stores. With his retirement approaching and the increa
    6·2 answers
  • The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i
    7·1 answer
  • The following information is available for Quality Book Sales's sales on account and accounts receivable:
    15·1 answer
  • Marking brainliest! What is an example of a public corporation?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!