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never [62]
3 years ago
10

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t

he current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance—unfavorable $1,000 Direct materials price variance—unfavorable $1,500 Determine the standard direct materials cost per unit of finished product
Business
1 answer:
statuscvo [17]3 years ago
3 0

Answer:

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

Explanation:

Volume variance

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: efficiency \: variance

std quantity                   2800.00  (1,400 units times 2 pounds per unit)

actual quantity           3000.00

std cost                                     ??

(2,800-3,000) \times standard \: cost = -1,000

difference                     -200.00

efficiency variance        $(1,000.00)

-200 x Std cost = -1,000

Standard cost = -1,000/-200 = 5

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

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Raymond Vernon noticed that in the 1960s, the wealth and size of the U.S. market was a natural incentive to develop new consumer
Ksivusya [100]

Answer:

The correct answer is d) product life-cycle.

Explanation:

The life cycle of a product is the evolution of sales of that product during its permanence in a given market. Depending on the product and the sector, its useful life may be greater or lesser. In addition, other factors also influence such as the administration's policies in the area where the product is marketed.

A product since it appears in the market does not always maintain the same sales trend. There are fluctuations that have to do with demand but can also influence other issues such as those related to legislation.

With regard to demand, it can happen, for example, that a product goes out of style or is replaced by a new one that meets the needs of the former. E.g. Think of the music player market, how many have we met? From the walkman, through the discman, then the Mp3, Mp4, Ipod, and even the mobile phone as a player. We can say that the discman, for example, had a fairly short life cycle.

In this regard in Economics there is a theory that explains the stages through which a product passes with respect to its production and sales, it is known as the theory of the life cycle of a product. It was defined by the American economist Raymond Vernon who assured that every product or service undergoes a similar market evolution.

3 0
3 years ago
Read 2 more answers
Opportunity recognition is the process of identifying, ________, and developing new venture opportunities.
brilliants [131]

Answer:

Selecting

Explanation:

The answer has been added into the question in this paragraph. It is in bold letters. Opportunity recognition is the process of identifying, <u>selecting</u>, and developing new venture opportunities.

when we talk about opportunity recognition we are talking about the ability to perceive new ideas, opportunities for a business or venture. as well as also being on the lookout for ways to improve. a person could just come up with new money making venture, or he could come up with ways to improve an existing venture.

3 0
3 years ago
Can dogs eat vanilla ice cream from mcdonalds
sp2606 [1]
Dogs are generally not allowed to eat vanilla ice cream. It is not recommended because vanilla ice cream is a dairy product containing milk sugar called lactose and also fat. Most dogs are lactose-intolerant. When they ingest dairy product, it would cause loose bowel movement which will then lead to dehydration. For the most part, you can only give small parts to the dog.
3 0
3 years ago
Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $870 and sold them on credi
Olegator [25]

Answer:

                                    Dr.        Cr.

Percy Corporation   $1,215

Sales                                      $1,215

Cost of Goods Sold $870

Finished Goods                     $870

Explanation:

Process costing traces the cost of item on every stage of production. These cost included the direct and indirect costs. At the end all the accumulated costs define the value of Finished Goods.

Journal Entry for sales on credit makes a account receivable and it transfers the cost from finished goods to cost of goods sold as the inventory of finished goods has been sold.

6 0
3 years ago
Case company allocates $5 overhead to each unit produced. the company uses a plantwide overhead rate with machine hours as the a
posledela

Let Department 2 Machine hours Be x, and using the equation below. 

<span>Find  ATQ : </span>

<span>          5= (440000 + 245000) / (74000 + x)</span>

          => 370000 + 5x = 685000

          =>x = 63000

 

Therefore, there are 63,000 machine hours that the company expects in Department 2.

<span> </span>

6 0
3 years ago
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