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Katen [24]
4 years ago
13

An unfavorable materials quantity variance occurs when the actual quantity used in production is less than the standard quantity

allowed for the actual output of the period.
A. True
B. False
Business
1 answer:
Nitella [24]4 years ago
7 0

Answer:

B. False

Explanation:

The formula to compute the material quantity variance is shown below:

Material quantity variance = (Actual quantity - Standard quantity) × Standard rate

The material quantity variance becomes unfavorable when the actual quantity is more than the standard one and when the standard quantity is more than the actual one so it becomes favorable variance

Therefore the given statement is false

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Paper Exchange has 80 million shares of common stock outstanding, 60 million shares of preferred stock outstanding, and 50 thous
Dmitriy789 [7]

Answer:

26.64%

Explanation:

Common stocks outstanding (C) = 80 million

Preffered stock outstanding (P) = 60 million

Number of bonds (B) = 50,000

Cost of common stock (Cc) = $20 per share

Cost of Preffered stock (Cp) = $10 per share

Cost of bond (Cb) = 105% of par

Weight of preferred stock :

(P * Cp) / [(P*Cp) + (C*Cc) + (B * Cb * par value)]

(60mill * $10) / [(60mill * $10) + (80mill * $20) + (50000 * 1.05 * 1000)]

600mill / (600 mill + 1600mill + 52.5mill)

600,000,000 / 2252500000

= 0.2663706

= 26.64%

7 0
4 years ago
The only relevant difference between the curves for a monopoly and the equivalent ones for a firm in a competitive market is tha
mixas84 [53]

<u>The only relevant difference between the </u><u>curves </u><u>for a </u><u>monopoly</u><u> and the equivalent ones for a firm in a competitive market is that </u><u>marginal</u><u> and </u><u>average revenue slope</u><u> downward for the </u><u>monopolist.</u>

What type of curve does a monopoly have?

  • A monopoly encounters a downward-sloping market demand curve in Panel (b).
  • It chooses its profit-maximizing output in its capacity as a profit maximizer.
  • However, after determining that quantity, it uses the demand curve to determine the price at which it can sell that output.

What is a difference between a monopoly and perfect competition ?

While in monopolistic competition, businesses produce slightly different goods, in perfect competition, businesses produce identical goods.

How does a demand curve for a monopoly differ from a demand curve for a perfectly competitive firm?

Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a perfectly competitive firm.

Learn more about monopoly

brainly.com/question/5992626

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3 0
2 years ago
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,990,000 (190,00
forsale [732]

Answer:

The predetermined overhead rate was $7.84

Explanation:

Predetermined overhead rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.

Predetermined overhead rate = Expected overhead / Expected activity

Predetermined overhead rate = Expected overhead / Expected direct labor hours

Predetermined overhead rate = $1,490,000 / 190,000

Predetermined overhead rate = $7.84 per labor hour

4 0
3 years ago
Read 2 more answers
Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $60000, terms 2/10, n
castortr0y [4]

Answer:

$57924

Explanation:

(60000- 1200 x.98) + 300= $57924

3 0
3 years ago
Read 2 more answers
True or false: industrial policies of the united states have been more formal than those of europe and japan. the u.s. governmen
mixer [17]
<span>False. Industrial policies of the United States have been less formal than those of Europe and Japan. The U.S. government encourages exports via its Export-Import Bank and Commodity Credit Corporation. Firms are also allowed to form export trading companies and export trade associations.</span>
5 0
4 years ago
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