Answer:
A. $55,125 favorable
Explanation:
The direct materials quantity variance is given by the difference between actual quantity used in production and the standard quantity valued at the standard cost.
Actual quantity used in production = 9,900 pounds
Standard quantity for actual units produced = 16,200 pounds
Standard cost per pound =$8.75.
The direct materials quantity variance is:
Since the company used a lesser quantity than the expected (standard) quantity, the balance is favorable.
Therefore, the answer is A. $55,125 favorable.
Answer:
net income: $ 451,010
EPS: $ 6.32 per share
Explanation:
net sales 2,409,200
cost of good sold (1,464,600)
gross profit: 944,600
operating expenses:
selling expenses (284,000)
operating income 660,600
non operating:
interest revenue 38,100
interest expense (54,400)
non operating expense (16,300)
earning before taxes: 644,300
tax expense: 30% 193,260
net income 451,010
shares outstanding 71,390
Earning per share: 451,010/71,390 = 6,31755
Answer:
(2.25 * 1.06) / [26.5 * (1 - 8%)] + 6% = .15782608 now multiply by 100 to get %
15.78%
Explanation:
The following formula is used to calculate cost of new equity:
Cost of New Equity = D1 / [ Po * (1 - F)] + g
Where,
D1 is dividend in next period...current dividend * (1 + dividend growth rate)
Po is the issue price of a share of stock
F is the ratio of flotation cost to the issue price
g is the dividend growth rate.
The growth rate referred above is the sustainable growth rate which equals the product of retention ratio and return on equity (ROE).
C goods industries hope I helped
Answer:
The correct answer is D.
Explanation:
Giving the following information:
An outside company has offered to supply one component, part number X76, for $12 each. Ring uses 22,000 of these components per year. Costs of X76 are as follows: Direct materials $3.00 Direct labor $1.50 Variable overhead $2.75 Fixed overhead $5.00 Suppose that 30% of the fixed overhead is avoidable if part X76 is not made by Ring.
Buy= 12*22,000= 264,000
Fixed overhead= (5*0.70)*22,000= 77,000
Total= $341,000
Make in-house:
Direct material= 3
Direct labor $1.50
Variable overhead $2.75
Fixed overhead $5.00
Total unitary cost= 12.25
Total cost= 12.25*22,000= $269,500