Answer:
$3,600 unfavorable
Explanation:
Given:
Standard material price = $9 per square foot
Actual material price = $9.2 per square foot
Standard material = 3 square feet
Standard material allowed = 1,000 × 3 = 3,000 square feet
Actual material used = 3,400 square feet
Direct material quantity variance = (Standard material allowed - Actual) × Standard price per unit
= (3000 - 3400) × 9
= $3,600 unfavorable
Actual material used is more than standard material allowed, so variance is unfavorable.
True I think don’t make and answer off me think harder about it
Answer:
$30,300 and $384,000
Explanation:
The computation of the gain and the amount should acquired is shown below;
The gain is
= Fair value - undepreciable cost
= $492,000 - $461,700
= $30,300
And, the amount at which the computed should be recorded is equivalent to the fair value i..e $384,000
The same is considered and relevant
Answer:
Leads the economy to the wrong mix of output
Explanation:
Market failure is the when there is an inefficient distribution of goods and services in the free market.
One of the types of market failure is externality
Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
Answer:
1,176 units
Explanation:
The demand which is created due to a season or specific time in each year is called seasonal demand.
Seasonal Demand = 1,000 units
Seasonal Index = 0.85
Using following formula we can calculate the deseasonalized sales
Seasonal demand = Deseasonalized Sales x Seasonal Index
Placing value in the formula
1,000 units = Deseasonalized Sales x 0.85
Deseasonalized Sales = 1,000 / 0.85 = 1176.47
Deseasonalized Sales = 1,176 units