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Andrew [12]
4 years ago
9

Which of the following formulas is used to calculate the materials price variance? a.(Actual Price × Actual Quantity) – (Standar

d Price × Standard Quantity) b.(Actual Price × Actual Quantity) – (Standard Price × Actual Quantity) c.(Variable Price × Actual Quantity) – (Total Price × Actual Quantity) d.(Fixed Price × Average Quantity) – (Standard Price × Actual Quantity) e.None of these choices are correct.
Business
1 answer:
GalinKa [24]4 years ago
6 0

Answer:

b.(Actual Price × Actual Quantity) – (Standard Price × Actual Quantity)

Explanation:

The material price variance shows how favourable or otherwise the  actual material price is compared to the standard price. Where the actual material price is higher than the standard price, it results in an unfavorable variance and when the standard price is higher than the actual price, it results in a favourable variance.

The formula for the material price variance

= (Actual price - Standard price) × Actual quantity

= (Actual price × Actual quantity) - (Standard price × Actual quantity)

Hence the right option is b.

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Toll-free hotlines that companies set up to give employees a place to report misconduct are associated with which aspect of ethi
svlad2 [7]

The correct answer to this question is creating systems to monitor and implement ethical standards. Because here the company has taken an action of setting up toll free hotlines to enforce ethical standards. It <span>talks about establishing systems and here in the given scenario toll free hotlines system has been established.</span>

3 0
3 years ago
The required resources for implementing a cost leadership strategy include which of the following? Multiple Choice Substantial c
Alchen [17]

Answer:

Available options are:

A) Substantial capital investment and access to capital

B) Strong marketing capability

C) Reputation for high ethical standards.

D) Effective product engineering and innovative design

Answer: A) Substantial capital investment and access to capital

Explanation:

In business strategy, COST LEADERSHIP is establishing a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience (learning curve). ... If so, that company would have a higher than average profitability.

A cost leadership strategy is a company’s plan to become a cost leader in its category or market.

Substantial capital investment and access to capital is a very reliable resources for implementing a cost leadership strategy.

3 0
3 years ago
Elimination ProceduresA new employee has been given responsibility for preparing the consolidated financial statements of Sample
svetlana [45]

Answer:

Part A)

The eliminating entries are recorded only in the consolidation work paper and therefore do not change the balances recorded on the company's books. Each time consolidated statements are prepared the balances reported on the company's books serve as the starting point. Thus, all the necessary eliminating entries must be entered in the consolidation work paper each time consolidated statements are prepared.

Part B)

For acquisitions prior to the application of FASB 141R, the balance assigned to the non-controlling shareholders at the beginning of the period is based on the book value of the net assets of the subsidiary at that date and is recorded in the work paper in the entry to eliminate the beginning stockholders' equity balances of the subsidiary and the beginning investment account balance of the parent. For acquisitions after the effective date of FASB 141 R, the non-controlling interest at a point in time is equal to its fair value on the date of combination, adjusted to date for a proportionate share of the undistributed earnings of the subsidiary and the non-controlling interest's share of any write-off of differential. Another approach to determining the non-controlling interest at a point in time is to add the remaining differential at that time to the subsidiary’s common stockholder’s equity and multiply the result by the non-controlling interests proportionate ownership interest in the subsidiary  

Part C)  

In the consolidation work paper the ending balance assigned to non-controlling interest is derived by crediting non-controlling interest for the starting balance, as indicated in the preceding question, and then adding income assigned to the non-controlling interest in the consolidated income statement and deducting a pro-rata portion of subsidiary dividends declared during the period.

Part D)

All the stockholders' equity account balances of the subsidiary must be eliminated each time consolidated financial statements are prepared. Inter-company receivables and payables, if any, must also be eliminated.

Part E)

The "investment in subsidiary" and "income from subsidiary" accounts must be eliminated each time when the consolidated financial statements are prepared. Inter-company receivables and payables, if any, must also be eliminated.

3 0
3 years ago
In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million
ycow [4]

Answer:

Adults= 239.75 million.

Explanation:

Giving the following information:

In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 139.93 million were employed, 13.43 million were unemployed, and 86.39 million were not in the labor force.

Adults= 139.93 + 13.43 + 86.39= 239.75 million.

4 0
4 years ago
Why drill should be performed in single beat?​
bezimeni [28]

Answer:

Once your body gets used to a certain movement your muscle are ready for it just about everyday. If you dont do it all at once then you wont be getting all the stuff that you want.

Explanation:

7 0
3 years ago
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