Answer:
$34,000 Units
Step by Step Explanation:
Direct Material Quantity Variance
= SP x (AQ – SQ Allowed)
Therefore:
SQ allowed: $56,000 units x 4 lbs = $224,000 lbs.
Direct Material Quantity Variance: $8.50 x ($228,000 lbs – $224,000 lbs) = $34,000 Units
The direct material quality variance is $34,000 Units
Ill ask for help from another coworker- if there was no one else available to help them I would help the customer if I am in that field
i needed points
Answer:
Cost of new equipment is $3,360,000
It consist of price of new equipment and asset's installation, shipping and delivery cost.
Explanation:
Cost of equipment includes cost of acquisition and any installation, shipping or delivery cost.
Acme's cost of new equipment:
Acquisition cost = $3,200,000
Shipping and installation cost = $160,000
Total cost = $3,360,000
Note: This is not given in option but this is the answer as per the data given.
New equipment cost includes price of equipment plus installation, shipping and delivery cost of asset.
Answer:
A short-run decrease in real GDP.
Explanation:
A short-run decrease in real GDP.
The last option is correct because the prices are inflexible which means an increase or decrease in quantity will have no effect on the prices. So, the negative demand shock( means a sudden decrease in quantity) will not affect the price but it will decrease the real GDP because the demand curve will shift leftwards.
Answer:
A liquidated damages clause
Explanation:
A liquidated damages clause or provision is included in an agreement specifying an amount of money that establishes the damages that will be recovered by one party in the event of another party's breach to the contract.
Liquidated damages are agreed upon by parties to the contract at the time of signing the agreement.
In this scenario, the provision of $1,000 in the agreement constitutes a liquidated damages clause.