1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galben [10]
2 years ago
13

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

nd uses 3,200 pounds of materials costing $16,192 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Business
1 answer:
Lelechka [254]2 years ago
5 0

Answer:

A)1192 A

B) 192 A

C)  1000 A

Explanation:

The Question is to Compute Simba Company's Total, Price, and Quantity materials Variances

1) Computation of material Cost Variance

= The Standard Cost - The Actual Cost of the material

= 1,500 units x 2 pounds = 3000 pounds

Standard Cost = 3,000 pounds x $5 = $15,000

Therefore material variance = $15,000 - $16,192 = 1192A

2) The material Rate Variance or the Price Variance

= (Standard Rate - Actual Rate) Actual Quantity

= Actual Rae = $16,192 / 3200 = $5.06

Material Rate Variance = (5- 5.06) x 3,200

= 192 A

3) The material Usage Variance or Quantity variance

= (The Standard Quantity - Actual Quantity) Standard Rate

Standard Quantity = 1,500 Units x 2 Pounds = 3000 pounds

Material Usage Variance = (3,000-3,200) 5

= 1000 A

You might be interested in
The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) __
RUDIKE [14]

The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral  appraisal.

<h3>What is behavioral  appraisal ?</h3>

Behavioral appraisal  is usually focus on specific actions that are related to the job it usually define desired parameters of the action s in the job .

In this case, The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral  appraisal.

Learn more about behavioral  appraisal on:

brainly.com/question/18597072

#SPJ1

5 0
1 year ago
Which of the following is the formula for calculating the lifetime value of a​ customer?
Nadya [2.5K]

The formula for calculating the lifetime value of a​ customer the amount a person will spend MINUS the cost to maintain the relationship

<u>Explanation:</u>

Any company must measure the customer lifetime value for its success. Customers are the important factor that decides the growth of any business. They play an important role of buying the goods and services produced by any business. It is required to know how much it costs to attain new customers than retaining the older customers.

By measuring the CLTV, a company can make better decisions like the goals related to marketing, reduction in the cost related to acquisition, customer retention,etc. CLTV can be measured by subtracting the  amount spent by a customer  from the total cost that is spent in maintaining the relationship with that customer.

3 0
3 years ago
Select the correct answer.
MAVERICK [17]

Answer:

A.

Explanation:

7 0
2 years ago
Read 2 more answers
The tool that is used in situations when programmed decision making is appropriate is a _____ plan.
fredd [130]

A standing plan is the answer.

8 0
3 years ago
Consumers are willing to pay more for a product if
love history [14]
I think it should be A
5 0
3 years ago
Other questions:
  • If a process produces 1,350 DPMO over the short term, what is the expected Sigma Level over the long term
    14·1 answer
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    7·1 answer
  • During the current year, Paul, the vice president of a bank, made gifts in the following amounts: To Sarah (Paul's personal assi
    14·1 answer
  • Business personal property rendition of taxable property. True or False
    5·1 answer
  • The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme
    14·1 answer
  • How would you bookmark a web page using a GUI web browser?
    10·1 answer
  • If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 t
    9·1 answer
  • Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a
    12·1 answer
  • Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including​ Char
    9·1 answer
  • When proving cash , cash balance is compared to _____.?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!