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ludmilkaskok [199]
3 years ago
10

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of materi

al at $5.30 and standard costs for 4,440 pounds of material at $6.40 per pound. The direct materials quantity variance is a.$5,115 favorable b.$1,344 favorable c.$5,115 unfavorable d.$1,344 unfavorable
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

D. $1,344 unfavorable

Explanation:

We know,

Direct materials quantity variance = (Standard Quantity - Actual Quantity) × Standard price

Given,

Standard Quantity = 4,440 pounds of material

Actual Quantity = 4,650 pounds of material

Standard price = $6.40

Putting the values into the above formula, we can get,

Direct materials quantity variance = (4,440 - 4,650) pounds × $6.40

or, Direct materials quantity variance = -210 pounds × $6.40

Therefore, Direct materials quantity variance = $1,344

As the actual quantity is higher than standard quantity, the situation is unfavorable. Therefore, option D is the answer.

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As inflation in the United States is higher, the dollar is affected by a loss of purchasing power, therefore it depreciates with respect to the Mexican peso.

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3 years ago
the u.s. internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms
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8 0
1 year ago
Q 6.3: Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approxima
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Answer:

D : 2.17%.

Explanation:

The 26% is an APR(Annual Percentage Rate). This is a quoted rate that  a credit card company charges . It is also known as the  nominal rate.

Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;

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3 years ago
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2 years ago
The debt-to-income (DTI) ratio of a borrower is used to compare to the borrower's gross monthly income.
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Answer:

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Explanation:

Edge

5 0
3 years ago
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