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Anestetic [448]
3 years ago
10

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price

standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is: Multiple Choice a. $6,084 F b. $5,580 U c. $6,084 U d. $5,580 F
Business
1 answer:
Roman55 [17]3 years ago
4 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

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WHAT ARE STAKEHOLDERS FOR GOVERNMENT PROVISION??
Temka [501]

Answer:

A stakeholder is any person or organization that has a legitimate interest in a specific project or policy decision. As an economist, whenever you are required to discuss the costs and benefits.

5 0
3 years ago
when the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for arthur andersen, experien
Goshia [24]

All major accounting companies, with the exception of Arthur Andersen, experienced significant losses when the savings and loan sector collapsed in the 1980s since they were in charge of performing audit work on failing financial institutions.

The first significant financial crisis following the Great Depression was the Savings and Loan Crisis of the 1980s and 1990s. Customers and taxpayers suffered as a result of the crisis, which saw thousands of savings and loan organizations close their doors and billions of money wasted. There were 4,039 savings banks in operation in 1980, and between 1980 and 1994, over 1,300 of them collapsed. The fund that protected the deposits of savings banks was destroyed as a result of the high percentage of failures, and the remaining institutions as well as the taxpayers were hit hard by the costs.

The United States had a financial crisis in the 1980s as a result of both rising high-yield debt instruments, or "junk bonds," and surging inflation. As a result, more than half of the country's Savings & Loans institutions failed. The origin of the S & L crisis was the 1934 expansion of federal deposit insurance to S & Ls. Because all S & Ls paid the same insurance premium rate regardless of how safe or dangerous they were, deposit insurance was actuarially unsound from the start.

Learn more about the loan sector collapsed:

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8 0
2 years ago
David worked 7 3⁄4 hours each day, Monday through Friday. If he was paid $11.90 per hour, what is his straight pay?
Yuri [45]

Answer

$92.225

Explanation

Straight pay is calculated by multiplying the hourly rate by the number of hours you worked.  11.90dollars by 7.75 equals 92.225dollars.

4 0
3 years ago
Would pebbles at the beach make a good form of money explain why or why not.
Artemon [7]

Answer:

No, they would not.

Explanation:

Pebbles are too easy to come by. They would not be very valuable as everyone could easily get very many.

4 0
4 years ago
Read 2 more answers
If sellers expect higher basket prices in the near future a) supply of baskets will increase. b) supply of baskets will decrease
AleksandrR [38]

Answer:

Supply of basket decrease

Explanation:

If seller expect higher basket prices in the near future then <u>the supply of basket decrease.</u>

<em>Supply is that quantity which any seller wants to send in the market .</em>

There are various factor which effect the supply are :

  • Government policy
  • Expectation
  • Taste of customers
  • Technology
  • Tax and subsidies
  • number of seller in the market

As in question , as it is said that if seller expect higher basket prices in the near future then no doubt the supply will decreased it is because of reason  that <em>demand of goods is increased .</em>

Decrease in supply shift the supply curve towards left and disturbe the equilibrium. Decrease in supply cause the shortage of goods which automatically increase the price.

5 0
3 years ago
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