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Reika [66]
3 years ago
7

Cooper Company has a direct materials standard of 2 gallons of input at a cost of $12.50 per gallon. During July, Cooper Company

purchased and used 6,500 gallons, paying $46,900. The direct materials quantity variance was $750 unfavorable. How many units were produced?
Business
1 answer:
babymother [125]3 years ago
5 0

Answer:

3,220 units

Explanation:

The computation of the material quantity variance is shown below:

Direct material quantity variance = Standard Price × (Standard Quantity - Actual Quantity)

$750 = 2 gallons × $12.50 × (6,500 gallons ÷ 2 - actual quantity)

$750 = $25  × (6,500 gallons ÷ 2 - actual quantity)

$30 = 3,250 - actual quantity

So, the actual quantity would be

= 3,250 - $30

= 3,220 units

The Standard Price is computed below:

= 2 gallons × $12.50

The standard quantity is computed below:

= 6,500 gallons ÷ 2

= 3,250 units

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A service contract for a video projection system costs $90 a year. You expect to use the system for three years. Instead of buyi
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Answer:

$245.09

Explanation:

A service contract for a video projection system costs $90 a year. You expect to use the system for three years.

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PV  

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where

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Present Value of the annuity = 90 x [ ((1 - (1+0.05)^-3) / 0.05] = $245.09

3 0
3 years ago
Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.
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The correct answer is C,
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4 0
3 years ago
Read 2 more answers
Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In
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See attached file

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2 years ago
Qu. 13-95 (Algo) Two products, QI and VH, emerge from a joint process... Two products, QI and VH, emerge from a joint process. P
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Answer and Explanation:

The computation of the financial advantage or disadvantage is as follows:

<u>Particulars                                              Product Q1 </u>

Selling price after further processing  13.00

Selling price at split off point                 11.00

Incremental revenue per pound or gallon 2.00

Total production                                    2,200.00

Total Incremental Revenue                 4,400.00

Total Incremental Processing costs        10,200.00

Total Incremental profit or loss                   (5,800.00)

Since there is an incremental loss so the same would be Sold at split off

7 0
3 years ago
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