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BabaBlast [244]
2 years ago
13

The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials

quantity variance was $375 favorable. each unit uses 1 pound of materials. how many units were actually produced?
Business
1 answer:
katrin2010 [14]2 years ago
7 0
The standard quantity that is produces is multiplied to the standard price. The product is subtracted to the quantity variance and will be divided to the standard price. The product you have acquired will be the units that are produced.

4,500 pounds x $2.50 = 11,250
11,250 - $375  = 10,875
10,875 / $2.50 = 4,350

Answer: There are 4,350 units produced.
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Explanation:

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The optimal production quantity for the card can be calculated going through these steps

first we determine

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= ( selling value - cost of card) /  ( selling price - salvage value )

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Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV ( 0.8667 )

next we calculate

<em>u</em> = n * mean demand

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б = 200\sqrt{n} = 200 * 2

  = 400

Hence optimal production quantity for the card

= <em>u</em> + Z (0.8667 ) * б

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Answer:

Explanation:

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b)

Assuming that the absolute Purchasing Power Parity PPP holds,

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c)

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