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marshall27 [118]
2 years ago
14

The standard price and quantity of direct materials are separated because a.GAAP and IFRS reporting requires separation b.standa

rd prices are more difficult to estimate than standard quantities c.standard quantities change more frequently than standard prices d.direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department
Business
1 answer:
geniusboy [140]2 years ago
5 0

Answer:

The correct answer is letter "D": direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department.

Explanation:

Standard price is the estimated price direct materials could have at the moment of ordering a purchase. Standard quantity refers to the forecasted number of units necessary for the production process of the firm. The two of them are separated to allocate each one to the department in charge of their providing accurate measures: <em>standard prices are set by the purchasing department while the standard quantity is estimated by the production department. </em>

The efficiency of standard price and quantity relies on the purchasing and production departments separately.

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Dan would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much d
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Answer:

$13,241

Explanation:

From the data we were given in the question:

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time = t  = 30 year

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solution

future value = principal ( 1+ rate)^(t-1)  / rate

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we make principal, p, subject of the formula.

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Principal = 1,500,000 / 113.2832

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3 years ago
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Answer:

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Answer:

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Explanation:

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