1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
4 years ago
13

The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fu

n Inc., a manufacturer of organic toys: Quantity of direct materials used 3,800 lbs. Actual unit price of direct materials $6 per lb. Units of finished product manufactured 1,820 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance—unfavorable $976 Direct materials price variance—favorable $380 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places.
Business
1 answer:
ivanzaharov [21]4 years ago
5 0

Answer:

Standard price= $6.1

Explanation:

Giving the following information:

The quantity of direct materials used 3,800 lbs. Actual unit price of direct materials $6 per lb. Units of finished product manufactured 1,820 units Standard direct materials per unit of finished product 2 lbs.

Direct materials quantity variance—unfavorable $976 Direct materials price variance—favorable $380.

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

380= (SP - 6)3,800

6.1= standard price

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

976= (1820*2 - 3,800)*SP

6.1= standard price

You might be interested in
What is job description​
Tanzania [10]

A job description or JD is a written narrative that describes the general tasks, or other related duties, and responsibilities of a position. It may specify the functionary to whom the position reports, specifications such as the qualifications or skills needed by the person in the job, information about the equipment, tools and work aids used, working conditions, physical demands, and a salary range. Job descriptions are usually narrative,[1] but some may comprise a simple list of competencies; for instance, strategic human resource planning methodologies may be used to develop a competency architecture for an organization, from which job descriptions are built as a shortlist of competencies.[2][not specific enough to verify]

According to Torrington, a job description is usually developed by conducting a job analysis, which includes examining the tasks and sequences of tasks necessary to perform the job. The analysis considers the areas of knowledge, skills and abilities needed to perform the job. Job analysis generally involves the following steps: collecting and recording job information; checking the job information for accuracy; writing job descriptions based on the information; using the information to determine what skills, abilities, and knowledge are required to perform the job; updating the information from time to time. [3] A job usually includes several roles. According to Hall, the job description might be broadened to form a person specification or may be known as "terms of reference". The person/job specification can be presented as a stand-alone document, but in practice it is usually included within the job description. A job description is often used by employers in the recruitment process.

4 0
3 years ago
What activities might require you to provide your social security number? ABoarding an airplane. BBuying something with a credit
vlabodo [156]
The answer would be D. Jobs often require your social security when applying.
4 0
4 years ago
Read 2 more answers
A firm spends a great deal of money in advertising to inform consumers of the brand name of its mushrooms. Should consumers conc
djyliett [7]

Answer: B. Yes. Branding allows the mushrooms to be easily identified in the future. ​ Thus, if they were of inferior​ quality, the company would lose customers and go out of business over time.

Explanation:

Branding is a way of making sure that your product is easily identifiable over other products.

When a company brands it's goods, they are trying to create Brand Awareness and this usually happens when a company plans to stay in a business for a while and indeed with the way the Firm is spending a lot of money on Advertising, one can surmise that they do indeed plan to stay in the business because they have spent a lot.

It would therefore make little to no sense on their part to spend such huge amounts of money to build their brand if their products will be of low quality. The mushrooms have to be of high quality so that people may associate their brand with High Quality.

7 0
3 years ago
Which of the following is NOT a primary activity of the Value Chain model? a. Inbound Logistics b. Operations c. Outbound Logist
vaieri [72.5K]

Answer:

The correct option is d. purchasing

Explanation:

Value chain Model : The value chain model is that model which is used to add the values to the organization.

It comprises of two activities:

1. Primary activities : The primary activities are those activities which includes day to day activities or that activities through which the product can delivered to the final consumer.

It includes inbound logistics, outbound logistics, operations, marketing & sales, and services.

2. Support activities : The activities which support primary activities is called support activities. It includes firm infrastructure, human resource management, technology management, and procurement.

By giving above explanation, the purchasing is not a primary activity of the value chain model

Hence, the correct option is d. purchasing

4 0
3 years ago
Whether you decide to accept or decline a promotion, or are rejected, it is important to your future prospects that you ________
djverab [1.8K]

Answer:

The correct answer is: d.  Thank the people who conducted your promotion evaluation for their consideration.

Explanation:

This response is the best option since it indicates to your employers and future prospects that you are a mature and professional individual.  Option A is unprofessional, and might lead you to be perceived in a poor light by your colleagues and/ or your boss. Option B is not very productive, and is not as effective as option D. Option C doesn't make much sense since-as implied in the question,- you might or might not even receive a promotion.

5 0
3 years ago
Other questions:
  • Gdp excludes most nonmarket transactions. therefore, gdp tends to
    15·1 answer
  • Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
    13·1 answer
  • Corporate decision makers and analysts often use a particular technique, called a DuPont analysis, to better understand the fact
    7·1 answer
  • In some countries, a high premium is placed upon foreigners and foreign items, as they are associated with sophistication –Belgi
    12·1 answer
  • The CPI is more commonly used as a gauge of inflation than the GDP deflator is because...
    10·1 answer
  • List and describe three causes for shifts in the demand curve.<br> (ECONOMICS)
    11·1 answer
  • What are factors of production?
    9·1 answer
  • Pakistan International Airlines is the national flag-carrier of the Islamic Republic of Pakistan. PIA was founded on October 23,
    12·1 answer
  • Please help it’s a final
    5·1 answer
  • The following describes which type of bank? "Serves everyday people like you and me!"
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!