All categories

3 years ago

Relevant information for Material A is as follows:

Business

1 answer:

stiv31 [10]3 years ago

7 0

Answer:

Direct Material Quantity Variance = $2,000 Unfavorable

Explanation:

For the provided information we have,

Actual quantity used = 6,500 lbs

Standard quantity allowed for actual production = 6,000 lbs

Actual price = $3.80

Standard price = $4.00

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) $\times$ Standard Price

= (6,000 lbs - 6,500 lbs) $\times$ $4.00

= - $2,000

As we can see that actual quantity used is more than the allowed standard quantity, thus, the variance is unfavorable.

Direct Material Quantity Variance = $2,000 Unfavorable

You might be interested in

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on Nove

kkurt [141]

Answer:

i am sorry i do not know

Explanation:

sorry

3 0

3 years ago

what is a patent registration, design registration, NDA( non disclosure agreement, and a trademark registration

nata0808 [166]

Answer:

find all answers in the explanation below

Explanation:

Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office

Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.

Non disclosure agreement: This is a legal contract that exists between two parties in which confidential messages, information, etc exchanged between them cannot be revealed to a third party. A non disclosure agreement is also called a confidential agreement or secrecy agreement or confidential disclosure agreement, etc among other names.

Trademark Registration: This can be defined as the registration of the protection of a company's mode of identity with its customers. Trademarks range from signs to symbols, to words, etc.

Cheers.

8 0

3 years ago

Why is going to a restaurant to eat dinner both a good.and a service

lions [1.4K]

You eat at the time you need to and they service you

3 0

3 years ago

Read 2 more answers

Does experiencing communication always result in better communication? (Interpersonal communication)

JulsSmile [24]

Yes experiencing communication will result with better communication because the experienced person may know many words and new words to complete his communication

8 0

3 years ago

Bill has been adding funds to his investment account each year for the past 3 years. He started with an initial investment of $1

Nookie1986 [14]

Answer:

2.96% will be effective rate of the investment

Explanation:

First year:

1,000 x 1 + 10%) = 1,100

Second year:

1,100 + 3,000 = 4,100 invesmtent balance

4,100 x (1 - 5%) = 3,895

Third year:

3,895 + 2,000 = 5,895

5,895 x (1 + 2%) = 6012.9

Fourth year:

6012.9 + 500 = 6512.9

6,512.9 x (1+ 8%) = 7033.932

We calcualte rate that is equivalent with the following cash flow:

$1,000 (1+r)^4 + 3,000 (1+r)^3 + 2,000(1+r)^2 + 500(1+r) = 7,033.93$

We solve using excel goal seek

0.029646151

6 0

3 years ago