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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

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The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri

zvonat [6]

Answer:

e. $104,000.

Explanation:

The computation of the ending capital balance is shown below:

As we know that

Ending capital balance = Opening capital balance + net income - withdrawn amount

where,

Opening capital balance = $64,000

Net income is

= Revenues - expenses

= $100,000 - $48,000

= $52,000

And, the withdrawn amount is $12,000

So, the ending capital balance i s

= $64,000 + $52,000 - $12,000

= $104,000

8 0

3 years ago

You have just turned 30 years old, have just received your MBA, and have accepted your first job. Now you must decide how much

Nata [24]

Answer:

Annual deposit= $21,568.87

Explanation:

Giving the following information:

You have just turned 30 years old. Every dollar in the plan earns 9 % per year. You cannot make withdrawals until you retire on your 60th birthday.

You will need $ 98,000 per year starting at the end of the first year of retirement and ending on your one-hundredth birthday.

First, we need to calculate the total amount needed at age 60.

Final value= 30years*98,000= $2,940,000

To calculate the annual deposit we need the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (2,940,000*0.09)/[(1.09^30)-1]= $21,568.87

4 0

3 years ago

The treasurer of a major U.S. firm has $29 million to invest for three months. The interest rate in the United States is .29 per

7nadin3 [17]

Answer:

Check the following calculations.

Explanation:

The U.S. firm has $29 million

Investment is for three months

And the interest rate in the United States is .29 percent per month

The value of the investment if the money is invested in U.S

= $29 million *(1+ 0.29%) ^3

= $29.2530 million

The interest rate in Great Britain is .33 percent per month.

The spot exchange rate is £.629

And the three-month forward rate is £.632.

The value of the investment if the money is invested in Great Britain

Value after spot exchange = $29 million *(£.629/$1) = £ 18.241 million

Value after three months interest earning = £ 18.241*(1+0.33%) ^3

= £ 18.4222 million

Exchanging again in US $ after 3 months

= £ 18.4222 *($1/£ .632) = $29.1490 million

Therefore the value of the investment if the money is invested in Great Britain is $29.1490 million.

The value of investment will be more if the money is invested in U.S.

6 0

3 years ago

Which feature is a characteristic of secure access? select one: accounting deception environment simulation compliance

Arte-miy333 [17]

Compliance is a feature of secure access.

<h3>What is secure access?</h3>

This is the term that is used in cyber security to mean the bringing together of secure cloud security into the cloud services.

It works by enabling both security and network together as a service that can be rendered via cloud. What this helps to do is to ensure the safety and the security of the services.

Read more on security of computer systems here:

brainly.com/question/25720881

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5 0

2 years ago

George’s t-shirt shop produces 5,000 custom printed t-shirts per month. george’s fixed costs are $15,000 per month. the marginal

k0ka [10]

Answer: Price is $7 when sale is 5000 and $6 when sale is 7,500 units.

Explanation:

$Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced) = $15,000 + $4(5000) $15,000 + $20,000 = $35,000$

George will breakeven when his price is just sufficient to cost the total cost.

$Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $35,000 = 0 P*5000 = $35000 P= $35,000/5000 P=$7$

If George sells 50% more, then his sales is 7,500 units.

$Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced) = $15,000 + $4(7,500) $15,000 + $30,000 = $45,000$

George will breakeven when his price is just sufficient to cost the total cost.

$Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $45,000 = 0 P*7500 = $45000 P= $45,000/7,500 P=$6$

When sales is 5000 units price is $7. When sales is 7,500 units price is $6.

8 0

3 years ago