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VikaD [51]
3 years ago
11

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experien

ced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
What was RP’s actual gross profit?
Business
1 answer:
Rudik [331]3 years ago
4 0

Answer:

Gross profit= 131,500

Explanation:

Giving the following information:

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F

To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.

Gross profit= 220,000 - 90,000 + 1,500= 131,500

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At the grocery store, marlon has narrowed down his selections to 44 vegetables, 55 fruits, 66 cheeses, and 77 whole grain breads
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105 if the vegetables, fruits, and cheeses are unique.
6 if the vegetables, fruits, and cheeses are interchangeable.

There are 2 possible solutions to this problem depending upon how you actually look at the problem. Both solutions assume that the problem gets simplified to "What 13 items out of the 4 vegetables, 5 fruits, and 6 cheeses, will Marlon select?" The reason is because Marlon is going to select the 7 breads, so he can only select 13 more items.

First possible solution is that the vegetables, fruits, and cheeses are unique. For instance he has peas, carrots, tomatoes, and beans as his vegetables and the same for fruits and cheeses. For that situation, the number of ways to fill the remaining 13 slots is 15!/(13!2!) = 105 possible ways.

The second possible solution is that he has 4 identical vegetables, 5 identical fruits, and 5 identical cheeses. Since each item of each type is identical, there isn't any real distinction between them. So let's simplify the problem and instead as "Which 2 items Marlon won't buy?" and the answer to that question will be the same as the number of things he will buy. But it will be small enough to completely enumerate the possible solutions. Marlon may throw away as the first item any of a vegetable, fruit, or cheese for a total of 3 possibilities. And for the 2nd item, it can also be any of a vegetable, fruit, or cheese. So you have 9 possibilities. But that's not completely true. There's no real difference between vegetable/cheese and cheese/vegetable. So if you ignore the order, there's a total of 6 different combinations that Marlon can toss out of his cart. And therefore there is a total of 6 possibilities for Marlon to fill the remaining 13 slots he has in order to use the express lane.

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4 years ago
When people need money to pay for housing, food, and clothes, what do they look for?
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Answer:

Government Benefits

Explanation:

it's basically like what a homeless shelter or like a stigmas check

7 0
3 years ago
In an open economy, national saving equals domestic investment____________________?
eimsori [14]

Answer:

A. plus the net outflow of capital abroad.

Explanation:

National saving of any nation is derived from the people´s savings from the total earning after paying for all nessesities, taxes and government purchase. We can further include net export to the total saving, which is export minus import. We know value of net exports must be equal to the value of net capital outflow. Thus, national saving equals domestic investment and the net outflow of capital abroad.

  S= Y-C-G+NX

Where S = saving, Y= Income, C= current consumption, G= Governement purchase, NX= Net export.

         

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3 years ago
Margarita recently started working as a temp for Lucid Systems Technology. On her first day, Shari, her team leader goes over th
ch4aika [34]

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E.

R3. participating

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3 years ago
Funtastic operates on a calendar year. On January 1st, 2017, Funtastic Company placed a new asset into service. The cost of the
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Depreciation expenses for 2007 is $8000

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4 0
4 years ago
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