Tariff C
Taxes took the test before
Answer:
Direct material quantity variance= $15,351 unfavorable
Explanation:
Giving the following information:
Standard quantity per unit of output 4.6 grams
Standard price $ 15.05 per gram
Actual materials used in production 2,400 grams
Actual output 300 units
To calculate the material quantity variance we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (4.6*300 - 2,400)*15.05
Direct material quantity variance= (1,380 - 2,400)*15.05= $15,351 unfavorable
Answer a) The letter b is best described as the estimate of the cost for an additional customer visit.
Answer b) The letter y is best described as the observed store cost for a given month.
Answer c) The letter x is best described as observed customer visit for a given month.
Answer d) The estimated cost for 370 customer visits is
Y = a + bx
a =$ 687.65 b = $ 7.59 x = 370 customer visits
Y = $ 687.65 + ($ 7.59 * 370 customer visit) = $ 687.65 + $ 2,808.3 = $ 3,495.95
Answer e) The percent of total variance that can be explained by regression equation is R2 = 0.79754 or 79.754%
15? since you have 10 left on hand after last night's inventory check you should get 15 if you don't know the rate at which each are sold.
Answer:
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