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djverab [1.8K]
2 years ago
12

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of materi

al at $4.50 and standard costs for 4,800 pounds of material at $5.10 per pound. What is the direct materials quantity variance? a. $1,020 favorable b. $900 favorable c. $1,020 unfavorable d. $900 unfavorable
Business
2 answers:
Fed [463]2 years ago
8 0

Answer:

c. $1,020 unfavorable

Explanation:

Direct materials quantity variance = SP x (SQ – AQ)

Where

SQ = Standard quantity

SP = Standard price

AQ = Actual quantity

AP = Actual price

Direct materials quantity variance =$5.10(4800 - 5000)

                                                        = $5.10 × -200

                                                        = $1,020 unfavorable

The right option is c. $1,020 unfavorable

Anastasy [175]2 years ago
3 0

Answer:

A. $1,020 unfavorable.

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Sliva [168]
The various amounts of money that individuals will hold at different nominal interest rates<span>The money demand curve shows
A. The various amounts of money that individuals will hold at different price levels. 
B. The various amounts of money that individuals will spend at different levels of GDP. 
C. The various amounts of money that individuals will hold at different nominal interest rates. 
D. The quantity of bonds that the Fed will buy at different price levels.</span>
3 0
3 years ago
Hopkins Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxa
klemol [59]

Answer:

$1,200,000

Explanation:

Estimated Letigation Expenses      4,000,000.00

Tax Rate                                               30%

Deferred Tax Assets                       1,200,000.00

Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.

Therefore, The deferred tax liability to be recognized is 1,200,000

5 0
3 years ago
One of the advantages of a c corporation is ease of formation true or false
ziro4ka [17]

Answer:

true

Explanation:

A corporation is a  form of business that gives room for seprate , legal entity but it is usually guided by some group of intelectuals referred to as board of directors. The corporation structure is the most advantageous way to kick start a business because it is  the corporation operates as a separate entity.

Corporation has all the legal rights of an individual except some little limitations on  right to voting and some other little limitations.

5 0
2 years ago
Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the produc
anzhelika [568]

Answer:

The total capacity of the market in core products less the Digby's Deft is 10860 thousand units.

Explanation:

In order to completely answer the question, the complete question is found online. This question was missing some table attachments which are attached with it.

From the table, it is first noted that the core products are listed which are as below:

  1. Axe
  2. Bolt
  3. Buzz
  4. Deft
  5. Dim

Now as mentioned in the question, deft is to be ignored so the remaining options are:

  1. Axe
  2. Bolt
  3. Buzz
  4. Dim

Now the capacities of these are included which are found from the table and are as follow:

Axe=2050

Bolt=1040

Buzz=1040

Dim=1300

So the total capacity of 1 shift is

Axe+Bolt+Buzz+Dim=2050+1040+1040+1300=5430 units

As there are two shifts running so the total capacity is 5430x2=10860

So the total capacity of market in core products less the Digby's Deft is 10860 thousand units.

3 0
2 years ago
What happens if you fail to pay your annual taxes?
aleksklad [387]

Answer and Explanation:

Simply enough, the IRS comes for you and charges a failure to pay penalty. The penalty is 0.5% of your previous unpaid taxes for every month. So if you wouldn't want to lose more money, I'd suggest you pay your taxes.

7 0
2 years ago
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