Answer:
Direct material quantity variance= $992 unfavorable
Explanation:
Giving the following information:
Standard quantiy= 8kg
Standard cost= $0.8 per kilogram
Production= 870 unit
8,200 kilograms of the raw material was purchased for $6,888.
To calculate the material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 870*8= 6,960kg
Direct material quantity variance= (6,960 - 8,200)*0.8
Direct material quantity variance= $992 unfavorable
Answer:
The correct answer is <em>(A) how</em>.
Explanation:
The news headline "Consultants replacing high school counselors" deals with the how question(s) of economics.
Given the structure of the sentence, the most appropriate word in this sentence is how.
Consultant is the professional who dominates a specific topic and uses his knowledge to help other people.
Answer:
A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie
Explanation:
The computation is shown below:
For loss recognized, the amount would be
= Land basis - fair value of land
= $400,000 - $200,000
= $200,000
And, the basis in the land should be equal to the fair value of the land i.e $200,000
Hence, the correct option is A
By dividing the fair value from the land basis we can get the loss recognized
Answer: $1,075,000
Explanation: When a current or fixed asset is held in inventory, the worth at which it is recorded in accounting is called its net realizable value. In the given case, the net realizable value could be computed using following formula :-
Net realizable value = Balance of receivable on Dec 31 - expected uncollectibles
Putting the values into equation we get :-
Net realizable value = $1,200,000 - $125,000
= $1,075,000
Answer:
The answer is: B) sacrifice consumption goods and services now in order to enjoy more consumption in the future.
Explanation:
This is the basic concept of savings in economics. In order to accumulate capital, you must have savings.
Saving is the income that wasn´t spent. Sometimes savings is also referred to as deferred consumption. What you don´t buy (or consume) today, you will be able to buy tomorrow.
For example, you have $100 for lunch money for the week. If you spend all of it on Monday and Tuesday, you can not buy any more lunch the rest of the week. But if instead you only spent $80 during this week, then next week you will be able to buy more things.
