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Elis [28]
3 years ago
7

Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard10 pounds per

unitDirect materials standard cost$0.75 per poundActual direct materials used40,000 poundsActual finished goods produced4,500 unitsWhat is the direct materials quantity variance?A) $3,750 unfavorableB) $3,750 favorableC) $6,750 unfavorableD) $6,750 favorable
Business
1 answer:
Elina [12.6K]3 years ago
7 0

Answer:

Direct material quantity variance= 3746.25 pounds (favorable)

Explanation:

Giving the following information:

Direct materials standard 10 pounds per unit.

Direct materials standard cost $0.75 per pound.

Actual direct materials used 40,000 pounds.

Actual finished goods produced 4,500 units.

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (10-8.89)*0.75= 0.8325*4500units= <u>3746.25 pounds (favorable)</u>

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Assume that ABC had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions durin
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Answer:

ABC's retained earnings balance at the end of April is $11,400

Explanation:

The addition to retained earnings in the current month is revenue derived from providing services to customers minus the expenses such as rent and employee salaries

Net income for the month=$2,000+$900-$800-$700=$1400

Retained earnings at month end=opening retained earnings+net income

Retained earnings at month end=$10,000+$1,400=$11,400

8 0
4 years ago
Veronica Gilbert is an accountant for a surf shop that is expanding their retail store locations. Her supervisor has assigned he
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Answer:

The answer is: Must do priority

Explanation:

Must do priorities are the activities you or your organization must achieve in order to be successful. Must do priorities should be your highest priorities.

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3 years ago
Sabemos que os problemas enfrentados pelas empresas podem ser vários e em várias circunstâncias. Por essa razão, as empresas são
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<em>I hope this information can help you.</em>

6 0
4 years ago
On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to
Georgia [21]

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

7 0
3 years ago
Green design, sustainable packaging, waste management, and energy efficiency are aspects of the _________
Nastasia [14]

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<h3>What is technological segment of the general environment?</h3>

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The creation and use of packaging that improves sustainability is referred to as sustainable packing. This entails a greater reliance on life cycle assessment (LCA) and life cycle inventory (LCI) to assist direct the use of packaging that has a smaller negative impact on the environment.

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Hence, Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

To learn more about General environment refer to:

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5 0
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