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Thepotemich [5.8K]
3 years ago
11

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month,

1,500 pounds of direct materials were purchased for $5,700. The direct materials price variance for last month was
a. 5,700 Favorable
b. $300 Favorable
c. $150 Favorable
d. $300 unfavorable
Business
1 answer:
stepladder [879]3 years ago
5 0

Answer:

b. $300 Favorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 1,500 pounds × ($19.30 - $5,700 ÷ 1,500 pounds)

= 1,500 pounds × ($4 - $3.8)

= 1,500 pounds × $0.2

= $300 favorable

We simply take the difference of the prices and then multiplied it by the actual quantity so that the correct amount can be calculated

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A(n) __________ is a set of guidelines for a business to follow when recruiting prospective employees.
Nezavi [6.7K]

Answer:

recruitment policy

Explanation:

A recruitment policy is a statement on how you hire. It outlines your company's preferred hiring practices and promotes consistency within your employee recruiting process

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2 years ago
XYZ Company produces a significant daily amount of electronic waste. The company disposes the waste into the ocean despite stric
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Answer:

Legal responsibility

Explanation:

Since there have been regulations put in place by the government, it is thereforre a legally binding agreement between XYZ company and any other companies that does same as XYZ company.

The failure of XYZ company to honour the set regulations is a breach in its legal responsibilty alongside its corporate social responsibilty as well and it can be taken up by the government by either charging the XYZ company to court or revoking their operating license.

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6 0
3 years ago
"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the
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Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

= 1% * 900,000

= 9,000 shares

This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

3 0
3 years ago
Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 100 per direct manufact
katen-ka-za [31]

Answer:

total product costs  =   $101750

Explanation:

given data

overhead costs = $ 100

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direct manufacturing labor  = 450

per​ hour = $35

markup rate = 30 %

solution

we get here total product costs  that is express as

total product costs  = Direct materials + DML + MOH ..........1

total product costs  = $41,000 + ( 450 × $35 ) + ( 450  × $100 )

total product costs  =  $41,000 + $15750 + $45000

total product costs  =   $101750

4 0
3 years ago
Fred and Torrie Jones are a retired couple looking for income. They are currently rebalancing their portfolio of stocks to inclu
sergey [27]

Answer: E

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Dividend yield is a company's total annual dividend payments divided by its number of shares. Since Fred and Torrie are more interested in how much dividends their investment will yield, one metric that will prove useful is the dividend yield per share. Contribution margin and current ratio are about how well the company is being run and does not directly reflect divided. Dividend payout ratio has no relationship between invested funds and dividend, it only compares dividend against reported profit.

4 0
3 years ago
Read 2 more answers
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