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sasho [114]
3 years ago
13

Luma Inc. has provided the following data concerning one of the products in its standard cost system.Col1 Inputs Direct material

sCol2 Standard Quantity or Hours per Unit of Output 4.8 ouncesCol3 Standard Price or Rate $6.90 per ounceThe company has reported the following actual results for the product for September:
Actual output 2,100units
Raw materials purchased 10,500 ounces
Actual price of raw materials $7.80 per ounce
Actual cost of raw materials purchased $81,900
Raw materials used in production 10,090 ouncesThe raw materials price variance for the month is closest to:

A) $9,081 U
B) $9,450 F
C) $9,450 U
D) $9,081 F
Business
1 answer:
polet [3.4K]3 years ago
3 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Standard cost= 6.90 per ounce

Standard quantity= 4.8 ounces per unit

Actual output 2,100units

Actual price of raw materials $7.80 per ounce

Actual cost of raw materials purchased $81,900

Raw materials used in production 10,090 ounces.

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

Direct material price variance= (6.9 - 7.8)*10,090= $9,081 unfavorable

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Cost pressure from international competitors pushes companies toward greater scale and efficiency. But some products must also m
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Answer:

Transnational strategy

Explanation:

There is a difference in global approach and Transnational approach.

In global approach, one product is sold and promoted the same way across all channels and location. While in the case of Transnational strategy, it is more like a customized or personalized approach to sell products to a particular targeted audience.

Hope this helps.

Good Luck.

8 0
3 years ago
Production efficiency is a situation in which the economy is getting all that it can from its resources and​ _____ produce mor
Dennis_Churaev [7]

Answer:

Cannot, Less

Explanation:

Production efficiency or productive efficiency is the efficient utilization of resources with view to achieving the lowest cost of production. Production efficiency is achieved when an economy is operating on her production possibility curve.

When an economy attained the level of Productive efficiency, it means it can no longer increase production of any commodity without a trade-off for other similar commodity.

4 0
3 years ago
Assignment Details
Brrunno [24]

Lego the most beautiful product which targets two different consumer segments or may be more,A danish based company best selling construction toy in the planet to make these sets it takes years to design and development which enables the portal to kids from the age of 3 to a civil engineer in is 40s. It take is simple logic building blocks children spent 5 billion hours on Lego and why is it interesting is because with 6 pieces of 8 studded blocks a person can built 915 million different combinations. It may not be fascinating for the kids but the adults love new challenges. Lego there is a brand called as Technic which makes the Lego come to life.

Lego Duplo is for the the kids between 2-5, Lego Classic is for kids , Lego creator is for 7 to 12 years Lego Technic can range 11 to 16 Lego creator which is 16 + age so this is how communication has been made for each target.

Explanation:

Marketing mix or the 4p's of marketing Price,Promotion, Product and Placement.

Consumer Segment are comprises of the age group a category that people are influenced to buy a certain product example Coca-Cola is mostly drank by elderly people but Pepsi is drank buy youngster at the adolescent age.

Communication is important as to it implies on a way it has been presented it could be either by social media or by google or pamphlets etc.

3 0
3 years ago
Before going on his first business trip to China, Albert asked his Chinese American friend to advise him on customs and values c
umka21 [38]

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The term "business culture" refers to the collection of norms that may be seen in a company's behavior and operations, including its goals, codes of conduct, rules, procedures, ethics, and values.

A notable example of a company culture is found at Netflix, where the phrase "people over procedure" serves as the organization's guiding principle. Netflix outlines its company principles in its statement on corporate culture. These values include judgment, communication, curiosity, courage, passion, selflessness, innovation, inclusivity, integrity, and impact.

Learn more about business culture here brainly.com/question/25010777

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5 0
2 years ago
The economy has an annual inflation rate of 3.5%. it will take approximately how many years for the price level to double?
EleoNora [17]
To find the answer you will want to follow the rule of 70. The rule of 70 allows you to find the number of years it takes a variable to double.

In this situation, you would divide 70 by 3.5% (variable) giving you 20 years.

It would take approx. 20 years for the price level to double. 
8 0
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