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dalvyx [7]
3 years ago
7

A company uses 10000 pounds of materials for which it paid $2 a pound. The materials price variance was $5000 unfavorable. What

is the standard price per pound?
Business
1 answer:
boyakko [2]3 years ago
7 0

Answer:

$1.5 per pound

Explanation:

The computation of the material price variance is shown below:

Material price variance = Actual Quantity ×  Actual Price - Actual Quantity × Standard Price

$5,000 = 10,000 pounds × $2 - 10,000 pounds × Standard price

$5,000 = $20,000 - 10,000 pounds × Standard price

So, the standard price would be

= $15,000 ÷ 10,000 pounds

= $1.5 per pound

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3 years ago
Last year, Cool Lope, Inc. had an inventory turnover rate of 6.8. This year, the turnover rate is 7.1. Based on this information
AnnyKZ [126]

Answer:

The answer is D.

Explanation:

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3 years ago
In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and the event B mean th
Scorpion4ik [409]

The correct answer to this open question is the following.

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7 0
3 years ago
Consider the following information:
Jobisdone [24]

Answer:

The total for assets, liabilities, and equity are:

b) Total Assets: $26,000

Total Liabilities: $17,000

Total Equity: $9,000

Explanation:

a) Data and Calculations:

Accounts Payable: $4,000

Notes Payable: $10,000

Salaries payable: $1,000

Revenues: $5,000

Accounts Receivable: $5,000

Utilities Expense: $2,000

Cash: $5,000

Office Supplies: $1,000

Equipment: $20,000

Accumulated Depreciation Equipment: $5,000

Unearned Revenue: $2,000

Equity: $22,000

Salaries Expense: $1,000

Total assets:

Accounts Receivable: $5,000

Cash:                           $5,000

Office Supplies:           $1,000

Equipment:               $20,000

Accumulated Depreciation

Equipment:              ($5,000)

Total assets =         $26,000

Total liabilities:

Accounts Payable:     $4,000

Notes Payable:         $10,000

Salaries payable:        $1,000

Unearned Revenue: $2,000

Total liabilities          $17,000

Total Equity:

Total assets $26,000

Total liabilities 17,000

Total equity    $9,000

6 0
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liubo4ka [24]

Answer:

d

Explanation:

8 0
3 years ago
Read 2 more answers
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