1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BartSMP [9]
3 years ago
10

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams

Standard price $15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual costs of materials purchased $44,020 Actual materials used in production 2,400 grams Actual output 300 units What is the materials quantity variance for the month?
Business
1 answer:
Aleksandr-060686 [28]3 years ago
5 0

Answer:

15,351.00 unfavourable

Explanation:

<em>Material quantity variance occurs when the actual quantity used  to achieved a given level of output is more or less than the standard quantity.</em>

<em>It is determined by the difference between the actual  and standard quantity of material for the actual level of output multiplied by the the standard price</em>

                                                                                              gram

300 units should have used (300× 4.6)                             1380

but did used                                                                        <u>2,400</u>

                                                                                           1020

Standard price                                                                   ×<u> 15.05</u>

Material quantity variance                                         1<u>5,351.00</u> unfavourable

           

You might be interested in
Data for Shelby Company for the current year is as follows:
maks197457 [2]

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

                    = $2,300

6 0
3 years ago
Lists two things that both increase the money supply?
DENIUS [597]

Answer:

Decrease is taxes

Increase in government spending

Explanation:

Government policies that increases the money supply in an economy is known as expansionary fiscal policy. They are:

1. Decrease is taxes - when government reduces the tax rate, the amount paid as taxes falls and as a result individuals, companies have higher disposable income whuch can be used for consumption or saving. This increases the money supply in the economy.

2. Increase in government spending - if the government increases it's spending on public goods for example, money supply would increase. If the government constructs a road, labour would be employed and paid wages. This payment increases the income of Labour and money supply increases.

Central bank policies that increases money supply are known as expansionary monetary policies. They include:

1. Open market purchase: The central bank purchase securities from the open market to increase money supply.

2. Reduction in reserve requirement ratio : if the reserve requirement ratio is reduced , commercial banks would have more money to give out as loans and this would increase money supply.

6 0
3 years ago
Fenway Electronics produces video games in three market categories: commercial, home, and miniature. Fenway has traditionally al
Ivenika [448]
THAT LINK IS A VIRUS DO NOT GO TO IT ALL LINKS ARE VIRUSES and also if you go to “goggle” you should see a camera icon on the top right and take a picture of the question and maybe get the answer there
8 0
3 years ago
Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
jeyben [28]

Answer:

Raise taxes

Explanation:

This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

4 0
1 year ago
The significant event at the conclusion of each phase is called _____. Group of answer choices tasks deliverable milestone seque
PtichkaEL [24]

The significant event at the conclusion of each phase is called a milestone.

  • A milestone in your life is an important occasion. A turning point frequently ushers in a fresh chapter. For instance, your high school graduation was a significant event in your life. A roadside signpost that indicates the distance to a specific point is referred to as a milestone.
  • Birthdays celebrated at milestone ages are those extra-special ages that call for more than simply a card and cake. Important childhood milestones that typically require a sizable party and an especially thoughtful present include a first birthday and turning 13 years old.
  • A crucial moment or stage in the existence, development, or similar of a person, a country, etc. Her career reached a turning point when she was hired as a supervisor.

Thus this is the answer.

To learn more about milestone in life, refer:brainly.com/question/25605883

#SPJ4

7 0
2 years ago
Other questions:
  • As a regional sales officer, one of brandon's job responsibilities is to process the yearly appraisal forms of his subordinates
    12·1 answer
  • Suki's salary is $1,200 per month. What is her yearly salary?
    7·2 answers
  • Multiple Choice Question
    8·1 answer
  • Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
    10·1 answer
  • Dogs and Formals. Paul owns a dog grooming business and needs patient people to work there. He gives all applicants a test he ob
    13·1 answer
  • Can someone plz and answer this, I’m giving 100 points and brainliest!!
    9·2 answers
  • Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
    8·1 answer
  • The following are the transactions for the month of July.
    7·1 answer
  • Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the s
    7·1 answer
  • You have been provided with the following summarized accounts of Golden Times Ltd. For the year ended 31 March 2000:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!