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Zepler [3.9K]
3 years ago
10

Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price

per pound is $56.50 and the standard price per pound is $55.00. How many pounds of material are used in the current period?
Business
1 answer:
lisov135 [29]3 years ago
4 0

Answer:

3,500 pounds

Explanation:

By applying the below formula we get:

AQ(AP-SP)

USD 5,250 (unfavorable price variance )

USD 5,250/(AP - SP) = AQ

So,

USD 5,250/(USD 56.50 - USD 55.00)

= 3,500

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Answer:

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Explanation:

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3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

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The question is incomplete. Your most probably complete question is given below:

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6 0
2 years ago
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Answer:

A. True

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Cheers.

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Answer:

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Explanation:

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velikii [3]
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