Answer:
See below
Explanation:
1. Purchase price variance
Standard price per pound = $25
Actual price per pound = $28.9
Quantity of aluminium purchased = Closing inventory + Quantity used - Opening inventory
= 34 + 3,470 - 54
= 3,450 pounds
Purchase price variance = (Standard price - Actual price) × Quantity purchased
= ($25 - $28.9) × 3,450
= -$3.9 × 3,450
= $13,455 (U)
2. Usage variance
Standard quantity of Aluminium for actual production
= 935 units × 4 pounds each
= 3,740 pounds
Usage variance = (Standard quantity of material used - Actual quantity used) × Standard price per unit
= (3,740 - 3,470) × $25
= 270 × $25
= $6,750 (F)
3. Direct labor rate variance
= (Standard rate per hour - Actual rate per hour)
× Actual hours for production
= ($40 - $41.9) × 4,400
= -$1.9 × 4,400
= $8,360 (U)
4. Efficiency variance
Standard hours for actual production
= 935 units × 5 per hour
=4,675 hours
Labor efficiency variance = (Standard hours for actual production - Actual hours for actual production) × Standard rate per hour
= (4,675 - 4,400) × $40
= 275 × $40
= $11,000 (F)
Answer:
diminishing ; assumed
Explanation:
Given:
total utils from doing so after
the fourth, fifth, sixth, and seventh wings are 30, 50, 65, 72
Now,
marginal utility from fifth = total utility from fifth - total utility from fourth
= 50 - 30
= 20 utils.
marginal utility from sixth = total utility from sixth - total utility from fifth
= 65 - 50
= 15 utils.
marginal utility from seventh = total utility from - total utility from sixth
= 72 - 65
= 7 utils.
Here,
the marginal utility is diminishing i.e from 20 to 15 and from 15 to 7 utils
also,
it is assumed that the marginal utility will decrease when we analyse the consumer utility because the consumers gets satisfied and thus, the increase in satisfaction leads to the decrease in utility
hence, the answer is diminishing ; assumed
Answer:
Because it helps managers improve flows and control cost.
Explanation:
A supply chain is almost never perfect. Actually, it is more likely to be unstable and unorganized making the whole process inefficient. In order to prevent this, there are supply chain planners that are responsible for controlling inventory levels, forecasting sales and demand and, in general, optimizing the process of taking the goods from production all the way to the final customer.
It is unlikely that a company can eliminate all uncertainty and guarantee accuracy in the forecasts and inventory. But it is an essential tool in order to have a better control of costs and flow of the information, financial resources and of course, the products.
Answer:
Annual repayment under option(i) is $1490
Annual repayment under option (ii) is $2189
Therefore option A is correct
Explanation:
Immediate repayment
Loan amount $10,000
Repayment period 10 years
Interest rate 8%
Let the annual repayment be X
:10000=X*(1/0.08)*(1-(1/(1.08)^10))
1/0.08 = 12.5
1-(1/(1.08)^10 = 0.536806512
12.5*0.536806512
=6.710081399
10000=X*6.710081
X = $1,490.29
5 years grace period
let P be accummulated loan value after 5 year
P=10000*(1.08)^5 =14693.28077
Let annual repayment be Q
14693.28=Q*(1/0.08)*(1-(1/(1.08)^10))
1/0.08 = 12.5
1-(1/(1.08)^10 = 0.536806512
12.5*0.536806512 =6.710081399
14693.28=Q*6.710081
Q 2189.73