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Agata [3.3K]
3 years ago
9

Genent​ Industries, Inc.​ (GII), developed standard costs for direct material and direct labor. In​ 2017, GII estimated the foll

owing standard costs for one of their major​ products, the 30minusgallon heavyminusduty plastic container. Budgeted quantity Budgeted price Direct materials 0.7 pounds $ 30 per pound Direct labor 0.8 hours $ 13 per hour During​ July, GII produced and sold 3 comma 000 containers using 2 comma 400 pounds of direct materials at an average cost per pound of $ 29 and 2 comma 490 direct manufacturing labor hours at an average wage of $ 13.50 per hour. ​July's direct material flexibleminusbudget variance is​ ________.
Business
1 answer:
Alex_Xolod [135]3 years ago
6 0

Answer:

The quantity variance = -900 unfavorable

Explanation:

Direct materials flexibel - budget variance:

standard

0.7 pounds $30 per pound

3,000 x 0.7 = 2,100 standard pounds

actual

2,400 pound $29 per pound

quantity variance:

30(2,100 - 2,400) = -900

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the business strategy of differentiation reflects unique and frequently innovative product, or service. true or false
RoseWind [281]

Answer:

TRUE

Explanation:

In simple words, differentiation strategy refers to the business strategy under which an organisation tries to get competitive advantage in the market by adding some unique features in the existing products or by introducing brand new products for utilization.

This strategy is used by service industries as well in which the organisations frequently introduce new technologies for better operating activities. Such strategies can sometimes lead to establishment of new industry in which the innovating firm gets the first mover advantage.

3 0
3 years ago
ou are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no
kompoz [17]

Answer:

$14.73

Explanation:

Given that, there is a 50 - 50 chance that a call option will either increase or decrease ;

Exercise price = $109

Increase price = $142

Decrease price = $76

Using the two state stock price model :

Increase price - exercise price ; 142 - 109 = $33

Decrease price - exercise price ; 76 - 109 - $33

We calculate the mean, expected value of winning after one year,

E(X) = Σx*p(x)

Since call won't be exercised if price decrease, then - 33 = 0

x : ___ 33 _____ 0

p(x) : _ 0.5 ____ 0.5

E(X) = (33*0.5) + (0*0.5)

E(X) = 16.5

The present value, PV = Expected winning / (1 + r)

PV = 16.5 / (1 + 0.12) = 16.5 / 1.12 = 14.73

8 0
3 years ago
1. Control of temperature, endocrine activity, metabolism, and thirst are functions associated with (1 point). the medulla oblon
frozen [14]
The answer to this question is breathing, heart beating, walking, and talking. It is because the autonomic nervous system is connected to peripheral nervous systems that control the function of internal organs such as the heart and other bodily activities.
4 0
3 years ago
Read 2 more answers
esse Pinkman is thinking about trading cars. He estimates he will still have to borrow ​$31,000 to pay for his new car. How larg
MA_775_DIABLO [31]

Answer:

Jesse's monthly car loan payment has to be $2,716.75.

Explanation:

Jesse's monthly car loan payment can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or amount to borrow = $31,000

P = Monthly car loan payment = ?

r = Monthly interest rate = APR / Number of months in a year = 9.4% / 12 = 0.094 / 12 = 0.00783333333333333

n = Number of months = Number of year * Number of months in a year = 1 * 12 = 12

Substitute the values into equation (1) and solve for P, we have:

$31,000 = P * ((1 - (1 / (1 + 0.00783333333333333))^12) / 0.00783333333333333)

$31,000 = P * 11.4106954292971

P = $31,000 / 11.4106954292971 = $2,716.75

Therefore, Jesse's monthly car loan payment has to be $2,716.75.

8 0
3 years ago
the biggest advantage of capitalism is that a. ​it generates wealth with the help of government intervention b. ​it creates weal
Julli [10]

The biggest advantage of capitalism is that ​it creates wealth by letting a person follow his or her own self-interest.

What is capitalism?

An economic system that relies on private ownership of the tools of production and their use for profit is known as capitalism. Wealth creation, market mechanisms, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labor are key aspects of capitalism.

Therefore,

The biggest advantage of capitalism is that ​it creates wealth by letting a person follow his or her own self-interest.

To learn more about capitalism from the given link:

brainly.com/question/25879591

3 0
1 year ago
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