Answer:
Direct material quantity variance= $10,980 unfavorable
Explanation:
Giving the following information:
Standard Price or Rate Direct materials 8.5 kilos $ 6.00 per kilo
The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos Purchases of raw materials 31,600 kilos. Actual cost of raw materials purchases $ 195,920
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 8.5*3,200= 27,200 kg
Actual quantity= 29,030kg
Standard price= $6
Direct material quantity variance= (27,200 - 29,030)*6= $10,980 unfavorable
Answer:
a. The socially efficient levels of abatement for UNC power plant is 10.
Explanation:
Note: See the attached Microsoft word file for the calculations of the anwers above.
Answer:
D. It cost you $85 to gas up your car this month. But last month it only cost you $50.
Explanation:
Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
Answer:
Yield management pricing
Explanation:
Yield management pricing is the charging of different prices for a given set of capacity at a specific time in order to maximize revenue. This is based on the demand and supply in the market and is very common in industries such as airlines, hotels and resorts. When there is very high demand for airline seats, prices for them are high. However, if some of those passengers decided to refund their tickets, close to departure and the flight would be taking off soon, instead of flying with empty seats and no revenue from them, the airline would decide to sell these same seats at a cheaper rate in order to gain some revenue. This is a form of revenue maximization.