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dedylja [7]
3 years ago
8

Century Manufacturing developed the following per-unit standards for its product: 4 pounds of direct materials at $6.40 per poun

d. Last month, 3,000 pounds of direct materials were purchased for $18,240. The direct materials price variance for last month was
Business
1 answer:
Bond [772]3 years ago
4 0

Answer:

price variance   960.00 F

Explanation:

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost                 $6.40

actual cost         $6.08 (18,240 total cost/ 3,000 units purchased)

quantity           3,000

(6.40 - 6.08) \times 3,000 = DM \: price \: variance

difference         $0.32

3,00 x 0.32 = price variance

price variance   $960.00

The actual cost was below the standard. It cost less to purchase each pound. This variance is favorable

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When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be
Olegator [25]
When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. Equilibrium price is the price set by a market in which the amount of products that are supplied is equal to the amount of products that are demanded.
8 0
3 years ago
Product Y sells for $15 per unit, and has variable expenses of $9 per unit. Fixed expenses total $300,000 per year. How many uni
netineya [11]

Answer:

b. 65,000 units

Explanation:

The number of units of products y must sell to yield an annual profit of $90,000 is computed as;

Break even point in sales units = (Fixed cost + Targeted profit) / Contribution margin

Given that ;

Fixed cost = $300,000

Targeted profit = $90,000

Contribution margin = $15 - $9 = $6

Therefore,

Break even point in sales units = ($300,000 + $90,000) / $6

= 65,000 units

The number of units of products y must sell to yield an annual profit of $90,000 is 65,000 units.

3 0
3 years ago
Why did Starbucks create the ‘Starbucks College Achievement Plan?’ How does it help the company make money and remain competitiv
Bumek [7]

Explanation:

I mean, everybody deserves to have an achievement plan. So why not make one from it?

7 0
3 years ago
For each of the following independent events, identify the account that would be debited and the account that would be credited.
My name is Ann [436]

Answer:

A. Received cash by issuing common stock

Debit: Cash

Credit: common stock

B. Received cash for services to be performed in the future.

Debit: Cash

Credit: unearned revenue.

C. Paid salaries payable

Debit: salaries payable

Credit: cash

D. Provided services on account.

Debit: accounts receivable

Credit: service revenue

E. Paid cash for operating expenses

Debit: operating expenses

Credit: cash

Explanation:

A. Received cash by issuing common stock

Debit: Cash

Credit: common stock

B. Received cash for services to be performed in the future.

Debit: Cash

Credit: unearned revenue.

C. Paid salaries payable

Debit: salaries payable

Credit: cash

D. Provided services on account.

Debit: accounts receivable

Credit: service revenue

E. Paid cash for operating expenses

Debit: operating expenses

Credit: cash

6 0
3 years ago
19. A call has 6 months left before expiration and a put (on the same stock) has 2 months left before expiration. If the company
tekilochka [14]

Answer:

a. the call price would decrease.

Explanation:

it is important you note that a company pays dividend (share of profit) to shareholders sometimes with a motive of attracting new investors.

Thus, we may likely expect the call price to decrease as a result of the sudden announcement.

7 0
3 years ago
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