Appropriations to retained earnings are..<br><br>It is not option C.

The standard cost of product 777 includes 2.9 units of direct materials at $6.8 per unit. During August, the company bought 29,2

Olegator [25]

Answer:

Total Material Variance = $1,636 Favorable

Material Price Variance = $2,920 Unfavorable

Material Quantity Variance = $4,556 Favorable

Explanation:

Total Material Variance = Standard Cost - Actual Cost

Standard Cost = Standard units $\times$ Standard Price

Standard Units = 10,300 $\times$ 2.9 = 29,870 units

Standard cost = 29,870 $\times$ $6.8 = $203,116

Actual Cost = 29,200 $\times$ $6.90 = $201,480

Total Material Variance = $203,116 - $201,480 = $1,636 Favorable

Material Price Variance = (Standard Rate - Actual Rate) $\times$ Actual Units

= ($6.8 - $6.9) $\times$ 29,200 = - $2,920 Unfavorable

Material Quantity Variance = ( Standard Units - Actual Units) $\times$ Standard Price

= (29,870 - 29,200) $\times$ $6.8

= $4,556 Favorable

Final Answer

Total Material Variance = $1,636 Favorable

Material Price Variance = $2,920 Unfavorable

Material Quantity Variance = $4,556 Favorable

8 0

3 years ago

Delar Co. completed its year-end physical count of inventory. The inventory was valued at first-in, first-out (FIFO) costs and t

jekas [21]

Answer:

D. $490,000

Explanation:

The inventory was valued at first-in, first-out (FIFO) costs and totaled $500,000.

<em>Adjustments:</em>

The goods worth $10,000 (1,000 units x $10 cost) were shipped and billed to a customer meaning that company has already recorded the sales in its income statement therefore they became the property of the customer and should not have been included in the inventory count. The $10,000 should be removed from the inventory recorded bringing the inventory balance at $490,000 ($500,000 - $10,000).

The goods worth $30,000 (6,000 units x $5 cost) will not be included in the total inventory count because the inventory is held on consignment for one of the company's supplier and the ownership of the goods belongs to the consignor (in this case, the supplier) until they are sold. The goods appear in the inventory records of the consignor (in this case, supplier) not the consignee (in this case, the company). In this case, the company has not included the goods in its inventory cost therefore no adjustment is necessary.

4 0

4 years ago

Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a

frosja888 [35]

Beau is involved in crowdsourcing.

<h2>What is crowdsourcing?</h2>

Crowdsourcing unites groups of people behind a single project or cause.
a speedy method of tackling issues that take a lot of time
deeper involvement of communities that connect and foster adherence to the product or solution.

<h2>What are the different types of crowdsourcing?</h2>

Through crowdsourcing, communities can unite around a single project or cause.
Effective method for resolving issues that require a lot of time
more community involvement, which resonates and fosters adherence to the product or solution

<h2>What are the advantages and disadvantages of multiple sourcing?</h2>

Sharing information can be risky and is not always simple.
Less order volume reduces bargaining power, and supplier competition might not be strong enough to produce the same cost savings as volume leverage.
The greater the stake your suppliers have in your company, the less responsive they will be in an emergency.

Learn more about Crowdsourcing at:

brainly.com/question/9452858?referrer=searchResults

#SPJ4

4 0

2 years ago

There are approximately 900,000 television households in the San Diego County market. During a Sunday afternoon in October, 50 p

valkas [14]

<h3>The approximate share of audience for the game would be 44%</h3>

Explanation:

In the above scenario,

The approximate television households in the San Diego County market is 900,000.
During a Sunday afternoon in October, 50 percent of the households had their television sets turned on.
So, during a Sunday afternoon in October, approximate television households in the San Diego County market had their television sets turned on is 900000 * 50/100) = 4,50,000
Out of the television sets turned on 200,000 people were watching a football game.
The approximate share of the audience for the game would be: (200000 / 450000) * 100 = 44%

4 0

3 years ago

Consider the following production function: q equals 9 LK plus 4 Upper L squared minus (one third )Upper L cubed . Given the fo

vlabodo [156]

Answer:

answer attached below

Explanation:

5 0

3 years ago

Appropriations to retained earnings are..It is not option C.