What can you do to figure out how much you can afford when buying a car?

The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In a

astra-53 [7]

Answer:

Actual Price paid for materials = $4.2136 $\times$ 2,200 = $9,270

Actual price per unit = $4.2136

Explanation:

Provided information,

Standard Material per unit = $4

Total cost = $8,400

Standard Quantity = $8,400/$4 = 2,100 units

Provided Material Price variance = $470 unfavorable = - $470

$= (Standard Price - Actual Price) \times Actual Units$

Material Quantity Variance = $400 Unfavorable = - $400

$= (Standard Quantity - Actual Quantity) \times Standard Rate$

Using Material Quantity Variance

- $400 = (2,100 - Actual Quantity) $\times$ $4

-$400/$4 = 2,100 - Actual Quantity

Actual Quantity = 2,100 + 100 = 2,200 units

Now, putting this value in Material Price Variance we have,

- $470 = ($4 - Actual Price) $\times$ 2,200

-$470/2,200 = $4 - Actual Price

- $0.214 = $4 - Actual Price

Actual Price = $4 + $0.2136 = $4.2136

Final Answer

Actual Price paid for materials = $4.2136 $\times$ 2,200 = $9,270

Actual price per unit = $4.2136

8 0

4 years ago

Parbonetti Corporation recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 depreciati

Gnom [1K]

How much free cash flow did Wells generate is $1,770

First step is to Determine the Operating income (EBIT)

Sales $8,250

Less Operating costs excluding depreciation ($4,500)

Less Depreciation ($950)

Operating income (EBIT)$2,800

($8,250-$4,500-$950)

Now let determine How much free cash flow did Wells generate using this formula

FCF = EBIT(1 -Tax rate) + Depreciation- Required capital expenditures -Required addition to net operating working capital

Let plug in the formula

FCF = $2,800×(1-0.35)+$950 -$750 -$250

FCF = $2,800×(0.65)+$950 -$750 -$250

FCF = $1,820 + $950 -$750 -$250

FCF = $1,770

Inconclusion How much free cash flow did Wells generate is $1,770

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8 0

3 years ago

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:

Nadya [2.5K]

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

8 0

3 years ago

On October 1, Kelly Company received $25,500 for six months of rent, in advance. Kelly credited Rent Revenue, which is an altern

Nikitich [7]

Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.

The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.

7 0

3 years ago

If creditors give you no credit for payments made during the billing period, this is called the:

MAXImum [283]

The answer is: previous balance method.

3 0

3 years ago

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