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77julia77 [94]
3 years ago
5

A company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The

company made 4,200 units. Total yards used for production were 3,960. What is the material quantity variance?
Business
1 answer:
morpeh [17]3 years ago
6 0

Answer:

$19,200 Unfavorable since more material is used.

Explanation:

The company made 4,200 units, so 4,200 yards of material should be used (based on initial plan of using 1 yard per unit), but they actually used 3,960 yards.

Therefore,

Materials quantity variance:

= (Material should be used - Material they actually used) × Plastic actual cost per yard

= (4,200 - 3,960) × $80

= 240 × $80

= $19,200 Unfavorable since more material is used.

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A company sold garden hoses at a reduced price of ​$7.54 and took an​ end-of-season markdown of ​$11.45. What was the original s
Vitek1552 [10]

Answer:

The original selling price would be $ 18.99

Explanation:

Given formula is,

M = S - N

Where,

M = markdown,

S = original selling price,

N = reduced price

Here,

M = $ 11.45, N = $ 7.54,

By substituting the values,

11.45 = S - 7.54

⇒ S = 11.45 + 7.54 = 18.99

Hence, the original selling price of the house is $ 18.99

3 0
3 years ago
The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi
olasank [31]

Answer:

$24,000

Explanation:

Since in the question it is given that the  3% of credit sales is considered to be a bad debt expense

where,

Credit sales is $800,000

And, the estimated percentage is 3%

So by considering this above information, the amount debited to bad debt expense is

= $800,000 × 3%

= $24,000

All the other information i.e to be given is not relevant. Hence, ignored it

4 0
3 years ago
Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires
vekshin1

Answer:

A) Roasters delivers the goods to Speedy

Explanation:

Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.

  1. The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
  2. Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
  3. For a destination contract, then risk of loss is on the seller
  4. For a delivery contract, then risk of loss is on the seller
  5. if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
8 0
4 years ago
With practical illustrations discuss how managers can leverage on organizational behaviour component to maximize business succes
VARVARA [1.3K]

Answer:

Leadership, Communication and culture are the components of organization structure.

(Check Explanation for how they can be used to maximize business success).

Explanation:

So, organization behaviour is an aspect of Psychology and sociology that deals with the ways in which workers and employees behave are act in a specific company or business organization.

Just as it is stated above; Leadership, Communication, structure and culture are the components of organization structure and these components can be to maximize business success.

CULTURE: A company's culture can be use in maximizing business success through the way the workers in the company are expected (from their culture) to treat their customers. The culture is used in the assessment of PERSONALITIES that are needed to be recruited for the role in the organization for efficiency in the role so as to maximize success.

LEADERSHIP: the style of leadership adopted by each organization determines the way in which success can be maximized. Whether through the style in which the workers' s talent are being nurtured and ideas are collected from the employers or through the leadership style in which the leader dictates it all.

STRUCTURE: knowing the structure of an organization helps in maximizing success that is to say the workers know how management and authority operates which will aid in efficient success maximization.

3 0
3 years ago
Interest is the cost of borrowing. <br> a. True<br> b. False
Gnesinka [82]
Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.
8 0
4 years ago
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