Answer:
15,351.00 unfavourable
Explanation:
<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.</em>
<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price</em>
gram
300 units should have used (300× 4.6) 1380
but did used <u>2,400</u>
1020
Standard price ×<u> 15.05</u>
Material quantity variance 1<u>5,351.00</u> unfavourable
Answer:
$6.00
Explanation:
Calculation for Oerther Corporation average fixed cost per unit assuming that the level of activity is within the relevant range
Calculation for fixed cost per unit
Average Fixed cost per unit = Total fixed cost/Unit
Where :
Total fixed cost = 31,200
Unit =5,200
Hence:
Average Fixed cost per unit= 31,200/5,200
Average Fixed cost per unit= $6.00
Therefore Assuming that the level of activity is within the relevant range the Average Fixed cost per unit would be $6.00
Answer:
The annual financial disadvantage of eliminating the division is $30,000.
Explanation:
contribution margin = revenue - variable costs = $200,000
fixed expenses = $500,000
net loss = $300,000.
If the division is eliminated, only $170,000 of the fixed expenses can be avoided, therefore the company's fixed expenses will remain at $330,000.
Therefore, eliminating the children's division will result in a $30,000 (= $330,000 - $300,000) decrease in net income.
Answer:
The correct answer is A
Explanation:
Money is an unit of economic which functions as usually recognized medium for the exchange for the purpose of the transactional in the economy. It provides the service for decreasing the transaction cost.
So, money refer to the kind of wealth, which is regularly accepted by the sellers in exchange for the services and the goods.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.