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dimulka [17.4K]
3 years ago
5

The following company information is available. The direct materials quantity variance is:

Business
1 answer:
LiRa [457]3 years ago
6 0

Answer:

Direct material quantity variance= $9,600 unfavorable

Explanation:

Giving the following information:

Direct materials used for production 36,000 gallons

Standard quantity for units produced 34,400 gallons

Standard cost per gallon of direct material $6.00

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (34,400 - 36,000)*6

Direct material quantity variance= $9,600 unfavorable

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Suppose you borrow $10,000 right now to start a business. If the terms of the loan require you to pay back $16,000 in 5 years, w
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Answer:

r = 9.86%

Explanation:

The formula for calculating the future value of an invested amount yielding a compound interest is given by:

FV=PV(1+\frac{r}{n})^{nt}

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PV = present value = $10,000

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t = time in years = 5

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dividing both sides by 10,000

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to remove the power of 5, we have to take the 5th root of both sides:

(1.6)^{1/5} = (1 + r )^{5 * 1/5}

Using your calculator:

1.09856 = 1 + r

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8 0
3 years ago
Valuation of a swap during its life will least likely involve the:
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ackson Co. needs to replenish its petty cash fund. Currently, it contains $11 in cash and receipts for supplies of $40 and deliv
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While recording this journal entry we debited the delivery expenses, supplies expenses and credited the cash account so that the proper posting could be done

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Answer:

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