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3 years ago

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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You have decided that you want to be a millionaire when you retire in 45 years. a. If you can earn an annual return of 11.4 perc

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The amount I should invest today if I earn an annual return of 11.4% is $7,765.45.

The amount I should invest today if I earn an annual return of 5.7% is $82,532.61.

<h3>What is the amount I should invest today?</h3>

The formula that can be used to determine the amount I should invest today is:

PV = FV / (1 +r)^t

Where:

PV = present value
FV = future value = $1,000,000
t = 45 years
r = interest rate = 11.4%, 5.7%

$1,000,000 / (1.114)^45 = $7,765.45

$1,000,000 / (1.057)^45 = $82,532.61

To learn more about present value, please check: brainly.com/question/25748668

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3 years ago

Which of the following is not one of the three conditions that characterizes a perfectly competitive market? A. Firms have pric

mart [117]

Answer: Option A

Explanation: In simple words, perfect competition refers to a market structure in which the the market have a large number of small buyers and sellers.

Due to this high volume of small level buyers and sellers no single party has the power to influence the price. The price in such market are determined by the market forces of demand and supply.

Hence from the above we can conclude that the correct option is A.

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3 years ago

Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000

777dan777 [17]

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × $\frac{4}{12}$

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

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3 years ago

A tool that has been __________defective will creates headache and irritation. *

Bad White [126]

Answer:

frequently

Explanation:

I think its frequently

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3 years ago

Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui

yuradex [85]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets = Liabilities + Equity

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Op. expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000 = Liabilities $12,000 + Equity $16,000

b. December 31, Year 1 Balances:

Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash $8,000

Land $20,000

Total assets $28,000

Liabilities:

Bank loan $12,000

Equity:

Common stock $7,000

R/Earnings 9,000

Total equity $16,000

Liabilities and

Equity $28,000

c. January 1, Year 2 Balances:

Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000. The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

4 0

3 years ago