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ss7ja [257]
3 years ago
11

In its first month of operations, Multiplex Corporation purchased 40,000 pounds of material for $3.40 per pound. The company use

d 38,000 pounds of the material to produce 18,000 units of its only product. Multiplex uses a standard cost system and its standard quantity and price per unit are 2 pounds at $3.50 per pound. What was the material efficiency variance for the month
Business
1 answer:
Vilka [71]3 years ago
3 0

Answer:

$7,000 Unfavorable

Explanation:

data provided

Material in units = 18,000

Price per unit = 2

Actual hours = 38,000

Selling price = $3.50

The computation of material efficiency variance is shown below:-

Materials efficiency variance = (Standard hours - Actual hours) × Selling price

= (18,000 × 2 - 38,000) × $3.50

= $7,000 Unfavorable

Therefore for computing the material efficiency variance we simply applied the above formula.

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Regulators in different countries have proposed various regulations for product labeling. All of the following statements pertai
viktelen [127]

Answer:

D) the use of terms "light" and "natural" are allowed on labels only in the United States.

Explanation:

As the term "light" has a dictionary meaning of a very low in weight as compared to similar products in the market, is a very basic term to define the nature of product.

No labelling regulator has claimed that this kind of labelling is only allowed in the United States.

Further, the dictionary meaning of the word "natural" with respect to products shall mean, one that is not composed of high chemicals or transformation, but the major essence is extracted from the nature, i.e. from the environment.

Thus, the word natural can again be used by any country to label their product and in no manner is restricted to the United States.

6 0
4 years ago
Which loan type requires you to make loan payments while you’re attending school?
Alexxandr [17]
<span>Direct Subsidized loans is the answer </span>
7 0
3 years ago
The concept of "exchange" is fundamental to the definition of marketing. What is the best description of exchange?
ale4655 [162]

Answer:

Marketing exchange

Explanation:

A marketing exchange occurs whenever there is an interaction between two or more people to buy and sell goods or services. An exchange therefor occurs when an person or an organisation makes a decision to meet its need or want and he is ready to pay some money or offer commodities.

The marketing theory states that a utility ought to be derived from an exchange, an it is an indication that what you get from trade is more than you trade.

3 0
4 years ago
A preferred stock has a face value of $100 and pays annual dividends at a rate of 8 percent. The required rate of return on this
denpristay [2]

Answer: $66.67

Explanation:

The value of a Preferred Stock is calculated with the following formula,

Value of the preferred stock = Annual Dividend/rate of return

The Annual Dividend is 8% of the face value so,

= 0.08 * $100

= $8

Therefore the Value of the Stock is,

= 8/0.12

= $66.67

4 0
4 years ago
Read 2 more answers
Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
Over [174]

Answer:

Contribution margin per unit = $45.90

Contribution margin as sales percentage = 43.97%

Explanation:

As for the information provided we have,

Normal Sales = Normal sales per month, before the overseas order.

For such normal sales, the cost and sales data has been provided,

Selling price per unit = $104.40

Variable costs = Direct material + Direct Labor + Variable Manufacturing + Variable selling & Administrative

= $43.80 + $10.40 + $1.90 + $2.40 = $58.50

Contribution margin per unit = Selling price - Variable cost per unit = $104.40 - $58.50 = $45.90

Contribution margin as sales percentage = \frac{45.90}{104.40} \times 100 = 43.97%

5 0
3 years ago
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