1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivenika [448]
3 years ago
9

A company provides the following data for material costs: Standard cost per unit 3 pounds at $2 per unit Actual cost per unit 2.

5 pounds at $3 per unit During the month, 5,000 pounds of raw materials were purchased. What is the direct material price variance?
Business
1 answer:
satela [25.4K]3 years ago
6 0

Answer:

Direct material price variance= $5,000 unfavorable

Explanation:

Giving the following information:

Standard cost per unit 3 pounds at $2 per unit

Actual cost per unit 2.5 pounds at $3 per unit

During the month, 5,000 pounds of raw materials were purchased.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

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

Direct material price variance= (2 - 3)*5,000

Direct material price variance= $5,000 unfavorable

You might be interested in
Beaksley, Inc. is a very cyclical type of business which is reflected in its dividend policy. The firm pays a $2.00 a share divi
taurus [48]

Answer:

$31.24 is the current value of one share at a discount rate of 12 percent

Explanation:

Price today = [PVF 12%, 2 *d2]+[PVF12%,4 ] + [PVF 12%, 5 * P]

             =[.79719* 2 ] +[.63552*2] + [ .56743*50]

             = 1.5944+ 1.2710+ 28.37

             = 31.24

3 0
3 years ago
According to recent market research, Google is one of the most valuable brands in the world. According to this research, the com
liq [111]

Answer:

The correct answer is letter "D": brand equity.

Explanation:

Brand equity is the value a company gains from its name recognition. To ensure customer loyalty the brand equity so valuable, companies must consistently produce quality products. This creates loyal customers who are willing to pay more for a preferred brand.

5 0
3 years ago
Paul carter is applying for a loan from a bank. the bank is concerned because paul is an airline pilot for united airlines. the
BigorU [14]

Based on the scenario, the 5Cs of credit that the bank is concerned with is the conditions. Conditions in the 5Cs of credit is being defined as the state that comprises the overall economic environment in which is composed of the purpose of the loan and as well as the interest rates.

4 0
3 years ago
Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest
Damm [24]

The answer would have to be B

7 0
3 years ago
Read 2 more answers
A $340,000 property sells at a 7ommission with a 50-50 co-brokerage split and a 50 gent split with her broker. what is agent's c
dusya [7]

The agent's commission is $5,950

A commission agent acts as a go-between for enterprises of all sizes when dealing with suppliers. A person in this position may operate in a variety of fields, including real estate, sales, and entertainment, as well as throughout the world. Additionally, a commission agent may simultaneously serve multiple companies.

An international agent who receives payment as a percentage of the sales they bring in. The Agent strictly complies with the sale terms specified to it by the Principal while making products available to potential customers in a certain territory (often a country). The Agent's and Principal's relationship is solely business-related; there is no employment connection between them.

To learn more about agent's commission here

brainly.com/question/26453970

#SPJ4

6 0
2 years ago
Other questions:
  • The appropriate cost accounting system to use when inventory items are produced on an assembly line is
    5·1 answer
  • How does FNB programme benefit the community in terms of economic development?
    5·1 answer
  • You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.4 percent indefinitely
    11·1 answer
  • Marian Hobby Store pays a dividend of $0.35 per share per quarter. The next dividend will be paid to shareholders of record on F
    14·1 answer
  • At year end, CurlZ Inc.'s inventory consists of 100 bottles of CleanZ with a cost of $1, and a selling price of $0.80 per bottle
    5·1 answer
  • Hospital administrators wish to learn the average length of stay of all surgical patients. a statistician determines that, for a
    9·1 answer
  • The demand for an electronic component is normally distributed with an average daily demand of 500 units and a standard deviatio
    7·1 answer
  • 1.How does inertia affect a person who is not wearing a seatbelt during a collision?
    15·2 answers
  • Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million d
    5·1 answer
  • Cooper Company has an average demand of 50 units per day. Lead time from the supplier averages 20 days. The combined standard de
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!