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IRISSAK [1]
3 years ago
15

A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $9 per lb.) 60,000 lbs

. @ $9.20 per lb. Direct labor (3 hrs. @ $17 per hr.) 25,100 hrs. @ $17.60 per hour. Overhead (3 hrs. @ $11 per hour.) $ 286,800 Units manufactured 8,500 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.
Business
1 answer:
PilotLPTM [1.2K]3 years ago
5 0

Answer:

price variance       12,000 U

quantity variance  4,500 U

Explanation:

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $9.00

actual cost  $9.20

quantity 60,000

These are givens so no calculation needed.

(9-9.20) \times 60,000= DM \: price \: variance

difference  $(0.20)

price variance  $(12,000.00)

The difference is negative, we purchase at a higher price, so the variance is unfavorable

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity        59500.00 (7 lbs per unit x 8,500 untis manufactured)

actual quantity 60000.00

std cost                         $9.00

(59,500-60,000) \times 9 = DM \: quantity \: variance

difference                       -500.00

efficiency variance  $(4,500.00)

The difference betwene standard lbs and the actual lbs used into production is negative, we use more lbs than standard. This variance is also unfavorable.

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Windsor, Inc. reported the following selected information at March 31. 2017 Total current assets $234,000 Total assets 440,000 T
iren [92.7K]

Answer:

The current ratio, the debt to assets ratio, and free cash flow for March 31, 2017 is 0.8 : 1, 90.20%, $26,000 respectively.

Explanation:

Current ratio = Current assets ÷ current liabilities

                     = $234,000 ÷ $292,500

                     = 0.8 : 1

Debt ratio = Total liabilities ÷ Total assets

                 = $369,600 ÷ $440,000

                  = 90.20%

Free cash flow = Net cash provided by operating activities  - dividend paid - capital expenditure

= $64,000 - $12,000 - $26,000

= $26,000

8 0
3 years ago
The cost of land does not include:
netineya [11]

Answer:

c. costs of improvements with limited lives.

Explanation:

The cost of land and the cost of land improvement are two different things. As land is not depreciated because of unlimited life whereas the land improvement is depreciated.

The cost of land includes legal fees, survey fees, grading, filling, removing cost, special assessments, etc  whereas the cost of land improvement includes parking lots, sidewalks, irrigation systems.

8 0
3 years ago
Jones Corporation purchased merchandise inventory with a 10%, 120-day note payable for $10,000. The company uses the perpetual i
MrMuchimi

Answer:

                                                      Debit                      Credit

Note payable                                $10,333.33

*(10,000+10,000*10%*120/360)

Cash                                                                               $10,333.33      

Explanation:

The following journal entry shall be recorded in the accounts of the Jones Corporation on the payment of note payable on due date:

                                                      Debit                      Credit

Note payable                                $10,333.33

*(10,000+10,000*10%*120/360)

Cash                                                                               $10,333.33      

* The interest rate of 10% is for 360 days but since the payment is made after 120 days, therefore it has been accordingly apportioned for 120 days.

3 0
3 years ago
Company is a management consulting firm. Last​ month, Pacific completed a consulting job for Client 76 and assigned total costs
charle [14.2K]

Answer:

The Pacific have to charge the customer to achieve that operating income  is $17892.

Explanation:

The target Price Pacific should charge to $17892 as it covers the target operating income as well as it covers the total cost of project. The total cost of project is at the level of $16265 x (100 + 10) / 100 = $17892. The difference of $1627 indicates the operating profit of company. Therefore, Pacific should charge 10% the cost of Job for Client 76.

5 0
3 years ago
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
DiKsa [7]

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.

<h3>Factors that affects promotion of goods</h3>

The act of promoting a particular product for sale can be location specific this is because individual and culture varies which also affect the choice of product and how it can be advertised for people to desire the product.

Therefore,

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.

Learn more on promotion below

brainly.com/question/14772910

#SPJ1

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:

A) more than one marketing expert is needed to create successful promotions

B) it costs less to set up several smaller campaigns than one that can be used for all markets

C)there is no need to test the message before starting the campaign

D)each country or region has its own culture

8 0
2 years ago
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