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
Vlad1618 [11]
3 years ago
6

the difference between the actual quanity and the standard quanity, multiplied by the standard price is the

Business
1 answer:
dalvyx [7]3 years ago
6 0

Answer: Direct materials quantity variance.

Explanation:

Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.

It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.

Causes of this can be low quality of materials and inadequate employee training.

You might be interested in
Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million
Luda [366]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
Okay this is starting to get annoying. I ask an actual question and I just have bots reply with a link to a virus download and t
Yuri [45]
It’s definitely is a huge problem. I would suggest just ignoring them and reporting them.
4 0
3 years ago
Read 2 more answers
Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur
kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales                            $9,800

Cost of Goods Sold    <u>($6,015)</u>

Gross Profit                  <u>$3,785</u>

All workings are made in an MS Excel File, which is attached with this answer Please find it.

Download xlsx
5 0
3 years ago
on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr
Juli2301 [7.4K]

Answer:

Explanation:

Nada babosa gracias

6 0
3 years ago
What tends to cause structural unemployment?<br> Economics
Yuri [45]

Answer:

Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.

Explanation:

4 0
3 years ago
Other questions:
  • Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assum
    12·1 answer
  • Hoover Company purchased two identical inventory items. The item purchased first cost $45.50. The item purchased second cost $50
    6·1 answer
  • Dee is a focused, creative, and analytical college graduate with a degree in computer science, who just completed her CSDA certi
    8·2 answers
  • The cost of goods sold computations for Alpha Company and Omega Company are shown below. Alpha Company Omega Company Beginning i
    14·1 answer
  • For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could b
    13·1 answer
  • Which of the following is the LEAST important for providing quality customer service
    5·2 answers
  • The risk free rate currently have a return of 2.5% and the market risk premium is 5.77%. If a firm has a beta of 1.42, what is i
    5·1 answer
  • what term describes the conscious, systematic process of making decisions about goals and activities that an individual, group,
    5·1 answer
  • The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 79 Variable cost per uni
    15·1 answer
  • What did the Supreme Court rule in Burwell v. Hobby Lobby with regard to the Affordable Care Act's requirement that family-owned
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!