All categories

3 years ago

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

Which of the options below would be the focus of microeconomics?

azamat

Answer:

I will choose A.the psychological effect of unemployment on workers...

4 0

4 years ago

Inflation is 3% per year, what does it mean to place money in your savings account today with interest rates that are .5%

alexira [117]

Answer:

It means that your money will lose value as you will earn less interest than the grow in the inflation rate.

Explanation:

The inflation is the change on the prices of goods and services from a market basket as they become more expensive year by year. The Inflation rate of 3% suggest that the prices in the economy will increase a 3% at the end of the year while the interest on the money you have deposited in your bank account will gain only 0.5% at the end of the year.

Then the prices of good and services will growth faster than the growth in your savings. This situation makes that you lose purchase power with your money and therefore it will not be intelligent to keep the money in that savings account. The best thing to do is to search for another investment such a Term Deposit or Stocks.

6 0

3 years ago

please identify what type of error the following sentence includes: the business needs to hire more spanish speaking workers to

Flura [38]

Symbols (which include greenback and percentage signs) error the following sentence consists of the business's desire to hire greater Spanish-speaking employees to control the new area.

A business is described as a company or enterprising entity engaged in business, business, or professional activities. companies can be for-income entities or non-earnings groups. enterprise types range from restricted liability corporations to sole proprietorships, corporations, and partnerships.

The maximum not unusual types of enterprise are the only proprietorship, partnership, enterprise, and S agency. A restricted liability organization (LLC) is a business structure allowed with the aid of state statutes. felony and tax considerations input into choosing an enterprise structure.

Learn more about business here

brainly.com/question/24553900

#SPJ4

6 0

1 year ago

The statement that stock prices follow a random walk implies that: Select one: a. Successive price changes are independent of ea

Marina CMI [18]

Answer:

(A) Successive price changes are independent of each other

Explanation:

Random walk theory claims that past information and trends cannot be used to predict future price movement of the stocks since as per the theory, stock price movements are unpredictable and walk(move) randomly.

The theory further suggests that stock prices have same distribution and are independent of one another. It means there is no correlation between price movements of two different stocks.

Thus, Stock prices follow a random walk implies that successive price changes are independent of each other.

6 0

3 years ago

Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

Alexxandr [17]

The answer for this is freight-out
The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).

3 0

3 years ago