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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.

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Swifty Corporation sells its product for $5600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and admi

galben [10]

Answer:

Am nevoie de Puncte

Explanation:

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3 years ago

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to1. Retained

gregori [183]

Answer: Option (2)

Explanation:

Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.

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2 years ago

If the market interest rate drops to 5% on December 31, 2022, it will cost $458,290 to retire the bonds. Record the retirement o

dlinn [17]

To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.

The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.

The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:

Bonds Payable a/c Dr. 435,376

Interest a/c Dr. 22,914

To cash a/c 458,290.

(Being the bonds retired and interest amount paid)

Learn more about the retirement of bonds here:

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3 0

1 year ago

g On January 2, 2010, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000 and classified the

Aliun [14]

Answer:

$7,200

Explanation:

The calculation of income that should be presented in the income statement is shown below:-

Dividend Received = Given percentage × Paid dividend

= 12% × $60,000

= $7,200

Therefore for computing the income that should be presented in the income statement we simply applied the above formula.

Therefore the above is the answer

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3 years ago

What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur

sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.

4 0

2 years ago