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musickatia [10]
3 years ago
7

The following standards have been established for a raw material used to make product O84:Standard quantity of the material per

unit of output 8.1 metersStandard price of the material $ 19.30 per meterThe following data pertain to a recent month's operations:Actual material purchased 4,400 metersActual cost of material purchased $ 88,880 Actual material used in production 4,100 metersActual output 600 units of product O84The direct materials purchases variance is computed when the materials are purchased.Required:a. What is the materials price variance for the month?b. What is the materials quantity variance for the month?
Business
1 answer:
kirza4 [7]3 years ago
8 0

Answer:

a. The material price variance is $3,960 unfavorable

b. The material quantity variance is $14,6680 favorable

Explanation:

a. The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 4,400 × ($19.30 - $88,880 ÷ 4,400)

= 4,400 × ($19.30 - $20.20)

= 4,400 × $0.9

= $3,960 unfavorable

b. The computation of the material quantity variance is shown below:

= Standard Price × (Standard Quantity - Actual Quantity)

=  $19.30 × (8.1 meters × 600 units - 4,100)

= $19.30 × (4,860 - 4,100)

= $19.30 × 760

= $14,6680 favorable

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Answer:

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Gain on investment 12,000,000

Explanation:

Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.

value of the investment at year end:

begining 67,000,000

income 60,000,000 x 20% = 12,000,000

cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)

ending investment 76,000,000

8 0
3 years ago
Joslyn Company manufactures metal brackets. The estimated number of metal bracket sales for the first three months of the curren
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Answer:

Production= 1,240 units

Explanation:

Giving the following information:

Sales:

February= 1,250

March= 1,200

Desired ending finished goods inventory is equal to 20 percent of the next month's sales.

To determine the production required for February, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 1,250 + (1,200*0.2) - (1,250*0.2)

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7 0
3 years ago
Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice
murzikaleks [220]

Answer:

d. $234.00

Explanation:

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= Service fee × weekly charge method × total number of weeks in a year

= $2.25 × 2 × 52 weeks

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Since we have to compute for the year so we multiplied all three above components. Moreover, it is given in the question that if Faye use out of network than the bank service charge will be double, so we multiplied it by 2

4 0
3 years ago
The ethical codes that tell employees what behavior is expected of them and establish the punishment for any violations are call
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<h2>Compliance-based ethical codes that tell employee what behavior is expected of them and establish the punishment for any violations</h2>

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Compliance-based ethical code

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  • Will empower legal counsel
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              1. Non-Disclosure agreement

              2. Behavior especially towards women employee

              3. Timings and other administrative procedures

              4. Any other which might create a legal issue

3 0
3 years ago
what is a federal government program providing retirement, survivor, and disability benefits, that is funded by a tax on income?
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Hope that helps.
7 0
3 years ago
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