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musickatia [10]
2 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]2 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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Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
ycow [4]

Answer:

(a) Brittany loss due to taxes = Basis - fair market value

                                                = $184,000 - $160,000

                                                = $24,000

Therefore, Brittany will have a $24,000 loss that is not deductible.

(b) Tax consequences to Ridge if he later sells the stock for $190,000 are as follows:

  • Realized gain = $30,000 and Recognized as a gain for tax payers = $6,000
  • Realized and recognized loss = $8,000
  • There is no recognized gain for Ridge and unrecognized loss of $10,000. It is permanent lost.
6 0
2 years ago
n principle, a tendency for firms to congregate in a single nation to reap trade-cost advantages related to key inputs located w
Rus_ich [418]

Answer:

b. external economies and agglomeration.

Explanation:

Base on the scenario been described in the question, the correct option in the question should be option B. external economics and agglomeration this so because external economies and agglomeration can yield trade benefits for the nation and the firms.

6 0
3 years ago
Bramble Corp. sells MP3 players for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 playe
VMariaS [17]

Answer:

Break-even point in units=  14,000 units

Explanation:

Giving the following information:

Selling price= $60

Variable costs are $30 per unit

Fixed costs total $120,000.

Desired profit= $300,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Break-even point in units= (120,000 + 300,000) / 30

Break-even point in units=  14,000 units

3 0
3 years ago
Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they sh
fredd [130]

Answer:

The indicators may be an important factor will be the unemployment rate in the area

Explanation:

The federal tax rate in the that area, may no different that in other area and it can be pay if you have job, the other indicator could be is the producer price index but it can't tell you the economy as well just the productions and finally the CMI consume marginal index tell you more about life style in the zone, so that's why the indicator that is higgher influence is the unemployment rate because that determinate how many people around can pay and be able to grow economy way in the area, so t you can get return on investment

6 0
2 years ago
Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation.
slava [35]

For the question "Does the court have subject matter jurisdiction over this action" Yes because the action is based on a violation of federal securities law. Option B. This is further explained below.

<h3>What is jurisdiction?</h3>

Generally, jurisdiction is simply defined as the authority to issue binding rulings in a legal matter.

In conclusion,"Does the court have subject matter jurisdiction over this case." In this case, yes, since the alleged wrongdoing constitutes a violation of federal securities laws.

CQ

Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation. The shareholders sought certification of a class of all persons who had purchased stock during a two-year period. The members of the class suffered damages that ranged from $75 to $65,000, with the total damages sought-just exceeding $3 million. Some members of the class are citizens of the same state as the corporation but none of the three representative shareholders is a citizen of the same state as the corporation.

Does the court have subject matter jurisdiction over this action?

Yes, because none of the three representative shareholders is a citizen of the same state as the corporation.

Yes, because the action is based on a violation of federal securities law.

No, because no member of the class has suffered damages in excess of $75,000.

No, because some members of the class are citizens of the same state as the corporation.

Read more about jurisdiction

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4 0
2 years ago
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