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zmey [24]
3 years ago
11

Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skil

led labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the​ year, direct materials and direct labor standards for one of their popular products were as​ follows: Direct​ materials: 2 pound per​ unit; $ 12 per pound Direct​ labor: 2 hours per​ unit; $ 19 per hour Allen produced 3 comma 000 units during the quarter. At the end of the​ quarter, an examination of the direct materials records showed that the company used 6 comma 500 pounds of direct materials and actual total materials costs were $ 99 comma 900. What is the direct materials efficiency​ variance?
Business
1 answer:
ANEK [815]3 years ago
8 0

Answer:

42,000 unfavorable

Explanation:

The computation of the direct materials efficiency​ variance is shown below:

= (Actual quantity - Standard quantity) × standard price

= (6,500 pounds - 3,000 pounds) × $12 per pound

= 3,500 pounds × $12 per pound

= 42,000 unfavorable

Since the standard quantity is less than the actual quantity so the direct material efficiency variance would come unfavorable

All other information which is given is not relevant. Hence, ignored it

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A​ firm's annual​ stockholders' report​ ________. A. summarizes and documents the​ firm's financial activities during the past y
Ira Lisetskai [31]

Answer:

<u>A. summarizes and documents the​ firm's financial activities during the past year</u>

Explanation:

  • A forms annual report is a consolidated report on the financial standing of the company interns of assets and the liabilities and also includes other financial activities done by the company through the preceding year.
  • The report is meant for the shareholders and tells about the companies financial information along with the financial performance of NPAs and the company stocks this includes balance sheets, audit reports, and income statements.
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5 0
3 years ago
From 2001 to 2004, the U.S. government went from a budget surplus to a budget deficit. According to the open-economy macroeconom
notsponge [240]

Answer: Option (a) is correct.

Explanation:

Correct Option: The supply of loanable funds but not the supply of dollars in the market for foreign-currency exchange.

If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.

The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.

If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.

So, if there is a fall in the national saving, this will reduced the supply of loans from savers, which raises the interest rate in an economy.

This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.

Now, if foreign residents want to take an advantage of higher interest rate then they first have to acquire domestic currency.

Therefore, higher interest increases the demand for domestic currency in a market of foreign exchange.

4 0
3 years ago
Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that
Fittoniya [83]

Answer:

A. amortized

Explanation:

3 0
3 years ago
If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 10, and potential output (Y*) equals 9,0
lyudmila [28]

Answer: Option (b) is correct.

Explanation:

Given that,

short-run equilibrium output = 10,000

income-expenditure multiplier = 10

potential output (Y*) = 9,000

Expenditure multiplier = \frac{1}{1-slope\ of AE function}

10 = \frac{1}{1-slope\ of AE function}

Slope of AE function = 0.9

slope of AE =  MPC (1-t)  t =0,

MPC = 0.9

Delta Y (DY) = 1000

government expenditure multiplier ⇒ \frac{1}{1 - MPC} = 10

Delta G = \frac{DY}{government\ expenditure\ multiplier}

             = \frac{1,000}{10}

             = 100

Government purchases must be Decrease by 100.

4 0
3 years ago
For observation to be a useful skill, what are 2 key points to avoid "cluttering" your mind with unimportant information?
julsineya [31]

When you observe information, it's important to make sure you aren't cluttering your mind with unimportant information. Unimportant information refers to anything that you are observing while learning that won't matter overtime or, doesn't directly pertain to your situation. Observation can only be a useful skill if what you are observing you remember and can do after watching on your own.

4 0
3 years ago
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