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Arisa [49]
2 years ago
12

Computing materials variances:

Business
1 answer:
lesantik [10]2 years ago
3 0

Answer:

1. Total cost of purchases for the month

  • = actual purchases x actual price = 200,000 pages x $0.175 per page = $35,000

2. Materials price variance

  • = (actual unit cost - standard unit cost) x actual quantity used = ($0.175 - $0.17) x 185,000 = $925 unfavorable

3. Materials quantity variance

= (actual quantity used - standard quantity allowed) x standard price = (185,000 - 170,000) x $0.17 = $2,550 unfavorable

4. Net materials variance

  • = materials price variance + materials quantity variance = $925 + $2,550 = $3,475 unfavorable

Explanation:

Actual purchase price  $0.175 per page

Standard quantity allowed for production  170,000 pages

Actual quantity purchased during month  200,000 pages

Actual quantity used during month  185,000 pages

Standard price per page  $0.17 per page

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Answer:

Preparation of a statement of cash flows involves five steps

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3 years ago
Suppose the price elasticity of demand for cereal is negative −1.03. If​ so, then the demand for cereal is (unit-elastic, elasti
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Answer:

The demand for cereal is elastic.

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Explanation:

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Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au
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Answer:

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Explanation:

Giving the following information:

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