You are most concerned for the infant who has

Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. Durin

fenix001 [56]

Answer:

actual quantity= 25,000 pounds

Explanation:

Giving the following information:

Standard quantity= 2 pounds per units

Production= 12,000 units

Direct material quantity variance= $5,000 unfavorable

Standard price= 120,000/(2*12,000)= $5

<u>To calculate the actual quantity used in production, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

-5,000 = (24,000 - actual quantity)*5

-5,000 = 120,000 - 5actual quantity

125,000/5 = actual quantity

25,000 = actual quantity

6 0

3 years ago

Dependable Appliances, Inc. and Elain enter into a contract for a sale of kitchen appliances. Dependable, a merchant who deals i

Anuta_ua [19.1K]

Answer:

B) fit for the ordinary purpose for which such goods are used.

Explanation:

An implied warranty of merchantability means that the products sold should fulfill an ordinary buyer's expectations and should be fit for the purpose intended.

All products carry an implied warranty of merchantability unless expressly disclaimed or identified as a sale "with all faults" or "as is".

6 0

3 years ago

Tim earns income of $60,000 per year and pays $21,000 per year in taxes. Tim paid 20 percent in taxes on the first $30,000 he ea

svetoff [14.1K]

Answer:

c. 50 percent

Explanation:

The amount of tax to paid by Tim on the second income he earned during the year shall be calculated as follow:

Amount of tax on 2nd income=21,000-(20%*30,000)

=21,000- 6,000

=$15,000

Marginal tax rate on 2nd income=Amount of tax on 2nd income/2nd income earned during year

Marginal tax rate=15,000/30,000=50%

So the answer is c. 50 percent

7 0

3 years ago

A corporation has shares of % preferred stock outstanding. Also, there are shares of common stock outstanding. Par value for e

Oliga [24]

Answer:

$600,000

Explanation:

Calculation for how much goes to the preferred stockholders

Using this formula

Preferred stockholders=Number of preferred shares outstanding * Preferred stock par value * Percentage of Annual dividend

Let plug in the formula

Preferred stockholders=50,000 x $100 x 0.12

Preferred stockholders= $600,000

Therefore If dividend is paid the amount of $600,000 goes to the preferred stockholders

3 0

3 years ago

Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?

ehidna [41]

Personally I spend about 4 hours on schoolwork (assuming there are no projects).

(4 hours because I'm taking 4 APs)

I spend extra 2-3 hours just reviewing/studying.

The remaining time is used to have fun ;)

4 0

3 years ago