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marishachu [46]
3 years ago
11

J.C Coats Inc. carefully develops standards for its coat making operation. Its specifications call for 2 square yards of wool pe

r coat. The budgeted price of wool is $50 per square yard. The actual price for the wool was $38 and the usage was only 1.6 yards of wool per coat. What would be the standard cost per output for the​ wool?
Business
1 answer:
JulijaS [17]3 years ago
5 0

Answer:

$100 per coat

Explanation:

Standard ;

Wool required = 2 yard square per coat

Budgeted price = $50 per square yard

Therefore,

We will need to multiply the total direct material quantity per unit for its unitary cost in order to arrive at the standard cost per unit.

Total standard cost per coat = Wool per coat × Cost per square yard,

= 2 × $50

= $100 per coat

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All of the following should be considered in a make or buy decision except:_______.a. cost savingsb. quality issues with the sup
Cerrena [4.2K]

Answer:

D. the supplier will make a profit that would no longer belong to the business

Explanation:

A make or buy decision can be defined as a strategic approach pertaining to making the choice to either produce (manufacture) a product in-house (internally) or purchasing the product from an external supplier. Thus, the make component typically deals with producing the product internally while the buy component strictly has to do with outsourcing or purchasing from an external supplier.

Some of the factors to be considered in a make or buy decision are;

I. Cost savings.

II. Quality issues with the supplier.

III. Future growth in the plant and other production opportunities.

Hence, all of the aforementioned should be considered in a make or buy decision except whether the supplier will make a profit that would no longer belong to the business.

3 0
3 years ago
Use the starting balance sheet, income statement, and the list of changes to answer the question. Gulf Shipping Company Balance
aleksandr82 [10.1K]

Answer:

the value for Liabilities on March 31, 2020 is $22,000

Explanation:

Liabilities are current obligations of the entity that arose as a result of past events, the settlement of which will results in the outflow of cash from the entity.

To calculate the value for Liabilities on March 31, 2020,<em> make adjustments</em> to the liability balance that exists at the start of the year <em>with movement that qualify as liabilities</em> as defined above.

Opening balance as at 1 January 2020 = $22,000

Movements in liabilities                           =  $0

Balance as at March 31, 2020                 =  $22,000

Conclusion :

The liabilities  value  on March 31, 2020 remains at $22,000

4 0
3 years ago
The price of peanut butter increased by 25% and the quantity of jelly demanded decreased by 50%. Using one decimal place and the
natulia [17]

Answer:

-2

Explanation:

To find the cross price elasticity between to goods, we use this formula:

Cross Price Elasticity of Demand = % change in quantity demanded of good 1 / % change in the price of good 2

Now, we plug the amounts into the formula

Cross Price Elasticity of Demand = -50% / 25%

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5 0
3 years ago
The scripting process is answering interview questions using a formula which includes: A. directly answering the question, backi
defon

Answer:

A. directly answering the question, backing up the answer with a specific example, and tying the answer back to the company and/or the position.

Explanation:

There are various strategies for answering interview questions and the scripting process is one of them.

The scripting process involves the respondent going through the following steps:

- address the question that is asked

- provide and example that effectively backs up the answer

- highlighting the relevance of the answer to the company or position.

This process helps give a robust answer while displaying an understanding of the role requirements by the interviewee.

3 0
4 years ago
1. If Net Capital Outflow increases, the ________ of dollars in the Foreign Currency Exchange Market will increase, causing the
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Answer:

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3 0
3 years ago
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