Answer:
$60,000 U
Explanation:
Given:
Direct materials standard (4 pounds @ $1/lb.) = $4 per unit
Direct materials flexible budget variance-unfavorable = $15,000
Actual direct materials used = 103,000 pounds
Actual units produced = 22,000 units
Now,
Direct materials efficiency variance
= (Actual material - Standard material ) × Standard price
= ( 103,000 - 22,000 × 4 ) × $4
= 15,000 × $4
= $60,000 U
Answer:
b.$220,800
Explanation:
Calculation to determine what was the amount of factory overhead applied in October
Finished goods during October $ 329,500
Add: Balance of work in progress on October 31 $203,500
Less: Balance of work in progress on October 1 (23,000)
Less: Direct Materials $(94,300)
Less: Direct Labor ($194,900)
Factory Overhead applied in October $$220,800
Therefore the amount of factory overhead applied in October is $220,800
Answer:
a. 50, which is high by historical standards.
Explanation:
a. 50, which is high by historical standards.
It is high because current price is high than earnings.
Earning yield is the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.
So
PRice Earning ratio = Market price per share/ Earning per share
Price Earning ration= $20/ 0.4 = 50
Earning per share= Earnings/ No of shares outstanding
EPS= $ 1 million/$ 2.5 million = 0.4
Option C
Sears, Roebuck and Company was a pioneer in: selling goods by mail
<u>Explanation:</u>
The endurance of Sears has traversed and incorporated the emergence of contemporary American purchaser habits. Sears berthed the platform for today’s omnipresent online marketplace by their fabulous inventory and the colossal mail-order deals it performed for above a centenary.
Mail-order firms like Sears held capable to enter underserved pastoral regions by pitching on modish foundations, such as the tracks that connected far-flung sections of the nation. It taught millions of purchasers regarding mail-order systems, such as transportation, payment methods, exchanges, and replacements.
