Answer:
c. $6.25 per pound
Explanation:
The computation of the material price variance is presented below:
Material price variance = Actual Quantity × (Standard Price - Actual Price)
$6,000 = 24,000 × ($6 per pound - Actual price)
$6,000 ÷ $24,000 = $6 per pound - Actual price
$0.25 = $6 per pound - Actual price
So, the actual price would be
= $6 + $0.25
= $6.25 per pound
Answer:
1. Using the chain weighted method, and selecting year 1 as a base, what is real GDP in year 2?
2. Using the chain weighted method, and selecting year 2 as a base, what is real GDP in year 2?
Explanation:
When you use the chain weighted method, you must multiply the base year's price times the current quantities to determine real GDP.
Year 1 Year 2
Quantity Price Quantity Price
Bread 30 $10 40 $15
Computers 10 $50 15 $60
real GDP in year 2 using year 1 as base = (15 x $50) + (40 x $10) = $750 + $400 = $1,150
real GDP in year 2 using year 2 as base = (15 x $60) + (40 x $15) = $900 + $600 = $1,500
Answer:
the current asset for Jones company is $80,800
Explanation:
The computation of the current asset is shown below
Current Assets = Cash + Accounts Receivable+ Prepaid Insurance
= $47,000 + $24,000 + $9,800
= $80,800
hence, the current asset for Jones company is $80,800
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
a. Need not be filed if the estimated tax, after subtracting withholding, can reasonably be expected to be more than $1,000.
Explanation:
Mr. Levy's estimated tax is the tax payment method for his income that is not subject to withholding. This income includes the earnings he receives from self-employment, interest, dividends, rents, and alimony. In addition, if Mr. Levy does not choose to have taxes withheld from his other taxable income, he should also make estimated tax payments.