Answer:
(i) $1,295 Favorable
(ii) $3,744 Unfavorable
Explanation:
Actual price = Actual cost of materials ÷ Actual materials purchased
= $43,105 ÷ 3,700
= $11.65
Materials price variance = Actual Quantity (Actual Price - Standard Price)
= 3,700($11.65 - $12.00)
= $1,295 Favorable
Standard Quantity = Actual output × Standard quantity per unit of output
= 560 × 4.8
= 2,688
Materials quantity variance:
= Standard Price (Actual Quantity - Standard Quantity)
= $12.00 (3,000 - 2,688)
= $3,744 Unfavorable
Answer:
Explanation:
Cash Supplies
Beg. Bal. Beg. Bal.
Notes Payable 3940 Cash 300
Contributed capital 4630 Accounts Payable 700
Equipment 200
Supplies 300 End. Bal. 1000
End. Bal. 8070
Accounts Payable
Contributed Capital
Equipment Beg. Bal.
Beg. Bal. Supplies 700
Cash 200
Notes Payable 800 End. Bal. 700
End. Bal. 1000
Notes Payable Beg. Bal.
Beg. Bal. Cash 4630
Cash 3940
Equipment 800
End. Bal. 4630
End. Bal. 4740
Trial Balance
Debit Credit
Cash 8070
Supplies 1000
Equipment 1000
Accounts Payable 700
Notes Payable 4740
Contributed Capital 4630
Total 10070 10070
I think it is C.Money a company shares with stockholders.
Question Options:
A) economic order quantity
B) partial productivity
C) multifactor productivity
D) internal service quality
Answer: MULTIFACTOR PRODUCTIVITY.
Explanation: Multifactor productivity is also known as total factor productivity can be defined as the elements or influences that determines the output in production from the inputs. Like in this question, the company determined the inputs (wood, metal, fabric, labor hours, capital, and the electricity) required to produced an output (chair).
The estimated economic loss of all motor vehicle crashes in 2012 was $26,000.
<u>True</u>
What is economic loss?
Economic loss is a term of art that describes financial loss and damage sustained by a person that only appear on a balance sheet and do not manifest as actual physical harm to the person or their possessions.
The difference between the proceeds from the sale of an output and the price of each input used, as well as any opportunity costs, is known as an economic profit or loss. Opportunity costs and explicit costs are subtracted from revenue received to determine economic profit.
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