Answer:
From the list of options, Option A is the only correct one:
"the actual usage of materials was less than the standard allowed".
Explanation:
<em>Material usage variance</em>
A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite.
<em>Material price variance</em>
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.
From the list of options, Option A is the only correct one
Answer: Marketopia has a comparative advantage in the production of pies.
Explanation:
The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.
Marketopia.
Opportunity cost of Cookies = 18/30 pies = 0.6 pies
Opportunity cost of pies = 30/18 pies = 1.67 cookies
Econladia
Opportunity cost of Cookies = 9/90 pies = 0.1 pies
Opportunity cost of pies = 90/9 pies = 10 cookies
<em>It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies. </em>
Answer:
$1.90 per share
Explanation:
The computation of the diluted earning per share is shown below:
Diluted earning per share = Net income ÷ Weighted number of outstanding shares
where,
Net income is $680,000
And, the Weighted number of outstanding shares is
= 240,000 + 24,000 × 5
= 240,000 + 120,000
= 360,000 shares
So, the diluted EPS is
= $680,000 ÷ 360,000 shares
= $1.90 per share
We simply applied the above formula
Compound interest would be the correct answer.
Answer:
central-location telephone (CLT) facility
