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alexira [117]
3 years ago
7

The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per

kilogram. The production of the product in June was 870 units, but production had been budgeted for 850 units. During June, 8,200 kilograms of the raw material were purchased for $6,888 and 7,150 kilograms of the raw material were used in production. The material variances for June were: Material Price Variance Material Quantity Variance A) $286 U $152 U B) $286 U $280 U C) $328 U $152 U D) $328 U $280 U
Business
1 answer:
Alenkasestr [34]3 years ago
4 0

Answer:

C

Explanation:

Material price variance

Actual cost of materials =$ 6,888

Standard cost of material = 8200*0.8 =$6560

Variance ( Difference between the actual and budgeted price for materials)

= (6888-6560)

= $328 unfavorable variance.

Material quantity variance

Standard material per unit = 8 kilogram

Actual units produced = 870

Standard material = 6960

Actual material used =  7150

Material quantity variance = Difference in quantity of material used multiplied by the standard cost of material (7150-6960)*0.8

=$ 152 unfavorable variance

The two variances are unfavorable as they exceeded the budget

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Answer:

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Jeffries Corporation's Operating Income from the two products is <em>A. ​$35,000.</em>

The operating income is the difference between the revenue and operating costs (variable and fixed costs).

Data and Calculations:

                             Product A     Product B     Total

Revenue                 $18.00           $21.00

Variable cost            14.00              13.00

Contribution            $4.00             $8.00

Fixed costs                                                 $143,000

Total sales units                                            35,600

Sales mix                  3                        1               4

Sales units             26,700           8,900      35,600

Total contribution$106,800      $71,200  $178,000

Total fixed costs                                          143,000

Operating income                                      $35,000

Thus, the operating income is $35,000.

Read more: brainly.com/question/14815746

 

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2 years ago
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Thus, <em>a goodwill impairment loss is recognized when the goodwill's net carrying value is below its fair value and the expected cash flow it was to generate.</em>

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An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume
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An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".

<h3>What do you mean by Marginal Propensity to consume?</h3>

The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.

In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.

Calculation:

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