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Variance analysis Jack Joe, Inc. standard costing provided below. During 20x1, Jack Joe Inc. used 410,000 of raw materials to pr

ICE Princess25 [194]

Answer:

1) Direct material price variance= -5,000 or $5,000 unfavorable

2) Direct material quantity variance= $5,000 unfavorable

3) Actual price= $0.5122

Explanation:

Giving the following information:

Units produced= 200,000

Units sold= 200,000

Direct material used= 410,000

Standard quantity= 2 units of raw material

Budgeted cost= $0.5 per raw material unit

Total Raw material variance= $10,000 unfavorable

First, we need to calculate the direct material quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (400,000 - 410,000)*0.5

Direct material quantity variance= $5,000 unfavorable

Now, we can determine the direct material price variance:

Total direct material varaince= Direct material quantity variance + direct material price variance

10,000= -5,000 +

direct material price variance= -5,000 or $5,000 unfavorable

Finally, we can calculate the actual price per raw material unit:

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (0.5 - actual price)*410,000

-5,000= 205,000 - 410,000actual price

210,000/410,000= actual price

$0.5122=actual price

7 0

4 years ago

Carla Corporation engaged in the following cash transactions during 2020. Sale of land and building $181,050 Purchase of treasur

bulgar [2K]

Answer:

the net cash used (provided) by financing activities is $ 84,600

Explanation:

Under GAAP, the Dividends payment is accounted as a financing Activity.

Cash flow from Financing Activities

Purchase of treasury stock (42,900)

Payment of cash dividend (89,700)

Issuance of common stock 150,700

Retirement of bonds (102,700)

Net Cash flow from financing Activities (84,600)

3 0

4 years ago

QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans

Leto [7]

Answer:

$31.25

Explanation:

40 hours a week x 4 weeks a month = 160 hours of work per month

$5,000 divided by 160 = $31.25

7 0

3 years ago

Assume that your parents wanted to have 120,000 saved for college by your 18th birthday and they started saving on your first bi

Andrei [34K]

Answer:

save each year to reach their goal is $2152.48

save each year to reach their new goal is $2869.97

Explanation:

given data

amount saved = 120,000

Rate of Interest earned = 12.0 %

time = 18th birthday

solution

we consider here annual savings is = P

we use here formula for future value of annuity that is

future value of annuity = P × $\frac{(1+r)^n -1 }{r}$ ................1

here r is rate and n is time period

put her value

$120,000 = P × $\frac{(1+0.12)^{18} -1 }{0.12}$

solve we get P = $2152.48

save each year to reach their goal is $2152.48

and

for $160,000 at 18th Birthday

we consider here annual savings = P

so from equation 1

we put here value

future value of annuity = P × $\frac{(1+r)^n -1 }{r}$

$160,000 = P × $\frac{(1+0.12)^{18} -1 }{0.12}$

solve and we get P = $2869.97

save each year to reach their new goal is $2869.97

8 0

4 years ago

"Parker Company stock is currently selling for $130.00 per share and the firm's dividends are expected to grow at 6 percent inde

8_murik_8 [283]

Answer:

Cost of equity = 10.7%

Explanation:

We will work out the required rate of return using the the dividend valuation model. The model states that the value of a stock is the present value of the future divided discounted at the cost of equity.

The model is given below:

P = D× (1+g)/(r-g)

P- price of stock, D- dividend payable now, g- growth rate in dividend, r- cost of equity

So we substitute

130 = 5.50× (1+r)/(r-0.06)

cross multiplying

(r-0.06)× 130 = 5.50 × (1+r)

130 r- 7.8 = 5.50 + 5.50r

collecting like terms

130 r - 5.50r=5.50 + 7.8

124.5 r= 13.3

Divide both sides by 124.5

r =13.3 /124.5= 0.1068

r=0.1068 × 100= 10.7%

Cost of equity = 10.7%

6 0

3 years ago