1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arturiano [62]
3 years ago
12

Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. Durin

g July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase. The actual number of pounds (AQ) of direct materials used to produce July's output was: ___________
a. 20,000 pounds.
b. 25,000 pounds.
c. 12,000 pounds.
d. 40,000 pounds.
e. 24,000 pounds.
Business
1 answer:
fenix001 [56]3 years ago
6 0

Answer:

actual quantity= 25,000 pounds

Explanation:

Giving the following information:

Standard quantity= 2 pounds per units

Production= 12,000 units

Direct material quantity variance= $5,000 unfavorable

Standard price= 120,000/(2*12,000)= $5

<u>To calculate the actual quantity used in production, we need to use the following formula:</u>

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

-5,000 = (24,000 - actual quantity)*5

-5,000 = 120,000 - 5actual quantity

125,000/5 = actual quantity

25,000 = actual quantity

You might be interested in
Tentacle Television Antenna Company provided the following manufacturing costs for the month of June. Direct labor cost Direct m
Temka [501]

Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

Factory insurance                  21,000        

Factory insurance                  13,000

Factory manager's salary     10,800

Janitor's salary                        5,000

Property taxes:                 <u>      16,000  </u>

    Total Fixed Cost:             65,800

The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

Same goes with packaging cost, if no unit is produced then, no packagin is needed.

6 0
3 years ago
When manufacturers such as pampered chef sell directly to consumers, they perform both production and retailing activities?
jekas [21]
That statements is true

Manufacturer is a type of business that transform raw materials into a sellable goods, so technically they can be considered as a producer in the market.
Retailers is someone that sell the goods that produced by the manufacturers to the consumers.

So, in this case, they did perform both production and retailing activities
8 0
3 years ago
anita is assigned to appraise a house in an area with very few sales over the past year. one of the comparable properties she ch
Vaselesa [24]

The action that Anita would have to take for the result of the foreclosed sale would be to Make a positive adjustment to the sales price of the foreclosed home.

<h3>What is a house appraisal?</h3>

This is the term that is used to refer to the unbiased opinion that Anita is going to have about this house. It is based on her professional opinion. The appraisal is required when there is a need to buy a property or to sell one.

In this question the action that has to be taken would be to Make a positive adjustment to the sales price of the foreclosed home.

Read more on appraisals here:

brainly.com/question/7595736

#SPJ1

3 0
1 year ago
A government inspection has required your company to upgrade the safety equipment in the manufacturing process of ice creamery.
lapo4ka [179]

Answer: Option E

Explanation: In simple words, the group of factors outside the organisation that are not in the control of the management are called external environment. The legal-political dimension refers to the rules and legislation passed by the authorities for effective operating of the society as a whole.

In the given case, the inspection leading to safety upgrade was done done by the govt. Such requirement depicts that the safety structure was not as per the law passed or rule made.

Hence, from the above we can conclude that the correct option is E.

6 0
3 years ago
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 32,000 Treasury stock 570,000 Paid-in ca
Thepotemich [5.8K]

Answer:  $9,182,000

Explanation: This question can be done as follows :-

Total shareholders equity = paid in capitals + other paid in capitals + retained earnings - treasury stock

Putting the values into equation we get :-

Total shareholders = $32,000 + $5,200,000 + $4,200,000 - $250,000

equity

                                = $9,182,000

8 0
3 years ago
Other questions:
  • ​"a measure of process​ performance; the ratio of outputs to​ inputs" is the definition of
    13·1 answer
  • Max chose to operate his production studio as a sole proprietorship even though his attorney cautioned that he was:____________
    14·1 answer
  • The federal government is trying to decide if money should be spent on
    6·1 answer
  • An investor purchases one municipal bond and one corporate bond that pay rates of return of 7% and 8.4%, respectively. If the in
    15·1 answer
  • Who wants to have their paper proofread for free?
    9·1 answer
  • What is internet reendorsement?
    15·1 answer
  • What are some advantages of students being exposed to computer software? (as it relates to Accounting)
    6·2 answers
  • Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $62,000 cash immediately
    8·1 answer
  • Prime Inc. has come up with a new product development project for which the project manager forms a team. The team includes Cam,
    9·1 answer
  • The annual global growth rate of the human population peaked in the ________ and has been declining ever since.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!