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
Which of the following deductions are typically found in an employee's paycheck?
astraxan [27]

Answer:

B

Explanation:

u have to work to be able to get help when u get old

4 0
3 years ago
The objective of the company that manufactures liqueur is to grow its international business. To determine its success, it compa
mote1985 [20]

Answer:

Standard.

Explanation:

In the context above, it can be seen that the 1988 was been provided to be a standard for growth and high export year against all other years. Therefore, in a bid to improve its manufacture growth, different things are expected to change back or better than the model or steps that are been used. Objectives to determine a huge success in the current project is seen to be in a cue with that of the year discussed above.

6 0
3 years ago
Which is a postreading strategy common to both fiction and nonfiction?
Sedbober [7]

Answer:

summarizing

Explanation: just did it.

7 0
3 years ago
Read 2 more answers
Does it surprise you the speaker recommends putting 80-100% of your retirement savings in investments? Why or why not
kherson [118]

Answer:

Yes, it does because the price is way to high (i took the test so ask me if you need anything else )

Explanation:

8 0
3 years ago
At the end of the fiscal year, an adjusting entry is made that increases salaries payable and salaries expense. this entry is an
Thepotemich [5.8K]

The accounting principle that was made is called matching. At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted, total assets will be understated at the end of the current year.  Income Summary will be close to retained earnings at the end of fiscal year accounts will be closed to the retained earnings account. 

7 0
3 years ago
Other questions:
  • What are the managerial implications of a borderless organization?
    12·1 answer
  • Define what the income statement reports by completing the following sentence: The income statement describes a company's Blank
    8·1 answer
  • Communication involves the transfer of meaning. however, for communication to be successful the meaning must not only be imparte
    7·1 answer
  • Sarah’s Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 90
    8·1 answer
  • Candlewood LLC started business on September 1, and it adopted a calendar tax year. During the year, Candlewood incurred $6,500
    7·1 answer
  • The following transactions are for Kingbird Company.
    9·1 answer
  • A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first co
    6·1 answer
  • As the price level rises, the purchasing power of households' real wealth will , causing the quantity of output demanded to . Th
    7·1 answer
  • Retailers who sell goods and services to ultimate consumers over the Internet are engaged in: Multiple choice question. traditio
    10·1 answer
  • what is the true difference between consultative leadership and participative leadership in decisiion making?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!