Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
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What is the standard quantity?</h3>
- The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
- It is calculated by multiplying actual production units by the standard material quantity per unit.
- For example, during the month of March, a company manufactured 2000 items.
- The typical amount of material needed to produce one unit of output was 5 pounds.
- A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities].
- Chemists conduct many measurements.
- If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.
Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.
Answer:
$207000 is the sales revenue for the year.
Explanation:
The given situation is:
Sales Revenue 100%
Cost Of Goods sold <u> 60% </u>
Profit Margin 40%
Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:
Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory
By putting values we have:
Cost Of Goods Sold = $54,000 + $109,800 - $39,600
Cost Of Goods Sold = $124,200
Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).
Sales revenue = Cost of goods sold * 100% / 60%
Sales revenue = $124200 * 100% / 60% = $207,000
We can avoid water pollution by keeping our water clean and trashless.
Answer:
Take a minority equity interest in the operation.
Explanation:
Multiple Choice
a) Sell competitive advantage to competitors.
b) Agree to import another product from the Asian market.
c) Take a minority equity interest in the operation.
d) Withhold vital process technology from the local firm.
e) Establish a franchise operation.
A turnkey strategy is a market entry position where the project is built from the ground up and turned over to the client ready to go – turn the key and the plant is operational. This is a very good way to enter foreign markets as the client is normally a government. While when one takes a minority equity interest they do not have the votes to control the operations and finances of the the company’s business.
Kaylee, the Chief Financial Officer for a metal refinery, Kaylee reasons that the company doesn't have longterm interest in the Asian market advises to take a minority equity interest in the operation in order not to lose financially.
