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klemol [59]
3 years ago
9

Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price i

s $7 per pound. If 2,700 units used 31,100 pounds, which were purchased at $7.28 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Direct materials cost variance $fill in the blank 5
Business
1 answer:
Sloan [31]3 years ago
8 0

Answer and Explanation:

The computation is shown below:

a.

Direct material price variance is

= ($7 - $7.28) × 31,100

= $8,708 Unfavourable

b.

Direct material quantity variance is

= (2,700 × 12 - 31,100) × $7

= $9,100 Favourable

c.  

Direct material cost variance is

= $9,100 - $8708

= $392 favorable

In this way, it should be calculated

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It is personality factor which means doing things even before being told​
timama [110]

Answer:

Initiative.

Explanation:

Initiative is a personality factor which means doing things even before being told.

This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.

Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.

6 0
3 years ago
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N
ExtremeBDS [4]

Answer:

1.- 35,000 helment x 0.6 kilograms = 21,000 STD quantity

2.- 21,000 kilograms x $8 per kilogram = $168,000

3.- 9,000 F

4.- 12,000 U

Explanation:

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $8.00

actual cost  $7.60

quantity 22,500

(8.00 - 7.60) \times 22,500 = DM \: price \: variance

difference  $0.40

The actual cost for each kilogram is lower than expected. This means the copamny saved cash in the purchase. This variance is favorable.

saved 0.40 per kilograms x 22,500 purchased

price variance  $9,000.00

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity\: variance

std quantity 21000.00

actual quantity 22500.00

std cost  $8.00

(21,000 - 22,500) \times 8 = DM \: quantity\: variance

difference -1500.00

The actual quantity was higher than expected, this variance will be unfavorable

1,500 extra kilograms x $8 each =

quantity variance  $(12,000.00)

8 0
3 years ago
Sid Salesman sold Bea Buyer a used 2004 Camry for 8,000. The morning after the contract was signed, Sid called Bea to say that h
ExtremeBDS [4]

Answer:

A. No, this was a unilateral mistake of fact by Sid.

8 0
4 years ago
You are an occupational health nurse in a large ceramic manufacturing company. how would you intervene to prevent occupational l
Ira Lisetskai [31]

As a health nurse here are some prevention methods for lung diseases for the people that work in ceramic industry that everyone should be aware of:

  • Make sure to use a ceramic mask when you are working or mixing the clay to make sure you do not inhale any fine particles.
  • At all costs unnecessary exposure to the dust should be avoided as these dust particles when inhaled decrease the lung capacity.
  • Do not eat or drink at your working place as these will again go through your system leading to any damages.
  • Always be aware of the ingredients that are using if they are harmful the management should be made aware so that it doesn't harm when working with them.
  • Good and clean working environment with a flow of fresh air should be insured.

To know more about lung diseases refer to the link below

brainly.com/question/15645636

#SPJ4

3 0
2 years ago
If the adjustment for accrued revenue is not recorded a.assets will be overstated. b.net income will be overstated. c.liabilitie
vagabundo [1.1K]

Answer:

The correct answer is d. net income will be understated.

Explanation:

The accumulated or accrued income will be represented by those that have been earned during a financial year but that have not been received or recorded in the payment, because the term has not yet expired. If they are not recognized within the accounting year, it is said that the income item is being underestimated, and for that reason the information in the financial statements is not being faithfully represented.

3 0
3 years ago
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