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
brilliants [131]
3 years ago
11

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pound

s Standard price $13.20 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800 pounds Actual cost of materials purchased $62,880 Actual materials used in production 4,800 pounds Actual output 700 units The direct materials purchases variance is computed when the materials are purchased. 1) What is the materials price variance for the month?A) $6,600 U.B) $16,104 U.C) $15,982 U.D) $6,550 U 2) What is the materials price variance for the month? A) $480 F.B) $430 U.C) $430 F.D) $480 U.
Business
1 answer:
irina [24]3 years ago
4 0

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price variance, we need to use the following formula:</u>

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

Direct material price variance= (13.2 - 13.1)*4,800

Direct material price variance= $480 favorable

Actual price= 62,880 / 4,800= 13.1

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

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

Direct material quantity variance= (4.4*700 - 4,800)*13.2

Direct material quantity variance= $22,704 unfavorable

You might be interested in
The manager of a(n)____center does not have control over revenue or the use of investment funds
Mashcka [7]

The manager of the cost center does not have control over revenue or the use of investment funds.

<h3>What is a Manager?</h3>

A manager is referred as an individual in an organization who controls and coordinates functions and operations and notifies the use of resources in an appropriate manner after assigning them and helps in strategy development.

The manager of the cost center does not have control over revenue or the use of investment funds. Only managing costs within the budget is under the responsibility of a cost center manager.

In order to increase organizational efficiency and make revenue, internal management makes use of cost center data.

Learn more about Managers, here:

brainly.com/question/28017308

#SPJ4

4 0
1 year ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The yield to maturity is 7.6 perc
Oliga [24]

Answer:

Price of the bond is $1,757

Explanation:

Coupon payment = 2000 x 6.4% = $128 annually

Number of periods = n = 20 years

Yield to maturity = 7.6% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $128 x [ ( 1 - ( 1 + 7.6% )^-20 ) / 7.6% ] + [ 2,000 / ( 1 + 7.6% )^20 ]

Price of the Bond = $128 x [ ( 1 - ( 1.076 )^-20 ) / 0.076 ] + [ 2,000 / ( 1.076 )^20 ]

Price of the Bond = $1295.03 + $462.15

Price of the Bond = $1,757.18

5 0
3 years ago
Hettrick International Corporation's only product sells for $120.00 per unit and its variable expense is $52.80. The company's m
MrRissso [65]

Answer:

Number of units to be sold= 6,093

Explanation:

Giving the following information:

Selling price= $120

Unitary variable cost= $52.8

Fixed cost= $396,480

Desired profit= $13,000

<u>To calculate the number of units to obtain the desired profit, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (396,480 + 13,000) / (120 - 52.8)

Break-even point in units= 6,093.4 = 6,093

7 0
3 years ago
Which of the following is true when there is excess demand for a product in a market?
tigry1 [53]
Surplus hope it helps since you did not put any choices ......
7 0
3 years ago
Joshua is retired. He lives on a fixed pension. His daughter Sue just bought a house. She has fixed rate of interest on her mort
Radda [10]
<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>

Explanation:

  • Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
  • Now the value of money goes down due to inflation
  • So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
  • Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
  • "Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
6 0
4 years ago
Other questions:
  • Kelly and David are both capable of repairing cars and cooking meals. Which of the following scenarios is not possible? a. Kelly
    13·1 answer
  • During the period of 1986-1995 the failures at savings and loan institutions were caused by:__________
    10·2 answers
  • Although __________________ costs are important in management decision making, they are difficult to trace to a particular produ
    6·1 answer
  • Which hardy-weinberg condition is affected by population size?
    11·1 answer
  • Which of the following indicators is not considered when determining whether performance obligations are satisfied at a point in
    6·1 answer
  • The city of Ventura would like to build a seawall to protect the city from the threat of tsunamis. Each additional inches of hei
    12·1 answer
  • Highlight the possible risks and problems that should be addressed during the implementation process
    8·1 answer
  • What it do Flight crew…
    15·1 answer
  • Flychucker Corporation is evaluating an extra dividend versus a share repurchase. In either case $14,000 would be spent. Current
    14·1 answer
  • Suppose that there is a tax of $1 per unit, and the elasticity of supply is 3 and the elasticity of demand is 2 (in absolute val
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!