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]
2 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]2 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
Retailing is one area where technology is unlikely to make a big difference in how services are provided.
Gnesinka [82]

Ok I thing that, Retailing is one area where technology is unlikely to make a big difference in how services are provided.

3 0
2 years ago
Antonia's presentation will discuss the advantages and disadvantages of selling her company's product exclusively online. The mo
PSYCHO15rus [73]

Answer:

comparison/contrast

Explanation:

The most effective organizational strategy for Antonia's presentation would be by comparison/contrast. This organizational strategy focuses on comparing all the pros and cons of choosing to go a certain route in a business decision with the pros and cons of choosing to go another route. This is what Antonia is planning to discuss with the advantages and disadvantages, but in order to convince the viewers she needs to compare this with the advantages and disadvantages of not selling exclusively online.

5 0
3 years ago
The most immediate impact of rising inflation is
larisa86 [58]
The most immediate impact of rising inflation is going to be higher prices. The correct answer is B, higher prices. 
3 0
3 years ago
An organization’s offices consist of cubicles, shared areas, and conference rooms. This organization structure translates to the
natka813 [3]

Answer:

Openness, equality, creativity and flexibility

Explanation:

This is an example of material symbols

8 0
3 years ago
What do you call a franchise ownerâs share of earnings that is given as a payment to a parent company?
BabaBlast [244]
Franchise royalty fee. 
7 0
3 years ago
Other questions:
  • Which method of depreciation results in periodic depreciation expense that fluctuates from one period to the next, not necessari
    9·1 answer
  • Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?
    8·1 answer
  • On August 1, ABC Company sold its investment in Teal Company for $12,400. On the previous balance sheet, the investment had a fa
    6·1 answer
  • Which condition must be true for a nation to exist?
    13·1 answer
  • What kind of table lists the quantity of a good that a person will buy at different prices?
    9·1 answer
  • The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable
    6·1 answer
  • On the last day of December 2016, Camreyâs Trucks entered into a transaction that resulted in a receipt of $216,000 cash in adva
    15·1 answer
  • When the interest rate is 10% per year, all of the following are equivalent to $5,000 now except: A) $4,545 one year ago B) $5,5
    8·2 answers
  • Are female expatriates different?.​
    15·2 answers
  • When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!