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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

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D

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5. A manufacturing company decides to buy solar cells in anticipation of rising electricity costs. The company is modeling its p
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If the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is <u>$11,385.20</u>.

<h3>What is the present value?</h3>

The present value is the discounted value of some future cash flows.  It is computed using the present value formula or table.  It can also be computed using an online finance calculator as follows:

For this project, we first calculate the future value of the cost-savings from the solar project based on $20,000 and 5% increases for 20 years as follows.

N (# of periods) = 20 years

I/Y (Interest per year) = 5%

PV (Present Value) = $20,000

PMT (Periodic Payment) = $0

Results:

FV = $53,065.95 ($20,000 + $33,065.95)

Total Interest = $33,065.95

Thereafter, we compute the present value of the above future value based on an 8% expected rate of return as follows:

N (# of periods) = 20 years

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $0

FV (Future Value) = $53,065.95

Results:

PV = $11,385.20

Total Interest = $41,680.75

Thus, if the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is <u>$11,385.20</u>.

Learn more about future values at brainly.com/question/24703884

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Answer:

Normal conditions not applying.

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1. Project initiation

2. Project planning

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