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
lakkis [162]
2 years ago
9

Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as

follows: Actual production 25,000 packs of Product P Actual cost of raw material Q 95,500 units at $0.85 Actual cost of labor 500 hours at $6.25 Standard quantity of raw material 96,000 units for 25,000 units of Product P Standard price of raw material Q $0.77 Calculate the total material variance for Product P for the first week in January
Business
1 answer:
kaheart [24]2 years ago
3 0

Answer:67500

The right solution is "13,675 U".

Explanation:

According to the question,

The standard material cost will be:

= 25000\times (\frac{90000}{30000} )\times 0.90

= 25000\times 30000\times 0.90

= 67,500

The actual material cost will be:

= 95500\times 0.85

= 81,175

hence,

The total material price variance will be:

= Actual \ cost - Standard \ cost

= 81175-67500

= $13,675 (Unfavorable)

You might be interested in
HELP!!!!!
pshichka [43]
It’s 70 $ the answer is 70
5 0
3 years ago
What is the purpose of the 1040 series of tax forms?
melamori03 [73]
It is the standard (IRS) form that individuals use to file their annual  income tax returns
6 0
3 years ago
Read 2 more answers
When applied in marketing settings, the 80–20 Rule usually accurately suggests [approximately] 80% of profits emanate from (abou
svet-max [94.6K]

Answer:

The Pareto principle

Explanation:

The Pareto principle asserts that 80 percent of output will come from 20 percent of inputs. In different words, 80 percent of the results will come from 20 percent of the action.  The Pareto principle is only an observation, not a law. The principle is applicable in business and almost all other disciplines.

In applying the Pareto principle, a business recognizes its best assets as uses efficiently to gain maximum value.  The principle observes that similar amounts of input will yield different outputs. For business, results will never be evenly distributed, hence the need to identify and appreciate the minority inputs that will produce the majority of results.

6 0
3 years ago
Barry's Sport Shop calls Champs Tee Shirt Company to order 200 designer tee shirts at $2 per shirt. The next day, Barry decides
lara31 [8.8K]

Answer: No.

Explanation: Based on the initial agreement made between Champs Tee shirt company and Barry's sport shop, which was the de sealed for the purchase of 200 shirts at a price of 100. Even though additional demand of 100 t-shirts was made, Champs decided to send 200. Barry will be unable to force Champs to send the additional 100 because the transaction was made and agreed on verbally without any written. or signed document which could be tendered as evidence when trying to force Champs to send the additional 100

8 0
3 years ago
Future Value At age 20 you invest $1,000 that earns 7 percent each year. At age 30 you invest $1,000 that earns 10 percent per y
agasfer [191]

Answer:

In the case of age 30, there will be more money at the age of 60

Explanation:

When person start investing at the age of 20 then total year till 60 years age is  = 40 years.

Interest rate (r ) = 7 percent or 0.07.

Investment amount (Present value) = $1000

Now the total amount at the age of 60 years is calculated below.

Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.07 ) ^{40}\\= 14974.4578 \ dollars

Now calculate the total amount at the age of 60 years when he invest at the age of 30 and earns interest rate 10 percent. Now the number of years is 30.

Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.1 ) ^{30}\\= 17449.4023 \ dollars

7 0
3 years ago
Other questions:
  • Liquid dry shampoo should be used to clean what kind of wigs
    7·1 answer
  • You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mal
    6·1 answer
  • Which potential stakeholders are a list in Proctor and Gamble’s purpose statement
    13·1 answer
  • Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2020. The bonds pay interest annually. Your answer is pa
    13·1 answer
  • Anyone want to help?
    15·1 answer
  • Consider the following dialog between Rina, an economics student who currently studies macroeconomics, and Yvette, her teaching
    11·1 answer
  • Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each
    9·1 answer
  • Cost of Living The City of St. Albans has a unionized police force that is coming up for a contract renewal. The police have one
    14·1 answer
  • A brokerage sold a property for $250,000. Six percent was paid on the first $100,000, 5% on the next $100,000, and 4% on the bal
    15·1 answer
  • in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!