Answer:
Material quantity variance
= (Standard quantity - Actual quantity) x Standard price
After the adjustment for missing order
Material quantity variance
= (1.25 x 5,000 - 6,200) x $1.50
= $ 75( F)
The correct answer is A
Explanation:
Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. Standard quantity is standard quantity per unit multiplied by units made. Since the units made are now 5,000 units. Standard quantity will be 1.25 multiplied by 5,000 units.
The maximum possible change in the money supply is $250 million.
The change in required reserves when an amount of money is deposited in a bank is determined by the reserve requirement.
Reserve requirement = increase in required reserves / amount deposited
$10 million / $50 million = 0.20 = 20%
The change in money supply can be determined using this formula:
Amount deposited / reserve requirement
$50 million / 20%
$50 million / 0.2 = $250 million
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Here is the correct answer of the given question above. When a communist country decides to give its people more economic freedom in an attempt to improve its failing economy, the outcome that is most likely to be worried about in this case is that, PEOPLE WILL WANT MORE POLITICAL FREEDOM.
Answer:
$1.25
Explanation:
With regards to the above and given that;
Direct material = $510 310
Direct labor = $410 $670
Manufacturing overhead?
Work in process = Direct material + Direct labor + manufacturing overhead
$3,250 = $820 + $1,080 + MOH
$3,250 - $1,900 = MOH
MOH = $1,350
Overhead rate = MOH/Direct labor hour
= $1,350/1080
= $1.25
