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Ratling [72]
2 years ago
15

Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of m

aterial is $7.50. During the month, 8,400 chairs were manufactured, using 43,700 yards at a cost of $7.30 per yard. Determine the following: Enter favorable variances as negative numbers. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Total direct materials cost variance
Business
1 answer:
Readme [11.4K]2 years ago
5 0

Answer:

Total  direct material variance = $260

Price variance = $8,740 Favourable

Usage variance = $9,000 Adverse

Explanation:

<em>Direct  material price variance</em>

43,700×(7.50-7.30) = $8,740 Favourable

<em>Direct material usage variance</em>

                                                                               Yards

8,400 chairs should have used (8,400× 5)       42,500

but dis use                                                          <u> 43,700</u>

                                                                             1,200 adverse

standard price                                                   × <u> $7.50</u>

Usage variance                                                 <u>  9.000 Adverse</u>

Total  direct material variance = Price variance + quantity variance

= 8,740F + 9,000A= $260 A

Total  direct material variance = $260 Adverse

Price variance = $8,740 Favourable

Usage variance = $9,000 Adverse

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Answer:

B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.

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The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.

An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).

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Facilitators

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In the context of Web marketing, the _____ is computed by dividing the number of clicks an ad gets by the total impressions boug
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2 years ago
During the last year, Exeter Enterprise Inc. generated $702.00 million in cash flow from operating activities and had negative c
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Answer:

a.) -$254.00 million

* The option given in the question is inconsistent with question's data so that the answer is not matched. Following Question is the correct. Please refer my following solution to this question

During the last year, Len Corp. generated $936 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$512 million). At the end of the first year, Len Corp. had $160 million in cash on its balance sheet, and the firm had $330 million in cash at the end of the second year. What was the firm's cash flow (CF) due to financing activities in the second year?

a.) -$254.00 million

b.) -$127.00 million

c.) $317.50 million

d.) $190.50 million

Solution based on above data:

Cash Balance at the end of Year 2 = Cash Balance at the start of Year 2 + net cash flow for year 2

Cash Balance at the end of Year 2 = Cash Balance at the start of Year 2 + ( Cash flow from operating activities + cash flow from Investing activities + cash flow from Financing activities

$330 million = $160 million + ( 936 million + (-$512 million ) + cash flow from Financing activities )

$330 million = $160 million + ( 936 - $512 million + cash flow from Financing activities )

$330 million = $160 million + 424 million + cash flow from Financing activities

$330 million = $584 million + cash flow from Financing activities

Cash flow from Financing activities = $330 million - $584 million

Cash flow from Financing activities = - $254 million

Explanation:

According To given data:

Cash Balance at the end of Year 2 = Cash Balance at the start of Year 2 + net cash flow for year 2

Cash Balance at the end of Year 2 = Cash Balance at the start of Year 2 + ( Cash flow from operating activities + cash flow from Investing activities + cash flow from Financing activities

$305 million = $120 million + ( 702 + (-$384 million ) + cash flow from Financing activities )

$305 million = $120 million + ( 702 - $384 million + cash flow from Financing activities )

$305 million = $120 million + 318 million + cash flow from Financing activities

$305 million = $438 million + cash flow from Financing activities

Cash flow from Financing activities = $305 million - $438 million

Cash flow from Financing activities = - $153 million

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