Deductive reasoning usually takes place in

Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound.

butalik [34]

Answer:

materials quantity variance: 1,200 unfavorable

Explanation:

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 5400.00

actual quantity 6000.00

std cost $2.00

$(5,400 - 6,000) \times 2.00 = DM \: quantity \: variance$

difference -600.00

quantity variance $(1,200.00)

The difference between standard and actual quantity is negative. We used more pounds than expected, the variance will be unfavorable.

600 extra pounds at $2.00 each = 1,200

6 0

3 years ago

There are three popcorn vendors at a local tournament. Collectively, the vendors sold 3,000 boxes of popcorn throughout the tour

mario62 [17]

Answer:Ally's Eats and Gameday Grub

Explanation:

7 0

3 years ago

As a gift from your parents, you just received $50,000 for your education. You can earn an annual rate of 8% on your investments

VashaNatasha [74]

Answer:

annual withdrawal = $15096.04

Explanation:

given data

present value = $50,000

annual rate = 8%

time = 4 year

to find out

How much can you withdraw each year

solution

we find here annual withdrawal amount that is express as

annual withdrawal = $\frac{present\ value}{\frac{1-(1+r)^{-t}}{r}}$ ................1

here r is rate and t is time

so put here value we get

annual withdrawal = $\frac{50000}{\frac{1-(1+0.08)^{-4}}{0.08}}$

annual withdrawal = $\frac{50000}{3.31212}$

annual withdrawal = $15096.04

7 0

3 years ago

Lewis Company had the following transactions involving notes payable.

Fiesta28 [93]

Answer and Explanation:

The journal entries are shown below

1. Cash Dr $50,500

To Note payable $50,500

(Being the amount borrowed is recorded)

2. Cash Dr $61,200

To Note payable $61,200

(Being the amount borrowed is recorded)

3. Interest expense $2,020

To Interest payable $2,020

(Being the interest expense is recorded)

The computation is shown below:

= $50,500 × 8% × 6 months ÷ 12 months

= $2,020

4. Interest expense $612

To Interest payable $612

(Being the interest expense is recorded)

The computation is shown below:

= $61,200 × 6% × 2 months ÷ 12 months

= $612

5. Note payable $61,200

Interest expense $306

Interest payable $612

To Cash $62,118 ($61,200 + $918)

(Being the principal and the interest is recorded)

= $61,200 × 6% × 3 months ÷ 12 months

= $2,020

5. Note payable $50,500

Interest expense $1,010

Interest payable $2,020

To Cash $62,118 ($50,500 + $3,030)

(Being the principal and the interest is recorded)

= $50,500 × 8% × 9 months ÷ 12 months

= $3,030

8 0

3 years ago

A mindset refers to regard for global culture and identification with individuals everywhere. These people are less influenced b

iren [92.7K]

Answer:

A

Explanation:

5 0

3 years ago