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Novay_Z [31]
3 years ago
7

JT Engineering usually pays $21 per pound of copper and uses 300 pounds of copper per 1,000 widgets. Due to the current high dem

and for copper, JT is currently paying $32 per pound of copper. What will JT’s materials price variance be for this purchase?A : $3,300B : $3,200C : $1,300D : $2,100
Business
1 answer:
Tems11 [23]3 years ago
4 0

Answer:

A : $3,300

Explanation:

Given;

Initial cost = $21 per pound of copper

Current cost = $32 per pound of copper

Cost variance = $32 - $21

                       = $11

If 300 pounds of copper per 1,000 widgets, then

JT’s materials price variance be for this purchase

= Cost variance × Pound required

= $11 × 300

= $3,300

The right answer is A : $3,300

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The Engine Division provides diesel engines for the Motor Home Division of a company. The standard unit costs for Engine Divisio
Lisa [10]

Answer:

The best transfer price to avoid transfer price problems is $2,310

Explanation:

Transfer Price = Variable cost + Fixed Fee

Variable Cost = Direct Material + Direct labor + Variable Overhead

                       = 600 + 1,200 + 300

                       = 2,100

Transfer Price = Variable cost + Fixed Fee

                        = 2,100 + 210

                        = $2,310

Therefore, The best transfer price to avoid transfer price problems is $2,310

3 0
3 years ago
​Zane's Vanes is a service that restores old weather vanes. Zane has just spent​ $125 purchasing a​ 1920s-era weather vane which
VladimirAG [237]

Answer:

The marginal benefit from selling the vane without restoring it is $200.

Explanation:

Marginal benefits are the extra income a company can get from selling one additional unit of production.

Zane had already spent $250 in purchasing the vane and the restoration process.

Zane has two options:

  1. Sell the vane as it is for $200.
  2. Keep restoring the vane, spend $200 more and sell the vane for $500.

If Zane decides to sell the vane as it is, his marginal benefit will be $200. That would not be enough to cover his costs, this transaction will result in a $50 loss.

If Zane decides to continue the restoration, then his marginal costs will be $200 extra, but his marginal benefit would be $500. If he chose this option he could end up earning a $50 profit.

8 0
3 years ago
Which of the following is not a correct statement about​ M2? A. M2 is a broader definition of money compared to M1 and currency.
natka813 [3]

Answer:

D) M2 is the best definition of money as a medium of exchange.

Explanation:

M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.

8 0
3 years ago
What problems could develop if the us became too dependent on other nations for goods and services
xeze [42]

Answer:

TRADE DEFICIT

FOREIGN CURRENCY RESERVE DEPLETION

LOCAL CURRENCY DEVALUATION

RECESSION

POTENTIAL UNEMPLOYMENT

Explanation:

The problem that could develop if the U.S. became too dependent on other nations for goods and services are:

1. Trade deficit because when a country imports more than it exports it runs a trade deficit.

2. Foreign Currency Reserve Depletion: If the U.S. has to import so much from other countries, it will need to increase its foreign reserve because that is how it will pay for such imports. Otherwise the foreign reserve will be hugely depleted

3. Local Currency Devaluation. Reliance on exports can devalue the worth of the local currency because the demand of the foreign currency will be high in relation to local currency and people will be willing to pay more to get foreign currency, which will devalue the local currency

4. Recession: If the United States is reliant on OPEC countries for Oil and an embargo is placed on oil export from those, the U.S. will suffer a recession.

5. Potential Unemployment: Imports of finished goods will cripple local industries who will be forced to compete with the international firms whose goods and services are being imported; and those employed in such industries might loose their jobs, if the small local enterprises are unable to survive such competition.

8 0
3 years ago
Dave harris has just purchased a bond with a face value of $1,000 that pays 6 percent. the purchase price of the bond was $900,
Vilka [71]
The yield of maturity for this bond is "8.4 percent".
We can calculate this in the following way;
<span>Yield to maturity = YTM = {($1,000 x .06) + [($1,000 - 900)/5]}/[($900 + $1,000)/2]
=(60 + 20) / (950)
=80/950
=0.084 
=0.084 x 100
= 8.4 percent</span>
8 0
3 years ago
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