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Novosadov [1.4K]
3 years ago
5

The following data relate to the direct materials cost for the production of 2,200 automobile tires:

Business
1 answer:
Murljashka [212]3 years ago
8 0

Answer and Explanation:

The computation is given below:

Direct Material price variance is

= ($1.70 per lb - $1.65 per lb) × 55,500 lbs.

= $2,775 Unfavorable

Direct Material quantity variance is

= (55,500 lbs. - 56,600 lbs.) × $1.65 per lb

= $-1,815 Favorable

Total Direct Materials Cost Varianceis

= Actual Materials Cost  - Standard Materials Cost  

= (55,500 lbs. × $1.70 per lb) - (56,600 lbs. × $1.65 per lb)

= $94,350 - $93,390

= $960 Unfavorable

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Solar energy is the least expensive source of renewable energy in the United States. True False
belka [17]

Answer:

False

Explanation:

Solar energy is one of the most expensive energy sources out there look it up!

4 0
3 years ago
Squeaky Clean Car Wash has a goal of increasing its repeat customers by 30% over the next year. It began by looking at ways to s
Alex_Xolod [135]

Answer:

C) situation analysis

Explanation:

Situation Analysis are methods used by managers to evaluate their internal and external environment to understand challenges faced by the business, and opportunities to exploit.

At Squeaky Clean was a situation analysis was done and it was discovered that high turnover of wash attendants was affecting customer confidence in their business (internal environment).

Also a competitor had an additional service, that is frequent cleaner card (external environment).

The management will use this information to better serve their customers, so that they would achieve their goal of increasing its repeat customers by 30% over the next year.

3 0
3 years ago
When the Fed does repos and reverse repos (or repurchase agreements) with financial institutions, the collateral used in these t
MatroZZZ [7]

Answer:

U.S. Treasury bonds.

Explanation:

Repurchase agreements can take place between a variety of parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves.

This are open market operation and the Treasury bonds are the collateral

3 0
3 years ago
You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years
Vika [28.1K]

Answer:

$81.52

Explanation:

To determine the price of the stock, one has to calculate the present value of the stock.

The present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow in year 1 = $3

Cash flow in year 2 = $4.25

Cash flow for year 3 = $100 + $6 = $106

I = 12 %

Present value = $81.52

The price one would pay for the stock today is $81.52

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
Assume that IBM leased equipment that was carried at a cost of $178,000 to Sandhill Company. The term of the lease is 7 years De
Tanya [424]

Answer:

Explanation:

December 31, 2017

DR Cash $30,868

CR Lease Receivables $20,569

CR Interest Revenue $10,299

(To record less payment receipt)

Workings

Interest Revenue

= ( Present Value - Rental Payment for year) * Interest Rate

= ($178,002 - $30,868 )*7%

= $10,299.38

= $10,299

Lease Receivables

= 30,868 - 10,299

= $20,569

6 0
4 years ago
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