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3 years ago

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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1) The Johnson Manufacturing Co. has an annual operating budget of $750,000. Each year it budgets for the following expenses: po

nevsk [136]

Answer:

See below

Explanation:

The percentage allocated to each socially responsible action

1. pollution control

Pollution control has been allocated is $37,000

As a percentage

= $37,000/$750,000 x 100

=0.0493333 x 100

=4.933%

2. Community project

community project has been allocated $22,500

As a percentage

= 22,500/750,000 x 100

=0.03 x 100

=3%

3. Employee fitness

The amount allocated to employee fitness is $7500

As a percentage

=$7500/$750,000 x 100

=0/01 x 100

=1%

4. The total amount spent is

=, $37,000 +$22,500 +$7,500.

=$67,000

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3 years ago

The scenario below should be used for the following two questions. Your company, Johnson Farm Products, has decided to expand it

rewona [7]

Answer:

Education and communication

Explanation:

Education and Communication is the method to be used. Communicating the reasons behind a change can reduce employee resistance on two levels.

First, it prevents misinformation and poor communication: If employees receive the full facts and clear up misunderstandings, resistance should subside.

Second, communication can help portray the need for change by packaging it properly.

7 0

3 years ago

The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to grow 5% per year. Callahan'

Leviafan [203]

Answer:

14.06%

Explanation:

The computation of the cost of common equity using the DCF method is shown below:

Cost of Common Equity = [Ending year dividend ÷ Price per share] + growth rate

= [$2.31 ÷ $25.50] + 0.05

= 14.06%

We simply applied the above formula by considering the ending year dividend, price and the growth rate so that the correct percentage could come

5 0

3 years ago

The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2

dimaraw [331]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

Unitary variable cost= $17

Selling price= $28 per unit.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 20,000 / (28 - 17)

Break-even point in units= 1,818 units

<u>Now, the profit for 1,500 units:</u>

Loss= 1,500*11 - 20,000= -$3,500

8 0

4 years ago

Use the following data to determine the total amount of working capital.

Leokris [45]

Answer:

$353,800

Explanation:

Working Capital = Current Assets - Current Liabilities

where,

CA = $146000 + $189000 + $155000 + $94800 = $584,800

CL = $206000 + $25000 = $231,000

therefore,

Working Capital = $584,800 - $231,000 = $353,800

6 0

3 years ago