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Katyanochek1 [597]
3 years ago
12

Jake Shirt Co. used 5,300 square yards of polyester to produce 3,000 shirts. The standard quantity of material for the 3,000 shi

rts produced is 6,100 square yards. The standard price for direct materials is $4.00 per square yard. The entry to record the direct materials quantity variance would include a:_____________
a. debit to Direct Materials Quantity Variance for $3,200.
b. credit to Direct Materials Quantity Variance for $3,200.
c. debit to Direct Materials Quantity Variance for $12,000.
d. credit to Direct Materials Quantity Variance for $12,000.
Business
1 answer:
alekssr [168]3 years ago
8 0

Answer:

b. credit to Direct Materials Quantity Variance for $3,200.

Explanation:

Direct material quantity variance = Standard quantity - Actual quantity * Standard price for direct material

Direct material quantity variance = (6,100 - 5,300) * $4

Direct material quantity variance = 800 * $4

Direct material quantity variance = $3,200 Favorable

The entry to record the direct materials quantity variance would include a <u>credit to Direct Materials Quantity Variance for $3,200</u>

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One way the U.S. Department of Commerce helps potential exporters is by providing export specialists who act as the export marke
Ganezh [65]

Answer:

assembling a "comparison shopping service" for countries that are major markets for U.S. exports.

Explanation:

US Department of Commerce helps potential exporters assembling a "comparison shopping service" for about 14 countries that are major markets for U.S. exports.

4 0
3 years ago
Pina Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 19,900 golf discs i
Ivahew [28]

Answer:

a) <em>Net income using incremental analysis is  </em> $692

b)   PINA should accept the order because it will increase its net income by $692

<em />

Explanation:

The relevant cash flows for decision to accept or reject the special order are

I. the incremental contribution from of producing 5,350 units

2. The incremental fixed cost- 45,374

Note that whether or not the special order is accepted the fixed cost of manufacturing  would be incurred either way.

Contribution per unit =Selling price - Variable cost

Variable production cost per unit = total variable cost / units

                                  = (10,945 + 29651 + 21094)/19,900

                                     =$3.1

Variable cost per unit of sale = $3.1 + $0.35 =  $3.45

a) Incremental Analysis

<em>Change in Net Income:                               $</em>

I<em>ncremental contribution :</em>

( 4.77 - 3.45) ×   5,350 =                           7,062

<em>Increase in Fixed cost</em> :

(45,374 - 39,004)                                     <u>(  6370)</u>

<em>Net income                                               </em><em><u>   692</u></em>

<em><u>b) </u></em>   PINA should accept the order because it will increase its net income by $692

<em />

6 0
3 years ago
If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could:_____
ivolga24 [154]

A 90-day forward-sale purchase contract will help to reduce or eliminate the risk facing the U.S. Firm.

<h3>What is a Forward sale Contract?</h3>

This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.

The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.

The correct answer, thus, is A.

See the link below for more about Forward-sale contract:

brainly.com/question/14862085


6 0
2 years ago
All of the following statements about agriculture in market economic systems are true EXCEPT
MAXImum [283]

Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

3 0
3 years ago
Which of these terms means "limited resource"?
Tpy6a [65]
The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.
3 0
4 years ago
Read 2 more answers
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