Will give brainliest

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t

statuscvo [17]

Answer:

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

Explanation:

Volume variance

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

std quantity 2800.00 (1,400 units times 2 pounds per unit)

actual quantity 3000.00

std cost ??

$(2,800-3,000) \times standard \: cost = -1,000$

difference -200.00

efficiency variance $(1,000.00)

-200 x Std cost = -1,000

Standard cost = -1,000/-200 = 5

The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

3 0

3 years ago

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri

Gemiola [76]

Answer:

1. Owner authority and control - one vote per share, readily transferred

2 Ease of formation - requires government approval

3. Transferability of ownership - readily transferred

4. Ability to raise large amounts of capital - high ability

5. Duration of life - Unlimited

6. Owner liability - limited

7. Legal status - separate legal entity

8. Tax status of income - corporate income is taxed

Explanation:

A corporation is a business type :

1. Ownership of a corporation can be acquired by acquiring shares of the corporation.

2. A corporation requires government approval and a lot of legal requirements before it can be formed.

3. A corporation can raise capital through issuing shares, bonds and borrowing from financial institutions .

4. The liability of shareholders who are the owners are limited to the amount invested.

5. Corporate income is taxed and profit distributed to shareholders are also taxed.

6. A corporation is a separate legal entity.

7. The life of a corporation can be unlimited.

8. One share is equal to one voting right.

I hope my answer helps you

4 0

3 years ago

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Lera25 [3.4K]

<u>Solution and Explanation:</u>

The following journal entries will be passed in the book sof fasteners Inc., Co., which is a supplier of buttons and zippers for clothing

Date Accounts Titles and Explanation Post Ref Debit Credit

1 Nov-21 Notes receivable $ 72,000

Accounts receivable-McKenna Outer Wear Co. $ 72,000

2 Dec-31 Interest receivable $(72000 * 9 \% * 40 / 360)$ $720

Interest revenue $ 320

3 Jan-20 Cash $ 73080

Interest revenue $(72000 * 9 \% * 20 / 360)$ $360

Interest receivable $720

Notes receivable $72,000

Note: the figures have been calculated and rounded off in the nearest dollar amount.

4 0

3 years ago

As a consequence of the problem of scarcity:

lara31 [8.8K]

Answer:

The correct answer is letter "B": Individuals have to make choices from among alternatives.

Explanation:

Scarcity is the basic economic problem by which individuals have unlimited needs but count on limited resources to satisfy them. As a result, people must make trade-offs by which they sacrifice part of the satisfaction of one need to cover part of another need.

Scarcity pushes individuals to optimize the allocation of their resources to maximize the utility of the goods or services people use to satisfy their needs.

7 0

4 years ago

Suppose that widgets are produced by a monopolistically competitive industry. If each firm in this market has the same cost stru

natulia [17]

Answer:

The equilibrium number of firms is 20.

Explanation:

Q = SH × b

= 2,400 × (1/20)

= 2,400 × 0.05

= 120

Also given, Q = S / n

120 = 2,400 / n

n = 20

3 0

3 years ago