Answer:
Results are below.
Explanation:
<u>To calculate the direct material rate and quantity variance, we need to use the following formulas:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (0.55 - 0.54)*4,000
Direct material price variance= $40 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (0.75*4,800 - 3,588)*0.55
Direct material quantity variance= $6.6 favorable
<u>Finally, the total variance:</u>
Total direct material variance= 40 + 6.6= $46.6 favorable
Answer:
Tax rate
Explanation:
The tax and price index is a parameter that measures the effect of tax rates on consumer prices.
Firstly, taxes inflates the cost of items through Value added tax. The cost of the item becomes more expenses and the prices increase by the rate of VAT
Secondly, income taxes reduces the purchasing power of consumers and hence commodities are indirectly more expensive because at a lower disposable income consumers can only buy lesser units of a particular product.
Lastly, the corporate income taxes are factored into the prices of goods and services produced and offered by corporate organisations and that impacts the final prices at which those goods are sold on to the final consumers.
<span>The population size at the end of 5 days will be approximately 37.207 members. This is calculated by multiplying the growth rate by the population size and adding this to the previous result.</span>
