All categories

2 years ago

Doogan Corporation makes a product with the following standard costs:

Business

1 answer:

AveGali [126]2 years ago

4 0

Answer:

Direct material quantity variance= $2,170 unfavorable

Explanation:

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*5,000 - 10,310)*7

Direct material quantity variance= $2,170 unfavorable

You might be interested in

Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem

Vesna [10]

Answer:

EOQ= 300 units

Annual ordering cost= $3750

Annual holding cost =$3750

Re-order point =100 units

Explanation:

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √ (2× Co× D)/Ch

EOQ = √ (2× 75× 15,000)/25

EOQ = 300 units

Annual holding cost

= EOQ/2 × holding cost per unit

= 300/2 × $25

=$3750

Annual ordering cost

= Annul demand/EOQ × ordering cost per order

=( 15,000/300)× $75

= $3750

Re-order Point

Maximum consumption × maximum lead time

=( 15,000/300)× 2 = 100 units

6 0

3 years ago

7. Which of the following is NOT a function of money * 3 points A Unit of account B Store of value C Protection against inflatio

Nuetrik [128]

Answer:

C Protection against inflation

Explanation:

As we know that there are three functions of money i.e.

1. Unit of account

2. Store of value

3. Medium of exchange

There is only 3 functions of money that are shown above

So the protection against inflation would not be considered for the same

And, these 3 would represent the functions of money and can be treated as the unit of account, store of value and the medium of exchange

Hence, the option c is correct

5 0

3 years ago

The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt

Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>

According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>

According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

Learn more about diminishing marginal utility here:

brainly.com/question/13084220

#SPJ4

7 0

2 years ago

The Oriole Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents

vfiekz [6]

Answer:

Break-even point in units= 402 rooms a month

Explanation:

Giving the following information:

The inn has 50 rooms that it rents at $100 a night. Operating costs are as follows:

Salaries $7,500 per month

Utilities $1,500 per month

Depreciation $1,300 per month

Maintenance $1,760 per month

Maid service $24 per room

Other costs $46 per room

<u>First, we need to calculate the total fixed costs and the unitary variable cost.</u>

Total fixed costs= salaries + utilities + depreciation + maintenance

Total fixed costs= $12,060

Unitary variable cost= 24 + 46= $70

<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= 12,060/ (100 - 70)

Break-even point in units= 402 rooms a month

8 0

3 years ago

When a broker advertises "sales volume" or "production," the figures must refer to:

alisha [4.7K]

The answer is C I think!

4 0

3 years ago