1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STALIN [3.7K]
4 years ago
14

A company developed the following per unit standards for its products: 2.30 pounds of direct materials at $5.7 per pound. Last m

onth, 2500 lbs of direct materials were purchased for $5900. The direct materials price variance for last month was
Business
1 answer:
katen-ka-za [31]4 years ago
7 0

Answer: $5,010 Favorable

Explanation:

Direct materials price variance is calculated by the formula:

= (Standard Price - Actual Price) * Quantity Purchased

Actual price = Amount pounds were purchased for / Pounds purchased

= 5,900 / 2,500

= $2.36

Direct materials price variance = (5.7 - 2.36) * 2,500

= $5,010 Favorable

You might be interested in
The average person changes career how many times in a lifetime?
IgorLugansk [536]

Answer:

<h2>Statistics Suggest You Will Change Careers More Frequently</h2><h3>The average person will change careers 5-7 times during their working life according to career change statistics. With an ever increasing number of career choices, 30% of the workforce will now change careers or jobs every 12 months.</h3>
7 0
3 years ago
Read 2 more answers
After the price of music downloads falls, Phil buys fewer CDs and buys a new MP3 player. For Phil, ___________.a. music download
melamori03 [73]

Answer:

The correct answer is letter "C": music downloads and CDs are substitutes, and music downloads and MP3 players are complements.

Explanation:

Substitute goods or services are competitors. The use of one of them represents the replacement of the other. On the other hand, complementary goods are those that work better together. Typically, the demand in one of them is directly proportional to the demand of the other. It means, if more of product "A" is bought, more of product "B" will be purchased and vice versa.

Thus, <em>for Phil CDs and music downloads are substitutes while music downloads and MP3 players are complements.</em>

3 0
3 years ago
The idea of supply and demand is based on what
Tems11 [23]

Answer: based on production

Explanation:

8 0
4 years ago
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, a
Nikolay [14]

Complete question:

Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?

a. 150,000

b. 250,000

c. 0

d. 120,000

e. 170,000

Answer:

150,000 of goodwill should be attributed to the non-controlling interest at the date of acquisition

Solution:

A non-controlling interest (NCI) is a role in which a owner holds less than 50% of remaining and has little control over decisions. A minority ownership is often known as the minority interest. Non-controlling interests are calculated by their net worth and are not eligible for future right to vote.

Now , Calculate the amount

Cost(PP) - 1,600/0.8 = 2,000

FV - 1,850

GW = 1,850 - 2,000

     = 150,000

8 0
3 years ago
Josh, an electronics retailer, noticed that the e-commerce business was booming. He started an online shopping website to take a
likoan [24]

Answer:

Entrepreneurial alertness.

5 0
3 years ago
Other questions:
  • Is what we call the stock of goods that a business or store has on hand?
    12·1 answer
  • The slope of the investment demand function indicates how sensitive investment is to changes in real interest rates. The 'steepe
    5·1 answer
  • The following income statement is provided for Vargas, Inc. Sales revenue (2,600 units × $20.10 per unit) $ 52,260 Cost of goods
    13·1 answer
  • Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $36,500 of merchan
    7·1 answer
  • A decision that involves potential further processing of joint products is which kind of decision? relevant make-or-buy sell-or-
    6·1 answer
  • How companies can link their compensation and evaluations to organizational objectives?
    5·1 answer
  • On January 1, 2013, Jones Inc. issued a $100,000 face value bond for proceeds of $97,654. On June 30, 2013, Jones sent checks to
    6·1 answer
  • Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U.S. currency 1,000 florin
    6·1 answer
  • A company issues 7%, 7-year bonds with a par value of $170,000 on January 1 at a price of $179,602, when the market rate of inte
    10·1 answer
  • According to the reading, one benefit of having smaller groups is ____________________.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!