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Sergio039 [100]
3 years ago
10

Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit

of Teragram include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Teragram. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that: Group of answer choices
Business
1 answer:
Cerrena [4.2K]3 years ago
4 0

Answer:

C. the actual cost of materials was less than the standard cost.

Explanation:

As it can be seen from the given information that

The Favorable material purchase price is $380

And, non-favorable material quantity variance is $120

So, the total favorable price variance is

= $380 - $120

= $260

This represents that the actual material cost would be lower than the standard cost

hence, the option C is correct

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Draw a curve that shows the relationship between the tax rate and the amount of tax revenue collected. The relationship between
maw [93]

Answer:

Laffer curve.

Explanation:

Laffer Curve is developed by

Arthur Laffer. It is used to show the relationship between tax rates and the amount of tax revenue collected by governments of a particular country. Laffer curve is used to demonstrate Laffer’s argument that sometimes cutting tax rates can increase total tax revenue.

Laffer curve shows the relationship that occurs between the tax rate and the amount of tax revenue collected

The relationship between the tax rate and the amount of tax revenue collected is called the​ LAFFER CURVE curve. This curve shows that​ TAX CUT CAN INCREASE TAX REVENUE.

The drawing of a laffer curve has been attached

8 0
3 years ago
Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this lis
scoray [572]

Answer:

We'll start by putting into consideration, the large sample variance at the numerator.

Barron's Variance will be represented using 1 as the subscript.

i.e.

1 = $583 million

2 = $489 million

So,

0: 1²= 2²

: 1² ≠ 2²

=1² / 2²=

= $583 million² / $489 million²

= 583²/489²

= 1.42

Degrees of freedom 15 and 9

Using F table, area in tail is greater than 0.10.

Two-tail p-value is greater than .20

Exact p-value corresponding to F= 1.42 is .5874 (See F table)

p-value > .10

So,we do not reject 0.

We cannot conclude there is a statistically significant difference between the variances for the two companies.

4 0
4 years ago
You are asked to send out an important letter to your business associates in Japan, and it must be sent within the next 90 minut
alexandr1967 [171]

Answer:

The answer is "15 minutes"

Explanation:

I will approximately spend 15 minutes on prewriting once i have gathered the information needed.

4 0
3 years ago
identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario ​
zavuch27 [327]

Answer:

heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.

8 0
3 years ago
Payment for subscriptions is billed one month in advance. First month's payments are pro-rated for the amount due up until the 1
statuscvo [17]

Answer: c. The subscription began about 10 days before the 15th of the month.

Explanation:

With the first month's payments being pro-rated for the amount due up until the 15th of the month plus the next month's bill amount payments, the likely possibility is that the customer started their first subscription 10 days before the 15th of the first month.

This would then mean that they were charged the daily rate for each of those 10 days which amounted to $15. The daily rate can be calculated by dividing $45 by 30 days because $45 is the rate for the month according to the question.

= 45/30

= $1.5 a day.  

5 0
4 years ago
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