Answer:
The materials price variance for the month is $5,265 favorable
Explanation:
The material price variance is computed by taking a difference between the actual price - standard price and multiply with actual quantity.
In the given question, the actual price is not given. So, we need to calculate the actual price by using the formula which is shown below:
= Actual cost of material purchased ÷ Actual materials purchased
= 151,065 ÷ 8,100 meters
=$18.65 per meters
Now, we can easily calculate. The equation is shown below:
= (Actual Price - Standard Price) × Actual Quantity
= ($18.65 - $18.00) × 8,100
= $5,265 favorable.
Thus, the materials price variance for the month is $5,265 favorable.
Answer:
$4,235,500
Explanation:
An intangible asset can be described as an asset that can not be seen physically. That is, it an asset without physical substance. Examples of tangible assets are brand recognition and goodwill, as well as intellectual properties like trademarks, copyrights, and patents.
Based on the definition above, the total intangible assets from the question can be computed as follows:
Total intangible assets = Trademarks + Goodwill = $1,305,500 + 2,930,000 = $4,235,500
Answer:
Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.
Explanation:
Natural resources are a source of wealth for the country. Mineral such oil and precious stones have made nations wealthy.
Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security. Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.
Answer:
1. decrease by $62,200 per month
Explanation:
Fixed Cost savings (FC) from discontinuing product A = $102,000 - $73,000 = $29,000
Variable Cost of 15,200 of product A:
Revenue from selling 15,200 units of product A:
The change in net income is:
The company's overall net operating income would decrease by $62,200 per month
Answer:
Details Dec. 31, 2021 Dec. 31, 2022
1. Projected benefit obligation $250 $645
2. Plan assets $260 $556
3. Pension expense $250 $369
4. Net pension asset or net pension liability $10* $89**
Where:
* implies asset
*** implies liability
Note: The figure above are in thousands buy entered as required in the question (Enter your answers in thousands (i.e., 200,000 should be entered as 200).)
Explanation:
Note: See the attached excel file for the calculations Projected benefit obligation, Plan assets, Pension expense, and Net pension asset or net pension liability for December 31, 2021 and December 31, 2022 respectively.
