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zimovet [89]
3 years ago
6

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of materi

al, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance
Business
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,
34kurt

Answer:

$252,000

Explanation:

Calculation for the cost of goods sold for the Askew Company for the year ending June 30, 2021.

First step is to calculate the Net Purchase

Purchases 259,000

Less Purchase discounts (7,900)

Less Purchase returns (11,900)

Add Freight-in 20,800

Net purchase 260,000

Now let calculate the cost of goods sold

Inventory, 7/1/2020 33,900

Add 260,000

Less inventory balance ($41,900)

Cost of goods sold $252,000

Therefore the cost of goods sold for the Askew Company for the year ending June 30, 2021 will be $252,000

5 0
3 years ago
Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st
otez555 [7]

Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

B = \frac{\$100}{4.5}=\$22.2222

The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:

E=\frac{\$100}{10.5}\\E=\$9.5238

The book value per share and earnings per share are $22.2222, $9.5238, respectively

5 0
3 years ago
a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages ​
padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em>\frac{2}{3}<em> × the sister's age two years ago</em>

⇒ x - 2 = \frac{2}{3}(x+1)

⇒ x - 2 = \frac{2}{3}x + \frac{2}{3}

⇒ x - \frac{2}{3}x =  \frac{2}{3} + 2

⇒ \frac{1}{3} x = \frac{8}{3}

⇒ x = \frac{8}{3}. 3 = 8

=> x + 3 = 8 + 3 = 11

So the present age of the boy is 8 years old, of the sister is 11 years old

5 0
3 years ago
The law of diminishing returns indicates that:a. because of economies and diseconomies of scale a competitive firm's long-run av
Olegator [25]

Answer:

The correct answer is option c.

Explanation:

The law of diminishing returns states that as we go on employing additional inputs the return or payoff from each unit of input will become smaller or go on declining. This means that after a certain point the total output will start increasing on a decreasing rate as we go on hiring more inputs.

In other words, the marginal product of inputs will go on declining with each additional unit of input employed. As a result after reaching a certain point, the marginal product starts to decline.

7 0
3 years ago
A company with a labor agreement under which union membership cannot be required as a condition of employment is considered a
frez [133]
A company with a labor agreement under which union membership cannot be required as a condition of employment is considered an open shop.
This means that the employees do not have to join a trade union in order to work there at this particular company. So regardless of the fact whether these workers are members of the union or not, they will be employed and paid equally.
7 0
3 years ago
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