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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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Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In t
irina [24]

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

<h3>What is product maximization?</h3>

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case,  the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

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7 0
2 years ago
Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150.
blondinia [14]

Answer:

interest rate =  15%

value of the bond will decrease

Explanation:

given data

face value = $5,000

time = 5 year

annual coupon payment = $150

solution

we get here interest rate on the borrowed funds that will be as

interest rate = \frac{annual\ coupon}{face\ value/time}  × 100

put here value we get

interest rate =  \frac{150}{\frac{5000}{5} }  × 100

interest rate =  15%

and

when bond issued at interest rate =  3 %

but market interest rate 4%

so seller will reduce price of bond less than the face value

because we will look for atleast 4% payout when bond matures

so value of the bond will decrease

6 0
4 years ago
When you deposit​ $50 in currency at Old National​ Bank, A. its liabilities decrease by​ $50. B. its reserves increase by less t
Eddi Din [679]

Answer:

B

Explanation:

Its reserve increase by less than 50 because of reserve requirement

5 0
3 years ago
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equ
Phoenix [80]

The  market's labor demand is L=500−2.5W

Since labor demand as a function of the daily wage is L 50-0.25W.

Hence,

The individual labor demand curve is: L=50−0.25W

Now let determine The market labor demand curve

The market's labor demand is :

L=10(50−0.25W)

L=500−2.5W

Inconclusion The market's labor demand is L=500−2.5W

Learn more about market's labor demand here:

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4 0
3 years ago
Fuchsia provided services to​ 1,600 clients in the month of March and generated​ $23,500 as revenue. How much is the cost per​ s
pshichka [43]

Answer:

$10.72

Explanation:

Calculation for How much is the cost per​ service

First step is to calculate the Total costs

Building Rent Expense $5,200

DepreciationExpense—Equipment 1,600

Supplies Expense 8,000

Utilities Expense 2,350

Total costs $17,150

Now let calculate the Cost per service using this formula

Cost per service = Total costs / Services

Let plug in the formula

Cost per service = $17,150 / 1,600

Cost per service = $10.72

Therefore the cost per​ service is $10.72

3 0
3 years ago
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