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
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

You might be interested in
Dr. Osorno was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes cl
ra1l [238]

Answer:

Correct option is A.

<u>The lawyer should make a motion for summary judgement</u>

Explanation:

A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.

6 0
3 years ago
MC Qu. 17 Tower Company planned to produce 3,000 units... Tower Company planned to produce 3,000 units of its single product, Ti
zmey [24]

Answer:

From the list of options, Option A is the only correct one:

"the actual usage of materials was less than the standard allowed".

Explanation:

<em>Material usage variance</em>

A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite.

<em>Material price variance</em>

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.

From the list of options, Option A is the only correct one

3 0
3 years ago
You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You
lukranit [14]

Answer:

d

Explanation:

by looking at the prices ,answer d is my estimated answer,im not a finance intern

4 0
3 years ago
Question(2 points) Consider the following balance sheet for the Wahoo Bank. Use it to answer the two questions that follow. Use
lidiya [134]

Answer:

C. Required reserves decrease by $20.

D. Outstanding liabilities decrease by $200.

A. Required reserves increase by $65.00.

D. Outstanding liabilities increase by $650.

Explanation:

<u>PART I:</u><u> The withdrawal from the checking accounts:</u>

makes the required reserves to decrease as there is less cash deposists.

Also, the bank no longer has the obligation to give this 200 dollars to Shantee thus, otstanding liabilities decrease by 200 as well:

checking deposits 200 debit

               cash                            200 credit

<u>PART II:</u><u> Deposit in a checking account</u>

This is the opposite. The bank reserve must increase by 10% of the deposit

650 x 10% = 65

And the outstanding liaiblities increase by the full amount as later the bank will give back 650 dollars to Dalon in the future.

3 0
3 years ago
On January 1, Sway Corporation had 60,000 shares of $10 par value common stock outstanding. On March 17, the company declared a
pychu [463]

Answer:

See below

Explanation:

With regards to the above, the entry to record of March 30 would be;

Debit stock dividends $140,400

Credit common stock dividends distributable $108,000

Credit paid in capital in excess of par $32,400

Calculations;

= 60,000 shares of $10 par value

= $600,000 × Stock dividend

= $600,000 × 18%

= $108,000

Stock dividend = 60,000 shares of $13 market value

= $780,000 × Stock dividend

= $780,000 × 18%

= $140,400

Additional paid in capital = $140,400 - $108,000 = $32,400

5 0
3 years ago
Other questions:
  • Which activity is involved in creating a traditional navajo weaving?
    13·1 answer
  • Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa
    7·1 answer
  • A system in which companies purchase raw materials only when needed is called
    15·1 answer
  • An investment of cash by stockholders into the business will
    9·1 answer
  • In the Uniform Commercial Code, negotiable instruments are all of the following EXCEPT
    15·1 answer
  • The marketing manager for an automobile manufacturer is interested in determining the proportion of new compact-car owners who w
    13·1 answer
  • g A manufacturing company that produces a single product has provided the following data concerning its most recent month of ope
    10·1 answer
  • To succeed in today's competitive marketplace, companies need to be customer centered. Each company must divide up the total mar
    12·1 answer
  • CBA Company reported total stockholders' equity of $76,000 on its balance sheet dated December 31, 2018. During the year ended D
    11·1 answer
  • To better evaluate the denials of Medicare claims at ABC Hospital, Shelly (the Coding Manager) and
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!