Answer:
$1300 U
Explanation:
Budgeted cost of plastic per yard = $91
Actual cost of the plastic per yard = $90
Actual units made = 4100
Budgeted units to be made = 3300
Actual plastic used = 4160 yards
Now,
Materials quantity variance
= ( Budgeted material - Actual material ) × Actual cost
= ( 1 × 4100 - 4160 ) × $90
= -$5,400 [Here negative sign means unfavorable ]
Materials price variance = ( Budgeted cost - Actual cost ) × Actual units
= ( $91 - $90 ) × 4100
= $4100
Therefore,
Total material variance = $4,100 - $5,400
= - $1,300
i.e $1300 U
Kate is in her third year at USC and in addition to exams, term papers and course projects she is constantly concerned about her financial situation. Kate is experiencing.
A chronic Stressor.
Hope this helps!
Answer:
The entry to record the payment:
Debit Accounts Payable $10,000
Credit Purchase discount $300
Credit Cash $9,700
Explanation:
Credit terms of 3/10, n/30 means that 3% discount for the payment within 10 days and the full amount to be paid within 30 days.
On January 1, the company purchase inventory:
Debit Inventory $10,000
Credit Accounts Payable $10,000
The company makes the payment on January 10 and takes the appropriate discount:
3% x $10,000 = $300
The entry to record the payment:
Debit Accounts Payable $10,000
Credit Purchase discount $300
Credit Cash $9,700
His checking account will cost $96 each year.
Calculation: First off, we find out how much he spends in a year regardless, so $3 x 12 = $36 each year. Next, we find out how much he is charged based on his withdraws and checks by adding his monthly checks to his monthly ATM withdrawals to get $13. Then we subtract $13 by $8 to get $5 because he has to pay $1 per transaction after 8 free transactions each month. Now that we have his additional monthly spending, we multiply the additional $5 by 12 to get $60 per year. Finally, we add the yearly base fee of $36 to the additional yearly fee of $60 to get: $96 each year.
