Answer:
$5.5= actual price
Explanation:
Giving the following information:
Managers expected to pay $5 per kilogram.
Each unit produced should take 2 kilograms; actual total usage was 2,100 kilograms.
The company produced 950 units.
The direct materials spending variance is $1,050 (unfavorable).
To calculate the actual price per kilogram, we need to use the direct material spending variance.
Direct material price variance= (standard price - actual price)*actual quantity
-1,050= (5 - actual price)*2,100
-0.5= 5 - actual price
5.5= actual price
Answer:
No option is correct:
- A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
- B. Curly offers Larry 1 hat for 3 ping-pong balls.
- C. Curly offers Larry 1 hat for 4 ping-pong balls.
- D. Larry offers Curly 1 ping-pong ball for 1/3 hat.
In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.
- Option A: Larry wins 1 ping-pong ball.
- Option B: Larry wins 2 ping-pong balls.
- Option C: Larry wins 3 ping-pong balls.
- Option D: Larry wins 0.13 of a hat.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.
In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.
Answer:
C
Explanation:
more foreign currency, and so buys fewer foreign goods.
One of the most important principle in this regard is the appropriate product history which effects the future demand of the product.
<u>Explanation:</u>
Demand forecasting is to make predictions and forecast the demand of the product that has been produced by a particular firm. Since the demand has to be forecasted and predicted, a lot o factors which might be controllable and might be uncontrollable factors have to be taken in mind to forecast the demand.
The things to be kept in mind in this regard are the history of the product where previous sales will affect the prediction of the future demand, the promotions of the product, the trends and so on.
