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KatRina [158]
2 years ago
11

Shawn Incorporated planned to produce 3,000 units of its single product, Megatron, during November. The standard specifications

for one unit of Megatron include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Megatron. The accountant computed a favorable materials price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that:_________
Business
1 answer:
kow [346]2 years ago
7 0

Answer: The actual cost of materials was less than the standard cost

Explanation:

Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance

= 380 + (-120 unfavorable)

= 380 - 120

= $260 favorable

<em>As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost. </em>

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Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global b
Inga [223]

Answer: d. 30%

Explanation:

Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.

However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.

6 0
3 years ago
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satela [25.4K]
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4 0
2 years ago
Mike's Fish Market is implementing a project that will initially increase accounts payable by $6,100, increase inventory by $2,8
Feliz [49]

Answer:

The net working capital is -$4600.

Explanation:

Use the below formula to calculate net working capital:

Net working capital = Total current assets – Total current liability  

Total current liability = $6100

Total current asset =  increase in inventory –decrease in account reciveable  

Total current asset = $2800 – 1300

= $1500

Now, Net working capital = Total current assets – Total current liability  

Net working capital = $1500 – $6100

= - $4600

Thus, net working capital is -$4600.  

7 0
3 years ago
Bond P is a premium bond with a coupon rate of 9.6 percent. Bond D is a discount bond with a coupon rate of 5.6 percent. Both bo
kirill115 [55]

Answer:

The current yield for Bond P is 21.49%

Explanation:

Current value of bond = Face value/(1+ YTM)^n

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Annual coupon payment of Bond P = par value x coupon rate = $1000 x 9.6% = $96

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= $96/ $446.75 = 21.49%

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Answer:

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