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Nataly [62]
3 years ago
13

The following data are given for Stringer Company: Budgeted production 967 units Actual production 1,021 units Materials: Standa

rd price per ounce $1.98 Standard ounces per completed unit 11 Actual ounces purchased and used in production 11,568 Actual price paid for materials $23,714 Labor: Standard hourly labor rate $14.92 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,258.15 Actual total labor costs $80,187 Overhead: Actual and budgeted fixed overhead $1,035,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $147,228 Overhead is applied on standard labor hours. The direct materials quantity variance is a.809.36 favorable b.809.36 unfavorable c.667.26 unfavorable d.667.26 favorable
Business
1 answer:
asambeis [7]3 years ago
4 0

Answer:

d. 667.26 Favorable

Explanation:

Direct materials quantity variance = (Standard quantity allowed - Actual Quantity Used) * Standard Price of a unit of direct material

Direct materials quantity variance = (11*1,021 - 11,568) * $1.98

Direct materials quantity variance = (11,231 - 11,568) * $1.98

Direct materials quantity variance = 337 * $1.98

Direct materials quantity variance = $667.26 Favorable

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a secured party who has control will prevail over a secured party who has only filed for these types of collateral:
marshall27 [118]

Deposit accounts, Investment Property, and Letter-of-credit Rights. Thus option (A) is correct

<h3>What is the investment?</h3>

Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.

Whether or not there is a current obligation to be secured, a person who has the benefit of the security interest generated by or provided for under a security arrangement is known as a secured party under UCC law. when the secured party is in possession, a duty of care.] A secured party must take reasonable care to keep the collateral it has in its possession safe unless subsection (d) provides otherwise.

Therefore, Thus option(A) is correct

Learn more about investments here:

brainly.com/question/15353704

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5 0
1 year ago
Block Island TV currently sells large televisions for $ 380. It has costs of $ 310. A competitor is bringing a new large televis
Fofino [41]

Answer:

$281.67

Explanation:

Data provided in the question:

Current selling price of large TV = $380

Cost of Large TV = $310

Selling price of new TV = $340

Increase in sales = 20% = 0.20

Current sales = $150,000

Now,

Expected sales after reducing the price = Current sales + Increase in sales

= 150,000 + ( 0.20 × 150,000 )

= 150,000 + 30,000

= 180,000

Target Operating income = ( $380 - $310 ) × current sales

= $70 × 150,000

= $10,500,000

New operating cost per unit

= Target Operating income ÷ Expected sales after reducing the price

= $10,500,000 ÷  180,000

or

New operating cost per unit = $58.33

Target Cost

= Price after reduction - New operating cost per unit

= $340 - $58.33

= $281.67

3 0
3 years ago
Tulloch Manufacturing has a target debt–equity ratio of .64. Its cost of equity is 14.6 percent, and its pretax cost of debt is
malfutka [58]

Answer:

The company’s WACC is 11.38%

Explanation:

After tax cost of debt = 9.6*(1 - 0.34)

                                    = 6.336%

Debt-equity ratio = Debt/Equity

debt = 0.64*Equity

Let equity be $x

debt = $0.64x

Total = $1.64x

WACC = Respective costs*Respective weights

           = (6.336*0.64x/1.64x) + (14.6/1.64x)

           = 11.38%

Therefore, The company’s WACC is 11.38%

3 0
3 years ago
The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000 from the Casting Department.
Valentin [98]

Answer:

Part a

Debit  : Work in Process - Rolling Department $510,000

Credit : Work in Process - Casting Department $510,000

Part b

Debit  : Work in Process - Overheads $54,700

Debit  : Work in Process - Direct labor $26,500

Credit : Accounts Payable $81,200

Part c

Debit  : Finished Goods Inventory $553,200

Credit : Work in Process - Rolling Department $553,200

Part d

Debit  : Finished Goods Inventory $553,200

Credit : Work in Process - Rolling Department $553,200

Part e

$18200 credit

Explanation:

Ending Balance = Opening Balance + Additions - Transfers out

therefore,

Rolling Department balance = $25,000 + $510,000 - $553,200

                                               = ($18200)

Also see journal prepared above.

8 0
2 years ago
Select the correct answer.
likoan [24]
False

It’s it’s too good to be true then theirs a catch which makes the deal worse
5 0
2 years ago
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