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Rina8888 [55]
2 years ago
6

Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods

is 4 pounds. The actual quantity of materials purchased and used in production is 50,800 pounds. The actual purchase price per pound of materials was $2.20. The company produced 13,000 units of finished goods during the period. What is the materials price variance
Business
1 answer:
Ipatiy [6.2K]2 years ago
7 0

Answer:

Direct material price variance =$10,160 unfavorable

Explanation:

<em>Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.</em>

Direct material price variance                                            $

50,800 pounds should have cost (50,800× $2)      =   101,600

but did cost                                      (50,800× $2.20) = <u> 111,760</u>

Direct material price variance                                        <u> 10,160  unfavorable</u>

Direct material price variance =$10,160 unfavorable

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Answer:

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To calculate the Cash flows in $ post-depreciation of SF we would to have to make the following table:

Description           Domestic sale     Export sale     Total

Selling revenue                          -  

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(3000000*10)                               (30,000,000)      (30,000,000)

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Depreciation                                                        (1,000,000)

Profit before tax                                                 38,000,000

Tax  30%                                                                 (11,400,000)

Profit after tax                                                 26,600,000

Add depreciation                                                  1,000,000

Cash profit after tax                                         27,600,000

Exchange rate                                         $                 0.75

Cash flow in USD                                             27,600,000*0.75

Cash flow in USD                                           $      20,700,000

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