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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month,

olga nikolaevna [1]

Answer:

Direct Material Price Variance = $300 Favorable

Explanation:

Direct Material Price Variance = (Standard Price - Actual Price) $\times$ Actual Quantity

Standard Price = $4 per pound

Actual Price = $\frac{Actual\ Cost}{Actual\ Units}$ = $\frac{5,700}{1,500} = 3.8$

Since the actual price is less than the standard price the variance will be favorable as the amount paid for actual use is less then the estimated standard cost.

Thus, direct material price variance = ($4 - $3.8) $\times$ 1,500

= $300 Favorable

7 0

3 years ago

Tell me about a time you were able to understand someone else's viewpoint that differed from your own. Describe the situation, y

RoseWind [281]

Answer:

<h3>"I have felt dissatisfied on the job when I feel underpaid and overworked. I don't mind working hard at all, but I don't like to feel as though I'm being taken advantage of." "When I see success few and far between, it is very unmotivating for me. I am a hunter and a true salesperson</h3>

7 0

3 years ago

Sales revenue

Ne4ueva [31]

Answer:

may be recorded before cash is collected.

Explanation:

Sales revenue "may be recorded before cash is collected."

This is according to Accrual accounting, which unlike the cash model that requires payments to be made before sales revenue is recorded.

In the Accrual accounting model, sales revenue recording is not based on cash collection before it is recorded. Here, the revenue is recorded in as much the transferred goods are made and collection of payment is determined or expected.

4 0

3 years ago

People-based services are ___________ in today’s world. increasing staying about the same varying from day to day decreasing

ddd [48]

Answer:

People-based services are Increasing in today’s world.

Explanation:

Services in which individuals, instead of hardware or apparatus, assume the significant job in conveyance; for instance, individuals assume the significant job in the conveyance of monetary arranging administrations. 

People based services are increasing in today's world as there is need to handle and control the software's and machines that are used to carry out functions.

7 0

4 years ago

Zen Co. sells a copier machine for $2,000. The copier cost Zen $6,000 and at the time of sale, accumulated depreciation was $2,5

Alenkinab [10]

Answer:

The correct option is: Debit to Loss on Disposal of Machinery for $1,500.

Explanation:

As at the time of sale, the net book value (cost - accumulated depreciation) of the copier machine was $3,500 ($6,000 - $2,500). Then, the proceed from sale is $2,000. The full accounting entries to record the transaction will be:

Debit Accumulated depreciation $2,500

Debit Cash (sales proceed) $2,000

Debit Loss on disposal of machinery $1,500

Credit Fixed asset (cost - copier machine) $6,000

(To record disposal of copier machine)

8 0

3 years ago