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Answer:
Material price variance = $400
Explanation:
<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.</em>
<em />
<em>It is is computed as follows:</em>
The material price variance
$
4000 units should have cost (4,000× 1.75) = 7,000
but did cost - actual cost (4,000× $1.65) = <u>6,600
</u>
Material price variance <u> 400 </u>favorable
Material price variance = $400
Answer:
$40,133.63
Explanation:
we can use the future value formula:
future value = present value x (1 + interest rate)ⁿ
- present value = $15,555
- interest rate = 14.5%
- n = 7 years
future value = $15,555 x (1 + 14.5%)⁷ = $15,555 x 1.145⁷ = $15,555 x 2.580111097 = $40,133.63
Answer: i honestly dont know but what ever you feel is best for u do it.
Explanation: