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solniwko [45]
3 years ago
10

The standard amount of materials required to make one unit of Product Q is 4 pounds. Tusa's static budget showed a planned produ

ction of 6,200 units. During the period, the company actually produced 6,300 units of product. The actual amount of materials used averaged 3.9 pounds per unit. The standard price of material is $2 per pound. Based on this information, the materials usage variance was:\
Business
1 answer:
solniwko [45]3 years ago
4 0

Answer: $1,260 Favorable

Explanation:

Material usage variance = (Standard quantity of materials actually produced - Actual quantity of materials actually produced) * Standard price of material

= [ ( 4 * 6,300 ) - (3.9 * 6,300) ] * 2

= [ 25,200 - 24,570 ] * 2

= 630 * 2

= $1,260 Favorable

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4 0
3 years ago
Amy, who has been an accountant for 12 years, worked for Arnold and Post, a mid-size law firm in Huntsville. At the end of each
mel-nik [20]

Answer:

time period

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3 0
3 years ago
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Oxana [17]

Answer:

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In insurance, this covenant is legally binding on all parties to ensure they each reveal every information that is material to the acceptance or rejection of the risk (on the part of the Insurer) whilst on the part of the Insured the insurer is required to be explicit regarding the terms of the policy as well as the calculations by which the premium is arrived at.

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Cheers!

6 0
3 years ago
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bija089 [108]

Answer:

D

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8 0
3 years ago
Read 2 more answers
One cost-cutting measure used by Garr Tool Corp. is sourcing the parts it uses from companies in Germany, Ireland, and Canada th
cestrela7 [59]

Answer:

The answer is: globalization of production

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4 0
3 years ago
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