1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The cost principle is the basis for entering the purchase price into the accounting records.a. Trueb. False
faltersainse [42]

Answer:

The correct answer is letter "A": True.

Explanation:

The cost principle or historical cost establishes that an asset must be recorded at its face value at the moment when the asset is acquired. That cost is recognized as the value of the asset unless there is reasonable proof to state the opposite. Under this principle, any organization can register in its books an asset that has not been part of a transaction yet.

6 0
3 years ago
Devin had worked for his company for several years and was considered to be a politically savvy employee. After earning several
alexgriva [62]

Answer:

informal organization.

Explanation:

An informal organization is the social structure of an institution in which it works  differently from the formal type of organization. In this form of organization social relations are built among the members of same organization or institution. This form of organization functions differently from formal type of organization as it involves building relationships, communities, social network, and emotional connection.

<u>In the given scenario, Nina and Devin shares the informal organizational form of human side. They both work in the same organization and have developed a relationship. Nina has made use of the informal organization to push her agenda. If she would have taken formal organizational form then she would have to work hard to push her agenda and follow the organizational pattern</u>.

Thus the correct answer is informal organization.

8 0
3 years ago
In order to isolate a subset of records from an open form or datasheet that will be needed only temporarily, a set of criteria m
fgiga [73]
Filter is the answer!!!
7 0
3 years ago
Marble Construction estimates that its WACC is 10 percent ifequity comes from retained earnings. However, if the company issuesn
dedylja [7]

Answer:

Projects E,F and G should NOT be considered.

Optimal Capital  is $5,750,000

Explanation:

The accept-or-reject rule, using the IRR method, is to acceptthe project if its Internal Rate of Return (IRR) is higher than theWeighted Average Cost of Capital(k) [r>k]. The project shall berejected if its internal rate of return is e lower than theWeighted Average Cost of Capital cost of (r<k)

                                 Accept if        r>k

                                 Reject if         r<k

                                   Mayaccept if r = k

If the Weighted Average Cost of Capitl (WACC) is less than IRRrate, then the project has positive NPV; if it is equal to IRR, theproject has a Zero NPV, and if it is greater than the IRR, theproject has negative NPV.

The projects should be accepted as the rate of return on theproject is higher than the WACC(10.8%) which means that theprojects will be profitable as the returns are higher than the costof the project (capital).  Considering this projects E,F and G should NOT be considered.

And considering the sizes the Optimal Capital  is $5,750,000 (the addition of sizes of all projects)

8 0
3 years ago
If you owned a business what would be the way to protect your personal assets from liablity?
inysia [295]

Answer:

When you form an LLC, you establish a new business entity that's legally separate from its owners. This separation provides what is called limited liability protection. As a general rule, if the LLC can't pay its debts, the LLC's creditors can go after the LLC's bank account and other assets.Sep 4, 2020

7 0
2 years ago
Other questions:
  • The census bureau and the u.s. department of commerce are examples of
    7·1 answer
  • Is the state court in Nebraska obligated to follow the California Supreme Court’s decision? Explain. At least a four-sentence an
    15·1 answer
  • A _____ is a special type of bar chart that shows the progress of all the tasks needed to complete a project
    10·1 answer
  • How has globalization contributed to the need for diversity awareness in our organizations?
    13·1 answer
  • When a company tracks gross profit by department, the sales journal will..? Please help limited time!
    10·1 answer
  • Nolivia is a small and poor nation, but its current president has a genuine desire to create more wealth for Nolivia citizens. T
    8·1 answer
  • Suppose the price of a cup of coffee is $5, and at this price, the quantity supplied is 300 cups of coffee. Now suppose the pric
    8·1 answer
  • How can setting goals help me get some of the things I need or want?
    13·2 answers
  • On January 1, 2016, Piper Co., purchased a machine (its only depreciable asset) for $900,000. The machine has a five-year life,
    6·1 answer
  • Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!