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
inn [45]
3 years ago
15

Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials

purchased 20,000 pounds Standard price of direct materials $ 3.00 per pound Material price variance $ 2,000 Unfavorable Material quantity variance $ 4,000 Favorable The actual price per pound of direct materials purchased in June was:
Business
1 answer:
tatuchka [14]3 years ago
4 0

Answer: $3.10

Explanation:

The actual price per pound of direct materials purchased in June will be calculated as follows:

Let the actual price be represented by x.

Material price variance is calculated as:

= (standard price-actual price) × actual quantity

-2000 = (3 × 20000) - 20000x

-2000 = 60000 - 20000x

20000x = 60000 + 2000

20000x = 62000

x = 62000/20000

x = 3.1

Therefore, the actual price per pound of direct material bought in June is $3.10

You might be interested in
Stealth bank holds deposits of $200 million. It holds reserves of $15 million. It has purchased government bonds worth $75 milli
tiny-mole [99]

Answer:

$220 million

Explanation:

Stealth bank total value of liabilities will be:

Reserves $15 million

Government bonds purchased $75 million

Market value (loan) $130 million

Value of bank liabilities $220 million

4 0
3 years ago
It's an opportunity to give a good impression or introduction of yourself. It can capture the attention of a potential employer
GalinKa [24]

Answer:

Period

Explanation:

6 0
2 years ago
Duff Inc. paid a 2.34 dollar dividend today. If the dividend is expected to grow at a constant 1 percent rate and the required r
Akimi4 [234]

Answer:

$24.60

Explanation:

The computation of the price for 4 years from now is shown below:

Price = Dividend ÷(Required rate of return - growth rate)

where,

Dividend is

= Dividend × (1 + growth rate)^number of years

= $2.34 × (1 + 0.01)^5

= $2.46

All the other items would remain the same

So, the price is

= $2.46 ÷ (11% - 1%)

= $24.60

8 0
3 years ago
A sponsor proposes research to evaluate reengineering a commercially available pacemaker. It is hoped that the new pacemaker wil
Darya [45]

Answer:True

Explanation:

A significant risk device presents a potential for serious risk to the health, safety, or welfare of a subject.

It is classified as Significant risk device since it hopes that the new pacemaker will pose fewer risks to individuals when compared to the current commercially available product.

4 0
2 years ago
Intellectual property laws deal with
miss Akunina [59]

Answer:

Intangible assets

Explanation:

a pex

8 0
3 years ago
Other questions:
  • A spurious relationship occurs between two variables when:
    8·1 answer
  • The insurance claims organization that offers certification as a certified medical billing specialist is the
    7·1 answer
  • When looking to increase the presence of a website, putting together your search engine optimisation plan will help you plan you
    5·1 answer
  • Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial in
    10·1 answer
  • The Whole Community approach refers to different organizations within the Federal Government.
    15·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,219 Accounts r
    5·1 answer
  • The advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goo
    14·1 answer
  • This term refers to the percentage of the civilian workforce who are available for a job but do not have one.
    12·1 answer
  • After researching products similar to yours in the industry, you decide that your product has superior value. As such, you decid
    5·1 answer
  • 1 of 5) What does it mean to "Diversify" your portfolio?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!