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uysha [10]
3 years ago
10

Thomas Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows: Stan

dard unit price $1.75 Actual purchase price per unit $1.65 Actual quantity purchased 4,000 units Actual quantity used 3,900 units Standard quantity allowed for actual production 3,800 units What is the materials purchase price variance
Business
1 answer:
Arlecino [84]3 years ago
6 0

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

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Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

United HealthCare's(UHC) event cancellation reporting rules include:

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Hence, if Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

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5 0
2 years ago
Provincial Inc. reported the following before-tax income statement items:Operating income $ 600,000Loss on discontinued operatio
-Dominant- [34]

Answer:

Option (A) $180,000

Explanation:

The amount of income tax expense has to be reported by the provincial is shown as  

$600,000 × 30% = $180,000

Income tax benefits of ($100,000 × 30% = $30,000) should be disclosed separately in the discontinued operations section of income statement.

Therefore, the correct answer is option (A) $ 180,000.  

8 0
4 years ago
Decruitment is the planned elimination of ________ in an organization. A) jobs
galben [10]

Answer:

C) cross-functional teams

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, downsizing, decruiting, managing and improving the welfare and working conditions of the employees working in an organization.

A cross-functional team can be defined as a group that comprises of employees from different functional areas within an organization.

Decruitment is the planned elimination of cross-functional teams in an organization.

This ultimately implies that, decruitment is a method adopted by human resource managers to reduce the number of various employees (workforce) working in an organization.

Similarly, downsizing refers to the planned elimination of jobs (job positions) existing in an organization.

3 0
3 years ago
The state of Florida is known to produce oranges more than majority of the other states, so Florida has a(n) __________ in orang
Simora [160]

Answer:70% production

Provide your answers to pick from please.

Explanation:

4 0
3 years ago
Starbucks elected to pay higher prices to coffee growers who meet a list of quality standards that impact social, environmental,
suter [353]

Answer:

c. Financial performance

Explanation:

Financial performance -

It is the type of measurement method , where the better he firm can get revenue from the primary mode of business gets a better performance , is referred to as financial performance.

Financial performance of a company also give information about the financial health of the company.

Hence, from the given scenario of the question,

The correct term is c. Financial performance .

3 0
4 years ago
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