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oksian1 [2.3K]
3 years ago
7

Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co

mpany actually used 15100 to produce the 6300 units. Cullumber budgeted $0.75 per switch but had to pay $0.80 per switch. What is Cullumber’s direct materials quantity variance for the period?
a. $1875 favorable
b. $1000 favorable
c. $2000 unfavorable
d. $1875 unfavorable
Business
1 answer:
earnstyle [38]3 years ago
3 0

Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

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Answer:

Small batch and unit production.

Explanation:

Small batch and Unit production -

In this type of production , the primary focus of the organisation , is the satisfaction of the customer and is based on the preference of the customer .

For this type of manufacturing process , skilled labor and planning is very important to customize and prepare any good or service .

sometimes , the complete team focus on the production of the product one at a time , with lot of caution .

Hence , the information given in the question , the type of manufacturing process is best describes as Small batch and unit production .

6 0
3 years ago
Three people were fired at abc corporation. eugene was fired because he was incompetent. rita was fired because she was unethica
Eddi Din [679]
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3 years ago
In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count
antiseptic1488 [7]

Answer:

The correct answer is letter "A": receiving report.

Explanation:

A receiving report is the document in which the goods purchased and received from a supplier are recorded. The document contains the details of the supplier, the type, price, and quantity of the goods being exchanged, and the conditions of the items. It is useful to keep the inventory updated and to eliminate the pending job orders from the records.

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Which of the following transactions are examples of prepayments that will require an adjustment at the end of the accounting per
iren [92.7K]

Answer:

Which of the following transactions are examples of prepayments that will require an adjustment at the end of the accounting period on December 31? (Select all that apply.)

B. A company pays a 6-month insurance premium at the beginning of October.

D. A company pays for 4 months of advertising in the Wall Street Journal on November 1.

Explanation:

B. A company pays a 6-month insurance premium at the beginning of October.

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3 years ago
Company X has 20M shares outstanding at $15 per share. Management has announced a 2 for 1 stock split. What would be the new mar
dlinn [17]

Answer:

$300 million

Explanation:

Data provided in the question

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Value per share = $15

So, by considering the above information, the new market cap of the company X is

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