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
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

You might be interested in
Suppose the economy is initially at point A. Now suppose an increase in government purchases shifts the aggregate demand curve t
UkoKoshka [18]

Answer:

C. Firms and workers will negotiate higher nominal wages to restore lost purchasing power. This shifts the SRAS curve to the left until the gap is eliminated at D.

7 0
3 years ago
In the long run, the economic profits for a monopolistically competitive firm will be rev: 05_15_2018 Multiple Choice the same a
Gwar [14]

Answer:

The correct answer is same as the profits of a purely competitive firm.

Explanation:

A monopolistic market is characterized by a large number of sellers producing differentiated products which are close substitutes. This market has a relatively easier entry as compared to a monopoly market.  

In the long-run when a monopolistic firm will be earning a positive profit. It will attract other firms to join the market. As new firms enter the market, the market supply will increase. A rightward shift in the market supply curve will cause the price level to decline. This will continue till all the profits decline to zero.

So, similar to a purely competitive firm, a monopolistic firm also earn zero economic profit in the long run.

8 0
3 years ago
When a firm tries to place its products or services in as many outlets as possible, the density of distribution is referred to a
kompoz [17]
<span>This is intensive distribution. This marketing strategy allows the company to get its product to as many customers as possible. This is in contrast to selective or exclusive distribution methods, in which a company tries to be specific about the markets and persons who are targeted by the product.</span>
5 0
3 years ago
Which event best describes why does difficult to sell a home during a recession?
Drupady [299]
By definition, a recession is a temporary period in a business cycle wherein a decline in the economy is generally observed which causes the Gross Domestic Product or GDP to significantly drop. In addition, that would also yield to increase of unemployment rate decreasing the income of people.
8 0
3 years ago
Consider the following case:The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Pa
horrorfan [7]

Answer:

c. $1,682,726

Explanation:

The computation of the present value is shown below:

Year            Cash flow        Discount factor @4%              Present value  

1                 $400,000        0.961538462                             $384,615.38  

2                 $37,500          0.924556213                             $34,670.86        

3                 $480,000       0.888996359                            $426,718.25  

4                  $450,000       0.854804191                              $384,661.89  

5                  $550,000       0.821927107                              $452,059.91  

Total present value                                                              $1,682,726.29  

The discount factor is computed below:

= 1 ÷ (1 + rate)^years

4 0
3 years ago
Other questions:
  • Describe the Allowance for Doubtful Accounts, account:1. What type of account is it? Contra Asset Account 2. What it’s normal ba
    9·1 answer
  • Sanctions are a type of trade restriction that is ineffective in forcing change in other countries.
    14·1 answer
  • NDP Mp will be equal to:
    6·1 answer
  • Orson takes harrison's car without harrison's permission and without just cause. orson has probably committed the tort of conver
    8·1 answer
  • Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the
    7·1 answer
  • Concord Company uses the FIFO method to compute equivalent units. It has 4000 units in beginning work in process, 20% complete a
    9·1 answer
  • The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investm
    8·1 answer
  • The right to appeal is granted in _________.
    7·2 answers
  • Information related to Harwick Co. is presented below.1. On April 5, purchased merchandise from Botham Company for $38,700, term
    15·1 answer
  • Which test of whether an organization is well designed relates to what extent layers of management are necessary to provide focu
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!