Answer:
d.$4,662.40 unfavorable
Explanation:
Calculation for direct materials price variance
The first step is to find the Actual quantity variance using the formula 
Actual quantity variance =Actual units produced* Actual yard used
Let plug in the formula 
Actual quantity variance=9,400*4.96 yards
Actual quantity variance=$46,624
Second step is to calculate for the Direct material price variance using this formula 
Direct material price variance= ( Standard price -Actual price)* Actual quantity used
Let plug in the formula 
Direct material price variance=($1.93-$2.03)*$46,624
Direct material price variance=(-0.1*46,624)
Direct material price variance=-$4,662.40 Unfavorable 
Therefore the Direct material price variance will be $4,662.40 Unfavorable 
 
        
             
        
        
        
The answer is B. First in, first out method
Or commonly known in accounting as the FIFO method, is inventory valuation method where the first goods purchased by company is also the first goods sold.
By doing that, this will make the last goods purchased ( the most recent purchased) by the company became company ending inventory.
        
             
        
        
        
Answer:
                          2014	2013	%CHANGE
SALE           1297000	1001000      29.6%
COGS             797655	600600      32.8%
Gross margin     499345	400400       24.7%
operating expenses  302000	198000        52.5%
Income before tax  197345	202400        -2.5%
taxes                  61400     52600	16.7%
Net income              135945	149800	-9.2%
Explanation:
%change = (2014 - 2013)/2013
2014 and 2013 represent each line item in the income statement
 
        
             
        
        
        
Answer:
Explanation:
The fact that limited amounts of goods and services are available to meet unlimited wants is called scarcity. ... Scarcity always exists. There simply are not enough goods and services to supply all of society's needs and wants.