All categories

3 years ago

The following data relate to the direct materials cost for the production of 2,200 automobile tires:

Business

1 answer:

vivado [14]3 years ago

5 0

Answer:

A) - $2585

$1750

-$835

B) Purchasing department , Purchasing supervisor , purchasing department

Explanation:

A) calculations for direct material price variance , quantity variance and total direct materials cost variance

Direct material price variance = 51,700 * ( 1.7 - 1.75 ) = -$2585.

Direct material Quantity variance = 1.75 ( 51700 - 50700 ) = $1750

Total direct materials Cost variance = 87890 - 88725 = - $835 a

The direct materials price variance should normally be reported to the Purchasing department.

When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the production supervisor

When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the Purchasing department

You might be interested in

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:

GrogVix [38]

Answer:

Santoyo Corporation

Tracking Time to Fill Orders:

The delivery cycle time was 25 hours.

Explanation:

The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer. As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours. The processing of the order consumes 1.6 hours. Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best. Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse. At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.

8 0

4 years ago

DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $60,000. The offerin

MAVERICK [17]

Answer:

$460,000

Explanation:

Data provided in the question

Number of shares sold = 100,000 shares

Explicit fees = $60,000

Offering price = $40

And, the increased share price = $44

Now the total cost of the equity issue is

= Number of shares sold × offering price per share + underwriter explicit fees

= 100,000 shares × $40 + $60,000

= $400,000 + $60,000

= $460,000

4 0

4 years ago

Geraldo is talking about his new job with his brother. He says he likes this job better than his previous jobs because now he fe

Dafna11 [192]

Answer:

a. Esteem.

Explanation:

Geraldo is talking about his new job with his brother. He says he likes this job better than his previous jobs because now he feels respected. He has always felt a need to feel this way at work, and now he finally does. Geraldo is describing how his job meets his need for esteem. This can be well defined by the Maslow’s Theory which is also known as “Hierarchy of Needs Theory”. Maslow recognized that every human contains the hierarchy of five needs as illustrated below.

1: Physiological or Biological Needs. These needs include hunger, thirst, accommodation, sexual needs, and other physical needs.

2: Safety Needs. These needs consist of safety and security from physical and psychological damage.

3: Social Needs. Need for love, association, attachment, acceptance, relationship and friendship.

4: Esteem Needs. Internal elements like self-respect, acquirement, and independence, and external elements such as rank, identification, attention and acceptance.

5: Self-actualization Needs. The urge to become what a person is capable of becoming, that contains proliferation, attaining our potential, and self-realization.

4 0

3 years ago

Read 2 more answers

The average national utility price is $270. 48. Over a 6-month period, what is the average utility price in Dallas? How does thi

makvit [3.9K]

Answer:

Im pretty sure its b

Explanation:

5 0

2 years ago

Stock A's stock has a beta of 1.30, and its required return is 12.00%. Stock B's beta is 0.80. If the risk-free rate is 4.75%, w

kvv77 [185]

Answer:

c. 9.21%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For stock A

12% = 4.75% + 1.30 × market risk premium

12% - 4.75% = 1.30 × market risk premium

7.25% = 1.30 × market risk premium

So, the market risk premium = 5.58%

For Stock B, required rate of return would be

= 4.75% + 0.80 × 5.58%

= 4.75% + 4.464%

= 9.214%

6 0

4 years ago