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valina [46]
3 years ago
13

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

<u><em>Direct material price variance</em></u> = 51,700 * ( 1.7 - 1.75 ) = -$2585.

<u><em>Direct material Quantity variance </em></u>= 1.75 ( 51700 - 50700 ) = $1750  

<u><em>Total direct materials Cost variance</em></u> = 87890 - 88725 = - $835  a

B)

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

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Answer:

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Explanation:

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8 0
3 years ago
A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
Zigmanuir [339]
Let
z----------------- > Price Elasticity
x----------------- > % Change in Quantity
y----------------- > % Change in Price

we Know that

Price Elasticity = (% Change in Quantity) / (% Change in Price)----> z=x/y

z=-2
y=-10%
x= <span>?
</span>z=x/y---------------- > x=z*y=(-2)*(-10)=20 %
% Change in Quantity=20%
Part A) how many pizzas will he sell if he cuts his price by 10%?
He will sell (500 +20 %)----------> 500*1.2=600 pizzas per week

the answer part A is 600 pizzas per week

Part B) <span>how will his revenue be affected?
<span>initial revenue per week
</span>500 pizzas*</span><span>$20 =$10000

final revenue per week
(500 pizzas+20%) *(</span>$20-10%)=600 pizzas*$18=$10800
$10800-$10000=$800
<span>
the answer part B is
His revenue </span><span>will increase  $800 per week</span>

4 0
3 years ago
​an automobile manufacturing company has developed an electric car that uses sunlight to charge itself during movement. this new
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3 years ago
Locking a cell so that others cannot alter its contents is known as _____.
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8 0
3 years ago
In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the
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Solution:

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Determination of implied fair value of goodwill:

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Measurement of impairment loss:

Book value of goodwill                           $62 million

Implied fair value of goodwill                  20 million

Impairment loss                                       $42 million

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