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Monica [59]
3 years ago
14

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams

Standard price $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual cost of materials purchased $ 44,020 Actual materials used in production 2,400 grams Actual output 300 units What is the materials quantity variance for the month?
Business
1 answer:
Setler79 [48]3 years ago
6 0

Answer:

Direct material quantity variance= $15,351 unfavorable

Explanation:

Giving the following information:

Standard quantity per unit of output 4.6 grams

Standard price $ 15.05 per gram

Actual materials used in production 2,400 grams

Actual output 300 units

To calculate the material quantity variance we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (4.6*300 - 2,400)*15.05

Direct material quantity variance= (1,380 - 2,400)*15.05= $15,351 unfavorable

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Suppose the equilibrium price of textbooks is $40 a textbook. At that price, quantity of textbooks demanded and supplied is 20,0
Allisa [31]

Answer:

elasticity of demand is 2.16. Consumers pay a smaller portion of the tax

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

(2/19)(2/41) = 2.16

When the coefficient of elasticity is greater than 1, demand is elastic.

Elastic demand means that a small change in price leads to a greater change in quantity demanded.

Because demand is elastic, more of the burden of the tax falls on producers and consumers pay a small portion of the tax.

I hope my answer helps you

8 0
3 years ago
What are some ways to build relationships within the core team?
Anon25 [30]

Answer:

some of these ways are included in the answers below

Explanation:

To build relationship within the core team:

1. You have to recognize and acknowledge the individual motives and effort of team members

2. You have to make room for open communication in the team

3. You have to develop a way of sharing values in the team

4. Everyone should be carried along when it comes to meaningful project learning

5. At periods of success, you have to celebrate such.

6. Communicate well and properly especially when it come to periods of conflicts.

5 0
3 years ago
According to the Phillips Curve, the greater the aggregate demand for goods and services, the greater the economies output and t
Irina-Kira [14]

Answer:

Lower

Explanation:

If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.

Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.

When there is a raise in aggregate demand = higher output + higher price level

On the Phillips curve, more GDP simply means less unemployment and higher price level.

8 0
3 years ago
Changes in the CPI overstate the true inflation rate due to four "biases". If apple prices rise rapidly during the month while o
Butoxors [25]

Answer: the substitution bias

                                 

Explanation: The substitution bias shows the tendency of consumers of buying less costly good in place expensive one.

In the given case when the price of apple rises and the price of oranges falls then the consumer will purchase more of the oranges. In such a scenario the index will rise showing that the good which was purchased earlier by the consumers has risen however in the real world the consumer shave sifted their demand to a less expensive product.

Thus, it will lead to overstatement of substitution bias.

7 0
4 years ago
Harrisonburg Company had current and total assets of $470,000 and $1,000,000, respectively. The company’s current and total liab
yaroslaw [1]

Answer:

Working Capital= $203,000

Current ratio= 1.7603

Explanation:

Working capital is the liquid assets that are available to a business for the day-to-day operations. It is calculated by getting the difference between current assets and current liability.

Current asset= $470,000

Current liabilities= $267,000

Working capital = Current Assets - Current Liabilities

Working Capital= 470,000-267,000

Working Capital= $203,000

Current ratio is a liquidity ratio that measures a business's ability to pay it's short term liabilities.

Current ratio= Current Assets/ Current Liabilities

Current ratio= 470,000/ 267,000

Current ratio= 1.7603

4 0
3 years ago
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