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tatuchka [14]
3 years ago
12

During August, 10,000 units were produced. The standard quantity of material allowed per unit was 10 pounds at a standard cost o

f $3 per pound. If there was a favorable materials efficiency variance of $18,750 for August, the actual quantity of materials used must be:_______
a. 106,250 pounds.
b. 93,750 pounds.
c. 31,875 pounds.
d. 23,438 pounds
Business
1 answer:
Snowcat [4.5K]3 years ago
7 0

Answer:

actual quantity= 93,750 pounds

Explanation:

<u>To calculate the actual quantity of direct materials, we need to use the following formula:</u>

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

18,750= (10,000*10 - actual quantity)*3

18,750= 100,000*3 - 3actual quantity

3actual quantity= 281,250

actual quantity= 281,250/3

actual quantity= 93,750 pounds

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Harlamova29_29 [7]

Answer:

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Explanation:

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Year            Dividend                        Growth rate

1                    $1.25                            

2                   $1.33                       ($1.33/ $1.25 - 1) 6.4%

3                   $1.4                          ($1.4/$1.33 - 1) 5.26%

4                   $1.51                         ($1.51/$1.4 -1)  7.86%  

       

The arithmetic average growth rate is the average of all the growth rates.

Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%

The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate

The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%

b) The geometric growth rate is given as:

geometric average growth rate =

(\frac{D_n}{D_o} )^{\frac{1}{n} }-1\\D_n=1.51,D_o=1.25,n=3\\\\Geometric\ growth\ rate=\frac{1.51}{1.25}^{1/3}-1=6.5\%

The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%

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The answer is true .
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