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sveta [45]
3 years ago
10

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l

abor-hours. The company uses a standard cost system and has established the following standards for one unit of product:Standard Quantity Standard Priceor Rate Standard CostDirect materials 1.5 pounds $ 5.25 per pound $ 7.88Direct labor 0.5 hours $ 15.00 per hour $ 7.50Variable manufacturing overhead 0.5 hours $ 3.50 per hour $ 1.75During March, the following activity was recorded by the company:The company produced 4,800 units during the month.A total of 10,700 pounds of material were purchased at a cost of $29,960.There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,140 pounds of material remained in the warehouse.During March, 2,600 direct labor-hours were worked at a rate of $15.50 per hour.Variable manufacturing overhead costs during March totaled $4,750.The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for March is:
Business
1 answer:
Harman [31]3 years ago
3 0

Answer:

$7,140 unfavorable

Explanation:

The computation of the  materials quantity variance for March  is shown below;

We know that

Material Quantity Variance = Standard rate × ( Standard Quantity for actual production - Actual Quantity Used)  

=$5.25 × ([4,800 units × 1.5 pounds per unit] - (10,700 - 2,140)    

=$5.25 ×  (7,200 pounds - 8,560 pounds)      

= $7,140 unfavorable

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Varvara68 [4.7K]

Answer:

warehousing

Explanation:

These are the options for the question

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warehousing

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4 0
3 years ago
Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply?
Rainbow [258]

Answer:

The correct answer is option a and c.

Explanation:

The fed cannot control the money supply up to a great extent in the real world. This is because the feds can control the amount of required reserves that a commercial bank holds. But they cannot control the amount of excess reserves that a bank decides to hold which affects the money supply.

At the same time, the feds cannot control the amount of money that the households decide to hold as currency which also affects the money supply.

The amount of excess reserves a bank decides to hold affects the deposit-reserve ratio. While the amount of money that households decide to hold affects the currency deposit ratio. Both of these ratios affect the money supply.

8 0
3 years ago
Which type of power production produces the least amount of greenhouse gases?
weeeeeb [17]
I think the answer is Nuclear
5 0
3 years ago
For a competitive market, A. a seller can always increase her profit by raising the price of her product. B. a seller often char
PtichkaEL [24]

Answer: For a competitive market, <u><em>if a seller charges more than the going price, buyers will go elsewhere to make their purchases.</em></u>

Explanation:

A perfectly competitive market has the following characteristics:

(a). In this particular market there are many buyers and sellers.

(b). Also each company makes similar product. i.e. the products are identical in nature.  

(c). In this market buyers and sellers will have access to perfect information about price. and product.

(d). In a competitive market there are no barriers to entry into or exit from the market.

Therefore , <u><em>if a seller charges more than the going price, buyers will go elsewhere to make their purchases.</em></u>

3 0
3 years ago
Which type of banking system did the Federal Reserve Act of 1913 establish?
miskamm [114]

Answer:

A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Hence, the type of banking system that the Federal Reserve Act of 1913 establish is a system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

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II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.

8 0
3 years ago
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