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scoray [572]
3 years ago
12

Calculate direct material variances when the quantity purchased equals the quantity used

Business
1 answer:
Rudiy273 years ago
3 0

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

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

Direct material price variance= (1.96 - 1.92)*87,500

Direct material price variance= $3,500 favorable

Actual cost= 168,000 / 87,500 = $1.92

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

Direct material quantity variance= (3,500*24 - 87,500)*1.96

Direct material quantity variance= $6,860 unfavorable

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As the price level falls a. people will want to hold more money, so the interest rate rises. b. people will want to hold more mo
icang [17]

Answer:

The answer is C.

Explanation:

As the general price level decreases or falls, people will want to hold less money, so the interest rate falls.

As price level falls, value of money decreases because a unit of money will more of goods or services.

During this period people will want to hold less money because of the decrease in value and the excess money will be deposited in banks.

With this, the banks have more money to lend out and this will make the bank to reduce its Interest rate.

8 0
3 years ago
When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles
denis23 [38]

Answer:

b. He is actively engaged in your interview.

Explanation:

In most cultures, smiling implies friendliness. In the United States, nodding and maintaining consistent eye contact show interest and engagement in a conversation and respect for the speaker. By combining these three nonverbal behaviors, the interviewer is expressing active, positive interest in your interview.

7 0
2 years ago
Why might a project manager avoid using technical language when giving a presentation to clients?
Reil [10]

Answer:

Forget that you’re up there not to promote how wonderful you are, but to provide value to the audience.

Lose focus of what the audience needs from you. One way: Before you start talking, ask, “What do you hope to learn/achieve from this meeting?”

Fail to set objectives. Even if you don’t share them with participants, know what you want to achieve.

Proceed without a plan (also known as an agenda). Whatever you call it, it’s a map for how your session is going to go.

Wing it. Preparation is everything. Unless you’re an improv master, you have to figure out what you’re going to do, in what order and for how long. And almost everyone needs to practice.

Jump from point to point in a disorganized way. See #4 and #6.

7 0
2 years ago
An array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its
ZanzabumX [31]

Answer: social complexity

Explanation:

Social complexity simply relates to how the existence of human beings are being studied. The things that are studied include armed conflicts, marriage practices, emigration patterns, political movements, natural disasters, etc.

Therefore, array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon social complexity.

6 0
3 years ago
Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales
Dvinal [7]

Answer:

The company's cost to produce 1,000 gallons of product B is $7,131.25.

Explanation:

This can be calculatd as follows:

Product B share of joint cost = (Product B sales value / (Product B sales value + Product A sales value)) * Cost to split-off point = ($32.20 / ($32.20 + $3.00)) * $5,500 = 0.914772727272727 * $5,500 = 5,031.25

Product B total additional separable process beyond split-off = Additional cost per gallon * Number of gallons of product B produced = $2.10 * 1,000 = $2,100

Therefore, we have:

Company's cost to produce 1,000 gallons of product B = Product B share of joint cost + Product B total additional separable process beyond split-off = 5,031.25 + $2,100 = $7,131.25

Therefore, the company's cost to produce 1,000 gallons of product B is $7,131.25.

4 0
3 years ago
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