1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoray [572]
2 years ago
12

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

Business
1 answer:
Rudiy272 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

You might be interested in
What are the advantages of a bank savings account?
Schach [20]
The right answer for the question that is being asked and shown above is that: "High liquidity, high rate of return" the advantages of a bank savings account is that of <span>High liquidity, high rate of return</span>
7 0
2 years ago
Read 2 more answers
In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
german

Answer:

The existing state of American economy must be declared earlier respondent the interrogation.

The U.S. financial position is vigorous in 2017.The value rate is in its perfect vary i.e., 2.4 (2-3%).Joblessness is at its ordinary proportion and there isn't an excessive amount of rise or decrease. Conversely, the value is predicted to descent to a pair of 2.1% in 2018 and 2.0 in 2019. Drop in value would cause decrease in GDP and growth in state.

To avoid this drop I will be able to inscribe to manager of Federal Reserve Bank to cut back the rate (expansionary financial policy).Federal reserve will try this by shopping for bonds. Once Federal Reserve purchases bonds the money offer increases and rate decreases. As rate decreases mixture demand and financial gain increases. With escalation in financial gain and mixture demand the value wouldn't decrease in 2018 and 2019.

I would not recommend an expansionary economic policy as a result of it increases the rate yet and thus results in situation out.

6 0
2 years ago
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
Lisa [10]

Answer: Please refer to Explanation.

Explanation:

Monopoly.

The 2 reasons why the monopoly’s marginal revenue will always be less than its price are;

a) Even though Monopolies have very large influence on the prices of goods and services they offer, for a Monopoly to sell more goods, they generally have to lower their prices. This will lead to a situation where Marginal Revenue, which is the additional revenue made per additional unit sold will be less than Price because additional revenue for a new unit will be less than the last one because prices are dropped .

b) A Monopoly's demand schedule is downward sloping. This means that demand rises as prices drop. As prices drop therefore, more goods will be sold but the marginal revenue will be less because prices had to be dropped to get an additional unit to be sold. That unit therefore will bring in less revenue than the last unit.

Perfectly Competitive Market

In such a market, the seller is a Price Taker. This means that sellers in this market do not sell at a price that they want but rather at a price the market has established to be the Equilibrium. This is because of the high competition in the market. Since they are all selling at the same price, this means that every additional revenue they get is the same as the price the market charges. This means that Price equals Marginal Revenue in this market.

3 0
2 years ago
Which of these portfolio items might assist Susan in answering an interviewer who asks, “What is something you did well in schoo
stepan [7]
A.Diploma Certificatw
7 0
2 years ago
Grateful Eight Co. is expected to maintain a constant 4.6 percent growth rate in its dividends indefinitely. If the company has
ad-work [718]

Answer:

11%

Explanation:

To address this exercise, we need to recall the formula for dividend discounted model (DDM). The DDM is stated as below:

Stock intrinsic value = Next year dividend/(Required rate of return - Long term growth)

Rearrange a bit this formula, we have:

Next year dividend/Stock intrinsic value = Required rate of return - Long term growth, or

Dividend yield = Required rate of return - Long term growth

Putting all the number together, we have:

6.4% = Required rate of return - 4.6% or Required rate of return = 11%

7 0
3 years ago
Other questions:
  • SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical
    6·1 answer
  • Both buyers and sellers of a good are responsive to changes in the price of the product. An increase in the sales tax on the pro
    10·1 answer
  • At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $10,670, and
    5·1 answer
  • The manager is responsible for knowing the food sanitation rules this includes the supervision of food handlers in
    5·1 answer
  • Suppose that the rise in the price of coffee beans resulted in a large decrease in the supply of Starbucks coffee while the lowe
    14·1 answer
  • The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un
    8·1 answer
  • A car dealership gives another company a consumer's financial records without notifying the consumer. Which regulatory act did t
    11·2 answers
  • A reconciliation of pretax financial statement income to taxable income is shown below for Shaw-Anderson Industries for the year
    5·1 answer
  • Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net I
    12·1 answer
  • a homeowner has just made the final payment on her home mortgage to her lender. there will still be a lien on her property until
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!