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
Nimfa-mama [501]
2 years ago
5

The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 12,000 pounds of dir

ect material with a standard cost of $14 per pound to produce 14,000 units of finished product. Armstrong actually purchased 24,000 pounds and used 15,000 pounds of direct material with a cost of $30 per pound to produce 14,000 units of finished product. Given these​ results, what is​ Armstrong's direct material price​variance?
a. $234,000 unfavorable
b. $156,000 unfavorable
c. $234,000 favorable
d. $156,000 favorable
Business
1 answer:
quester [9]2 years ago
4 0

Answer:

A. $234,000 unfavorable

Explanation:

Calculation to determine Armstrong's direct material price variance

Using this formula

Direct material price variance=[(Standard cost-Actual cost)*Actual quantity]

Let plug in the formula

Direct material price variance=[($11-$24)*18,000)

Direct material price variance=$13*18,000

Direct material price variance=$234,000 Unfavorable

Therefore Armstrong's direct material price variance is $234,000 Unfavorable

You might be interested in
Activity-Based Product Costing
nikklg [1K]

no matteehow much times i read this is still cant process this

5 0
2 years ago
On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudou
Naddika [18.5K]

Answer:

The correct answer is B. (3,375) = NA + (3,375) NA − 3,375 = (3,375) NA.

Explanation:

The question asks for the effect of the adjusting entry on December 31, Year 1, that is, the creation of the 3% allowance for uncollectible debts.

Allowance for bad debts = 3% x $112,500 = $3,375

Its effect is as follows.

Assets: Since accounts receivable (an asset) is reduced, assets are reduced  by $3,375.

Liabilities: No effect.

Equity: As Equity = Assets - Liabilities, the net effect is to reduce the equity by $3,375.

Revenue: No effect.

Expenses: Sales worth $3,375 is written off as an expense. Hence, total expenses increase by $3,375.

Net increase: As revenue remains unchanged while expenses increase by $3,375, the net increase is a negative of $3,375.

Cash flow: No effect, because there is no exchange of cash since the amount of $3,375 was never received by Loudoun Corporation.

These entries correspond to option B. which is thus the correct answer.  

8 0
3 years ago
On December 31, 2020, Flint Corporation sold for $150,000 an old machine having an original cost of $270,000 and a book value of
dalvyx [7]

Answer:

$105,547

Explanation:

Original cost of machine = $270,000

Machine sold for = $150,000

Book value = $120,000

Down payment = $30,000

$60,000 payable on December 31 each of the next two years .

Present value of an ordinary annuity of 1 at 9% for 2 years = 1.75911

The amount of the notes receivable net of the unamortized discount:

= Amount paid on December 31st ×  Present value of an ordinary annuity

= $60,000 × 1.75911

= $105,547

3 0
3 years ago
Ted was dissatisfied with his job. He said that the company policy, superxisior; and working conditions were responsible for his
nalin [4]

Answer:

The correct answer is B

Explanation:

As the Ted was dissatisfied with the job because of the working conditions, policy of company and supervision. And as per the theory of the  Frederick Herzberg, the study indicate that the certain factors of the job are related to the job satisfaction whereas the other factors lead to job dissatisfaction.

In accordance with the theory, the motivating factors are the intrinsic elements of the job that lead to satisfaction like achievement, affiliation, growth and responsibility. And the hygiene factors are the extrinsic elements of the work environment.

Therefore, the extrinsic factors which is hygiene factor or elements of the work environment will not serve as the source of the employee motivation or the satisfaction

5 0
3 years ago
An investor agreed to sell a warehouse five years from now to the tenant who currently rents the space. The tenant will continue
salantis [7]

Answer:

Net present value of $168,953.93

Explanation:

We will calculate the present value of the cash flow at the investor's rate of return.

First we have the annuity of 20,000 during 5 years

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C = 20,000

time = 5

rate = 10

20,000 \times \frac{1-(1+0.10)^{-5} }{0.10} = PV\\

PV = 75,815.73539

Then we calculate the present value of the final payment of 150,000

\frac{Nominal}{(1 + rate)^{time} } = PV

Nominal = 150,000

rate = 0.1

time = 5

\frac{150,000}{(1 + 0.10)^{5} } = PV

PV = 93,138.198459

<u>We add both together: </u>And get the present value

75,815.73 + 93,138.20 = 168,953.93

4 0
3 years ago
Other questions:
  • Which of the following is true about a business plan?
    7·1 answer
  • On October 5, Loomis Company buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the
    7·1 answer
  • Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4,
    15·1 answer
  • Name two arguments that support international trade.
    9·2 answers
  • Microevolution can occur when some individuals in a population survive and reproduce more often in a new environment. what is th
    6·1 answer
  • An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produce
    7·1 answer
  • The human resources perspective of management links motivation theories with _____. a. profit maximization b. efficiencies c. em
    5·1 answer
  • The financial statements for Castile Products, Inc., are given below:
    8·1 answer
  • Amy transfers property with a tax basis of $970 and a fair market value of $650 to a corporation in exchange for stock with a fa
    6·1 answer
  • 40 points easy question
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!