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
Inessa [10]
2 years ago
8

ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 pe

r pound x 13 pounds per unit).
ABC's actual production in October= = 525 units.
The actual cost of materials used = $69,300 ($11 per pound x 12 pounds per unit).

Required:
a. Calculate the raw materials price variance for October. Is it favorable or unfavorable?
b. Calculate the raw materials usage variance for October. Is it favorable or unfavorable?
Business
1 answer:
melisa1 [442]2 years ago
3 0

Answer and Explanation:

The computation is shown below;

a. Raw material price variance is

= (standard price - actual price) × actual quantity

= ($10 - $11) × ($69,300 ÷ $11)

= ($10 - $11) × 6,300

= $6,300 unfavorable

b. The raw material usage variance is

= (Standard quantity - actual quantity) × standard price

= (525 × 13 - 6,300) × $10

= $5,250 favorable

In this way it should be calculated

You might be interested in
Gardening supplies are hot now but they haven’t always been why is this true of other businesses too
marusya05 [52]

Answer:

look i don't care...

Explanation:

just joking i don't know that question

3 0
2 years ago
Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo
Leona [35]

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

3 0
3 years ago
Read 2 more answers
Heathcote Corporation is a manufacturer that uses job -order costing. The company closes out any over-applied or under-applied o
valentinak56 [21]

Answer:

I'm figuring this out for you!

5 0
3 years ago
7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual paymen
Maurinko [17]

Answer:

A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

Explanation:

A. $698,494.97

B. $593,720.72

C. $838,193.96

D. $440,051.83

Solution:

First we need to see which among the four options is the correct value.

For that we need to find the rate:

Rate = Yield to Maturity/2

Yield to Maturity = 11%

So,

Rate = 11/2

Rate = 5.5%

Now, we need to find the Nper ( Number of periods for the loan)

Nper = 5 x 2 = 10 years.

Nper = 10 years

Now, we need to find PMT which is a financial function used to calculate the amount to be paid for the loan based on constant payments and interest.

PMT = (3%/2) x par value

PMT = (3%/2)x 1,000,000

PMT = 15000

Now, For future value, we have par value.

So,

Par Value = Future Value = FV = 1,000,000

Now, we have to find the PV = Present Value or the price of the bond.

For this we need to use PV function on excel.

Formula:

Price = - PV(Rate, Nper, PMT, FV)

Plugging the values in Excel like this and we get:

Price = -PV (5.5%,10,15000,1000000)

Price = $698,494.97

Hence, A = $698,494.97 is the right answer.

And Assuming that interest rates remain constant, the T-note’s price is expected to Increase.

4 0
2 years ago
You decide to change careers and have assessed your values, interests, and skills. What should you do next?
Tresset [83]

Answer:

Make a list of potential jobs and research them

Explanation:

7 0
2 years ago
Other questions:
  • China is a highly efficient manager. This implies that she:________ a. minimizes the amount of input resources without compromis
    13·1 answer
  • Distinguish between the substitution and income effects of a price change. If a good’s price increases does each effect have a p
    13·1 answer
  • Assume €1 = $1.1364 and $1 = S$1.2408. A new coat costs S$213 in Singapore. How much will the identical coat cost in euros if ab
    11·1 answer
  • The following information relates to a company's defined benefit pension plan at December 31:Accumulated benefit obligation1,035
    8·1 answer
  • All functions and departments in the enterprise have tasks that they need to complete to produce outputs or ________ in order to
    10·1 answer
  • Because stocks rely on dividends as the principal source of cash flow, ascertaining stock prices is an easier and more precise p
    15·1 answer
  • According to Laurent, managers in Sweden, Denmark, and Great Britain believe that employees should ________. A. adopt a collecti
    9·1 answer
  • The shortest-route problem is a special case of the transshipment problem.
    6·1 answer
  • _________ is an investing cash flow and ________ is a financing cash flow, as reported in the Statement of Cash Flows.
    6·1 answer
  • The process of analyzing the tasks necessary for the production of a product or service is called ______.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!