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aleksklad [387]
3 years ago
9

Brent received a report from the production and purchasing departments with the following values for August: Actual materials qu

antity: 6,200 pounds Total actual cost: $9,250 Standard materials quantity: 1.25 pounds/unit Standard price: $1.50/pound Units made: 4,800 Two days later, Brent received a correction from the production department that they found a missing order for 200 units, which means they made 5,000 units in August. How much would Brent’s materials quantity variance change for the month of August? A : $75F B : $375F C : $375 U D : $75 U
Business
1 answer:
OLga [1]3 years ago
8 0

Answer:

Material quantity variance

= (Standard quantity -  Actual quantity) x Standard price

After the adjustment for missing order

Material quantity variance

= (1.25 x 5,000 - 6,200) x $1.50

=  $ 75( F)

The correct answer is A

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. Standard quantity is standard quantity per unit multiplied by units made. Since the units made are now 5,000 units. Standard quantity will be 1.25 multiplied by 5,000 units.

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Jim's Espresso expects sales to grow by 10.3 % next year. Using the following statements and the percent of sales​ method, forec
stepladder [879]

Answer:

Jim's Espresso

The forecasted costs will be :___________

a. Costs                = $110,168

b. Depreciation    = $6,575

c. Net Income      = $70,482

d. Cash                = $16,600

e. Accounts receivable  = $2,283

f. Inventory          = $4,511

g.​ Property, plant, and equipment = $11,085

Explanation:

a) Data and Calculations:

Sales growth = 10.3%

Balance Sheet

Assets                                                         Percentage of sales

                                                                   Current      Forecast

Cash and Equivalents              $15,050     0.07357    $16,600

Accounts Receivable                    2070     0.01012         2,283

Inventories                                    4090     0.01999         4,511

Total Current Assets                $21,210      

Property, Plant and Equipment 10,050     0.04913        11,085

Total Assets                             $31,260

Liabilities and Equity:

Accounts Payable                     $1,580

Debt                                             3930

Total Liabilities                         $5,510

Stockholders' Equity               25750

Total Liabilities and Equity   $31,260

Income Statement:              Current      %              Forecast

                                               Year

Sales                                 $204,560      1              $225,630

Costs Except Depreciation (99,880)     0.48827     (110,168)

EBITDA                              $104,680      0.51173

Depreciation                         (5,960)     0.02914        (6,575)

EBIT                                    $98,720      0.48260

Interest Expense (net)              (410)     0.00200

Pretax Income                    $98,310      0.48059

Income Tax                         (34,409)     0.16821

Net Income                        $63,901      0.31238       $70,482

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This is the method used in order to being Jennifer back on track and.make her productive again.

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