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3 years ago

Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows:

Business

1 answer:

Fittoniya [83]3 years ago

6 0

Answer:

Direct material quantity variance= $850 unfavorable

Explanation:

Giving the following information:

Standard tons of direct material (steel) per car 4

Standard cost per ton of steel $ 17.00

During March, the company produced 1,650 cars.

Actual materials purchased and used (tons) 6,650

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

<u></u>

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

Direct material quantity variance= (4*1,650 - 6,650)*17

Direct material quantity variance= $850 unfavorable

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a debt of $1,000 is incurred at t 5 0. What is the amount of four equal payments at t 5 1, 2, 3, and 4 that will repay the debt

harina [27]

Answer: $315.47

Explanation:

As this requires equal annual payments, it makes it an annuity. The $1,000 debt will be the present value of the annuity so a present value of annuity formula can be used:

1,000 = Annuity * ( 1 - ( 1 + rate) ^ -n) / rate

1,000 = Annuity * ( 1 - ( 1 + 10%)⁻⁴ ) / 10%

1,000 = Annuity * 3.169865

Annuity = 1,000/3.169865

Annuity = $315.47

7 0

3 years ago

Freshmart, Inc., began the year with 250 units of inventory at a cost of $55 per unit using variable costing, produced 1,000 uni

Svetach [21]

Answer:

The net income will be "$36,250".

Explanation:

The given values are:

Administrative expenses

= $15,000

Fixed overhead costs

= $30,000

According to the question:

The sales will be:

= $1250 \ units\times 100 \ per \ units$

= $125000$

The production cost of the variable will be:

= $1250 \ units \times 25 \ per \ units$

= $31250$

Variable selling will be:

= $1250 \ units\times 10 \ per \ units$

= $12500$

The net income will be:

⇒ $Sales-Production \ cost \ of \ variable-admin \ expenses-fixed \ costs-fixed \ selling$

On substituting the values, we get

⇒ $125000-31250-12500-30000-15000$

⇒ $36250$ ($)

8 0

3 years ago

ToySpot, a soft toy manufacturer, receives an order of 250 teddy bears. For this particular order, its total inventory includes

Vinil7 [7]

Answer:

185 teddy bears are in work in progress inventory

Explanation:

given data

receives order = 250 teddy bears

fabric = 300 yards

ribbon = 200 yards

cotton = 250 pounds

to find out

how many teddy bears can be considered work-in-process inventory

solution

we know that teddy bears to be manufactured is = 250

so finished and this comes under finished goods inventory are

goods inventory = 65 teddy bears

and still in the process is 185 teddy bears

so they needs to undergo further process because the work is still not completed

so we can say that 185 teddy bears are in work in progress inventory

3 0

3 years ago

On January 1, 2019, Shay Company issues $400,000 of 10%, 12-year bonds. The bonds sell for $391,000. Six years later, on January

noname [10]

Answer:

$9,000

Explanation:

The computation of the amount of the discount on the bonds at issuance is shown below:

= Par value of the bond - issued price of the bond

= $400,000 - $391,000

= $9,000

By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above

4 0

4 years ago

I have a business. I have 20 workers and 100 dollars!!! How do I split it??????

Andreyy89

You have 20 workers and $100.00

100.00/20workers = $5.00/ worker.

Just hand each one $5.00 and say Thanks Good Job!

Check: $5.00 x 20 = $ 100.00

8 0

3 years ago