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1 year 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]1 year 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

To calculate the direct material quantity variance, we need to use the following formula:

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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Answer:

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Explanation:

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3 years ago

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The distribution of hourly sales for a local family owned store is normally distributed with a mean of $225 per hour and a stand

adell [148]

Answer:

The standard deviation of 75 dollars

Explanation:

Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?

S.D. = √ D² - M

∴ 75 = √ D² - 225

D² = 75² - 225 = 5625 + 225 = 5950

∴ D = √5950 = 24.4 dollars

From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.

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2 years ago

Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi

Marizza181 [45]

Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor

Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer

Hope it helps!

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2 years ago

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