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
konstantin123 [22]
3 years ago
12

Turrubiates Corporation makes a product that uses a material with the following standards:________. Standard quantity 6.5 liters

per unit Standard price $1.00 per liter Standard cost $6.50 per unit The company budgeted for production of 2,300 units in April, but actual production was 2,400 units. The company used 16,410 liters of direct material to produce this output. The company purchased 18,600 liters of the direct material at $1.10 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is:________. a. $891 U b. $810 U c. $891 F d. $810 F
Business
1 answer:
Marina86 [1]3 years ago
7 0

Answer:

Direct material quantity variance=  $810 unfavorable

Explanation:

Giving the following information:

Standard quantity 6.5 liters per unit Standard price $1.00 per liter

Actual production was 2,400 units.

The company used 16,410 liters of direct material to produce this output.

<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

Standard quantity= 6.5*2,400= 15,600

Direct material quantity variance= (15,600 - 16,410)*1

Direct material quantity variance=  $810 unfavorable

You might be interested in
Corporations with control both within and across industries are formed by a series of mergers and acquisitions across industries
Zielflug [23.3K]

Answer:

conglomerate                

Explanation:

In simple words, A conglomerate refers to the multi-industry corporation, which is a mixture of many enterprises operating within one organizational group in completely different sectors, which can include a holding company and several branches.

The conglomerates are always global and massive. The predominant conglomerates consolidate financial risk through investing in a variety of different industries, although other conglomerates opt to engage in a single sector, like those in mines.        

6 0
3 years ago
Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t
Kipish [7]

Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

$FV=P(1+\frac{r}{100})^t

$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

3 0
3 years ago
Sales promotions that provide consumers an incentive to buy a product, such as a cents-off coupons or a discount, are widely use
Nady [450]

Answer:

it is challenging to track usage of the coupons

Explanation:

Coupons are defined as an instrument that is used to obtain a discount or rebate when making a purchase.

Stores usually give out coupons to customers as an incentive to by products.

However there will be challenge of tracking the coupons as well as the discount on each coupon.

Coupons are given at different discount rates at different times, so it is cumbersome to track a particular coupon out of the many issued when customer wants to redeem it

6 0
2 years ago
Among the guiding principles of six sigma are:
Rudik [331]

Answer:

E. I, II, and IV only

Explanation:

Six sigma is a management technique that involves measuring the number of defective products resulting from production activities, and carefully undergoing certain processes to reduce these defects and improve quality.

The DMAIC cycle is an important process when using the six sigma technique. It involves;

• Defining the goals and objectives to be achieved and problems to be fixed.

• Measuring the production process to see how it currently performs and gathering data on defective products.

• Analysing the processes to find root causes of problems and possible causes of defects.

• Improving the process by implementing carefully formed plans which will help reduce defects.

• Controlling how the new processes are implemented to yield and sustain favorable results and deliver value to customers.

Six sigma aims to remove variations from business processes to reduce product defects and improve quality.

8 0
3 years ago
Norma Smith is the controller of Bramble Corporation and is responsible for the preparation of the year-end financial statements
melisa1 [442]

Answer:

Current liability refers to the short term obligations of the firm which need to be settled down within a period of one year or within a normal operating cycle.

(a) $0 would be reported as current liability, as it is not a current liability. It is a contingent liability.

(b) The amount of current liability is $192,900 because it is a liability of a firm to pay bonuses to the employees.

(c) The amount of current liability is as follows:

= $900,000 × 0.08 × (1/12)

= $6,000

Payment of interest on loan is a liability of the firm.

(d) $0 would be indicated in current liability, because provision for doubtful accounts is subtracted from the total accounts receivable to determine the net account receivables.

(e) Proposed dividend is a part of current liability and the amount of dividend to be shown as current liability is as follows:

= Dividend per share × No. of shares outstanding

= $3.50 per share × 41,810

= $146,335

(f) Customer advances is a current liability and the amount of customer advances to be reported in current liability is calculated as follows:

= Customer advances - Amount earned this year

= $193,100 - $57,900

= $135,200

6 0
3 years ago
Other questions:
  • How often should you typically monitor your checking account?
    6·1 answer
  • How would u approach a fellow co-worker consistently does not perform hand-hygiene when it is indicated or appropriate.
    9·1 answer
  • Which of the following typically has the lowest fees or cost to use?
    5·1 answer
  • Michael is the new department head at his company. he expects everyone to agree with his restructuring plan for the department,
    10·1 answer
  • If the economy were encountering a severe recession, proper monetary and fiscal policies would call for:
    8·1 answer
  • Russell’s has a bond issue outstanding. The issue's indenture provision prohibits the firm from re-deeming the bonds during the
    10·2 answers
  • Ways to improve upward communication flow include all but which of the following: a. Anonymous feedback to management b. Ombudsm
    10·1 answer
  • You are considering a project in Norway with an initial cost of NKr135,000. The project is expected to return a one-time payment
    7·1 answer
  • The Fed's use of open market operations affects banks
    10·2 answers
  • Broker rob believes he is being approached by a fair housing tester. what should rob do?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!