Answer: $5,010 Favorable
Explanation:
Direct materials price variance is calculated by the formula:
= (Standard Price - Actual Price) * Quantity Purchased
Actual price = Amount pounds were purchased for / Pounds purchased
= 5,900 / 2,500
= $2.36
Direct materials price variance = (5.7 - 2.36) * 2,500
= $5,010 Favorable
Answer:
Fixed costs = $18,820
Explanation:
Data provided in the question:
Volume of production = 27,000 units
Variable costs = $0.60 per unit
Number of units sold = 20,300
The total cost of production = $31,000
Now,
The total cost of production = Fixed cost + Total variable cost
or
Fixed costs = Total Production Costs - Total variable costs
also,
Total Variable cost = Variable cost per unit × Volume of production
or
= $0.60 × 20,300
= $12,180
Therefore,
⇒ Fixed costs = $31,000 - $12,180
or
Fixed costs = $18,820
Complete Question
The complete question is shown on the first , second and third image
Answer:
The solution and the calculation is shown on the fourth image
Explanation:
Answer:
Explanation:
Raw data (in $):
August September
Sale 235,000 1.3 × 235,000 = 305,500
- Cash collected 40% 60% of 235,000
40% of 305,500
Purchase 185,000 205,000
- Cash paid 30% 70% of 185,000
30% of 205,000
Beginning cash balance on September 1: $8,600
<u>Calculations: </u>
The change of the cash balance on September will be the cash collected during the month less the cash paid during the month:
- Cash collected: 60% × $235,000 = $141,000
40% × $305,000 = $122,200
- Cash paid: 70% × $185,000 = $129,500
30% × $205,000 = $61,500
<u>Ending cash balance of September 30:</u>
- Beginning cash balance + cash collected - cahs paid
- $8,600 + $141,000 + $122,200 - $129,500 - $61,500 = $80,800
my answer would be number 2 goes by how much we pay on annual sales per yr far as paying for gas n the cost of gas