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
LenaWriter [7]
4 years ago
8

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200 gallons of direct materials that a

ctually cost $45140 were used to produce 7000 units of product. The direct materials quantity variance for last month was _______
Business
1 answer:
natali 33 [55]4 years ago
4 0

Answer:

$7,200 favorable

Explanation:

The computation of the material quantity variance is shown below:

= Standard Price × (Standard Quantity - Actual Quantity)

= $4 per gallon × (2 gallons × 7,000 units - 12,200 gallons)

= $4 per gallon × (14,000 - 12,200 gallons)

= $4 per gallon × 1,800 gallons

= $7,200 favorable

All other information which is given is not relevant. Hence, ignored it

You might be interested in
A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage
pav-90 [236]

Answer:

15,000 units

Explanation:

Calculation for the equivalent units of production using the weighted average method

Using this formula

Equivalent units of production=

Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=10,000+(10,000×50%)

Equivalent units of production=10,000+5,000

Equivalent units of production=15,000 units

Therefore ​the equivalent units of production will be 15,000 units

3 0
3 years ago
g Suppose a central bank wants to increase its international reserves without changing the domestic money supply. It will Select
Nonamiya [84]

Answer:

c. make a sterilized purchase of foreign bonds.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

Bonds are generally debts, which may be floated in different ways with respect to the issuer of the bond and its type. Bonds are used by government and corporate institutions to borrow money with interest and they also have to pay for the face value of the bonds at maturity.

The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.

In Economics, bonds could either be issued at discount or premium. A bond that is being issued at a discount has its stated rate lower than the market interest rate, on the specific date of issuance while a bond that is issued at a premium, has its stated rate higher than the market interest rate on the specific date of issuance.

Hence, a central bank can increase its international reserves without changing the domestic money supply by making a sterilized purchase of foreign bonds.

8 0
3 years ago
Shirley received $500 monthly sick pay under a welfare fund and $6,500 monthly under a disability insurance policy offered by he
Elodia [21]

Answer:

Total taxable amount will be equal to $7000

So option (d) will be correct answer

Explanation:

According to  IRS benefit which is received under the disability which shall be fully taxable only if

Employee pays premium on such policy entirely with pre tax dollars

Here in the given question premium amount paid by employee herself and with the assumption of paying such premium with pre tax dollars hence it is treated as taxable fully i.e 6500$

So 500$ sick pay under welfare fund is treated as earned income so fully taxable.

Therefore total taxable amount will be equal to $6500 + $500 = $7000

So option (d) will be correct answer

3 0
3 years ago
_____ _____ is a way to see if your product is meeting the needs of your customers. Fill in the blanks.
Drupady [299]

Answer: Solicit feedback

Explanation:

  • To know whether your customer is satisfied with the product or services by you, you need to reach them via internet , call support, or direct approach.
  • A solicit feedback is the general way to check on the needs of your customer and get you updated about the structure, functioning and condition of your product or service.

Hence, the complete statement :

<u>Solicit feedback</u> is a way to see if your product is meeting the needs of your customers. Fill in the blanks.

4 0
3 years ago
SilverStone Inc. supplies emission systems worth $100,000 to Horizon Enterprises. As per the terms of sale contract, SilverStone
Hunter-Best [27]

Answer:

<u>The entire $100,000 sales price can be currently recognized since most of the conditions have been met.</u>

<em>Explanation:</em>

Remember, it was mentioned that Silverstone accepted the terms of the sales contract that states "SilverStone takes back all unused emission systems." But a new point was mentioned that four out of the five conditions were met by Silverstone which could grant them 95% percent of sales.

Thus, they can recognize the sales since most conditions were met.

3 0
3 years ago
Other questions:
  • In May direct labor was 35% of conversion cost. If the manufacturing overhead for the month was $116,350 and the direct material
    11·1 answer
  • If the cpi increases from 250 to 275 for one year, the rate of inflation for that year is
    6·1 answer
  • A process in which different individuals and units perform different tasks is known as:
    14·1 answer
  • Beene Distributing is considering a project that will return $150,000 annually at the end of each year for six years. If Beene d
    10·1 answer
  • What is a common mistake made in budgeting?
    6·1 answer
  • Total quality management can be a boon to a business in many aspects of its operation, however it will not work if management fa
    11·1 answer
  • Question 6 you are part of a group making a decision about whether it is appropriate to discontinue research on a new drug. this
    8·1 answer
  • JNJ just paid a dividend of $1.46 per share on its stock. The dividends are expected to grow at a constant rate of 3.5 percent p
    11·1 answer
  • *Will award Brainliest if right!*
    9·2 answers
  • An economic system based on freedom of choice and privately owned factors of production is.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!