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3 years ago

A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:

Business

1 answer:

ycow [4]3 years ago

7 0

Answer:

e. any of the other answers can occur.

Explanation:

The reason for the decision above is variances are not dependent on the direct material quantity variance and the calculation of all is differ. We also know the total direct material variance is total of material quantity & price variance that is because total variance may be favorable or unfavorable. And the option(d) direct labor efficiency variance do not relate with material variance.

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The following data were taken from the financial statements of The Amphlett Corporation, which is all equity financed. 2012 2013

Lerok [7]

Answer:

2012 - 2013

a. Return on equity 26,2% - 25,0%

b. Return on assets 14,0% - 14,3%

c. Return on sales 18,1% - 18,5%

d. Total assets to shareholders' equity 1,88 - 1,75

e. Asset turnover 0,77 - 0,77

Explanation:

2012 2013

TOTAL ASSETS $191.225 $212.440

TOTAL EQUITY $101.975 $121.165

Income Statement 2012 2013

Sales $147.860 163.585

Net Income after Taxes $26.765 30.340

8 0

3 years ago

Walters manufactures a specialty food product that can currently be sold for $22.90 per unit and has 20,900 units on hand. Alter

ANEK [815]

Answer:

Increamental net income = $529,920-$478.610 = $51310

Explanation:

Total sales revenue before the further processing = $22.9 * 20,900 =

$478.610

Total net sales revenue after the further processing = ($30.9 *12900)+($20,9*6900)-$12,900 = $529,920

Increamental net income = $529,920-$478.610 = $51310

5 0

3 years ago

Which of the following is the best example of a law?

Nataly_w [17]

Explanation:

i think A option is the best

3 0

3 years ago

Stuart Allen Company manufactures computer hardware. The president of the company bought a new car as a gift for his daughter an

inessss [21]

Answer:

C. Economic entity assumption

Explanation:

Monetary unit assumption: As per this assumption, US dollar is considered to be a king. The accountants are forbidden of logging transactions in any other currency. It also grant accountants permission to ignore inflation when reviewing the statements considering that purchasing power of a dollar remains unchanged.

Going concern assumption: As per this assumption, a firm will continue its operations for the foreseeable years. Irrespective of the fact, whether the owner is alive or not, a firm may continue to operate unless dissolved. In case of bankruptcy, a firm will discontinue its operations.

Cost principle: As per this principle, an asset should be recorded at the acquired price. The acquired price is the price at which the asset was originally purchased i.e. the historical cost of an asset.

Economic entity: Each firm or organization is an economic entity and has a separate artificial identity from its owner or stakeholders. So, only the transactions pertaining to business are recorded and personal expenses are excluded from the financial statements of the firm.

Thus, the personal expense of president of the company should not have been recorded in the financial statements of the company.

3 0

4 years ago

Mustafa Manufacturing Company began operations on January 1. During the year, it started and completed 3,000 units of product. T

lara31 [8.8K]

Answer:

a. $18,000

b. $3,600

c. $14,400

Explanation:

The calculations are shown below:

a. Total product cost

= Raw materials purchased and used + Wages of production workers + Depreciation on manufacturing equipment

= $6,200 + $7,400 + $4,400

= $18,000

b. The total cost of the ending inventory would be

= (Total product cost) ÷ (Started and completed units) × remaining units

= ($18,000) ÷ (3,000 units) × 600 units

= $3,600

The remaining units would be

= 3,000 units - 2,400 units

= 600 units

c. The total of cost of goods sold would be

= (Total product cost) ÷ (Started and completed units) × units sold

= ($18,000) ÷ (3,000 units) × 2,400 units

= $14,400

8 0

3 years ago