Budgeted direct materials quantity
4000 pounds
Actual direct materials quantity
4500 pounds
Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
Answer: $800 since the benefit of one more unit goes to both individuals.
Explanation:
The benefit of one more public good will go to both Sam and Alex. For this reason, the total benefit is the sum of the benefits that go to the both of them.
Sam benefits $500 and Alex benefits $300.
= 300 + 500
= $800
$800 goes to the both of them and so is the social benefit of one more unit of the public good.
Answer:
2016 net return on assets is 3.88%
2015 net return on assets is 4.46%
Explanation:
The net return on assets is a profitability ratio that compares net income of a business with the capital assets (fixed assets used in generating such net income,hence it is a comparative performance metric not an absolute like net income as it a profit figure might be misleading if not viewed viz-a-viz the amount of resources deployed to generating it.
net return on assets=net income/total assets:
2016:
net income is $298,300
total assets is $7,694,748
Net return on assets=$298,300/ $7,694,748=3.88%
2015:
net income is $309,120
total assets is $6,925,273
Net return on assets=$309,120/$6,925,273=4.46%
Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
