Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During April, 304,000 cans were produced using 1,243,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.07 per ounce.
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= ( 0.07 - 0.17)*1,243,000= $124,300 unfavorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (1,337,600 - 1,243,000)*0.07= $6,622 favorable
Answer:
$40,000
Explanation:
Straight line ammortization expense each year = (Cost of the asset - Salvage value) / useful life
$50,000 / 5 = $10,000
Carrying value = Cost of asset - amortization expense = $50,000 - $10,000 = $40,000
I hope my answer helps you
The correct answer is true.
