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3 years ago

Based on the following information answer question

Business

1 answer:

kipiarov [429]3 years ago

4 0

1. The standard cost per unit of material is $30 ($10 x 3).

2. The total inputs allowed per budget for actual outputs achieved = 21,000 (3 x 7,000).

3. The total actual direct material used to produce the actual outputs is 28,000 (7,000 x 4).

4. The material price variance = $28,000 Unfavorable ($3 - $4) x 28,000.

5. The material efficiency variance = $21,000 Unfavorable (28,000 - 21,000) x $3.

6. The flexible budget variance = $42,000 Unfavorable (28,000 x $9) - (21,000 x $10).

7. The item that would never appear on a cash budget is the cost of direct material variance. However, the specific items are not indicated herein.

Data and Calculations:

Standard units of materials allowed = 3 units

Cost of a unit of material =$10

Standard cost direct material per unit of output = $30 ($10 x 3)

Number of units produced = 7,000

Actual direct materials per unit used = 4 units

Total quantities of materials used = 28,000 (7,000 x 4)

Cost of a unit = $9

Actual direct material cost per unit = $36 ($9 x 4)

Total quantities of materials purchased = 30,000

Cost of standard direct materials allowed = $210,000 ($10 x 3 x 7,000)

Cost of actual direct materials used = $252,000 ($9 x 4 x 7,000)

Learn more: brainly.com/question/20598983

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= $47.

Explanation:

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3 years ago

True or false: you always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss

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The correct answer is false.

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3 years ago

On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was payable at maturity. I

7nadin3 [17]

Answer:

cash 55,110,929 debit

note payable 55,110,929 credit

--to record singing of promissory note with discounted interest--

interest expense 1.583.741,77 debit

note payable 1.583.741,77 credit

--to record accrued interest on note payable --

Explanation:

the note plus interest will be for 60 millions.

So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 60,000,000.00

time 0.75

rate 0.12

$\frac{60000000}{(1 + 0.12)^{0.75} } = PV$

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then at December 31th we solve for the accrued interest:

$Principal \: (1+ r)^{time} = Amount$

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4 years ago

Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc

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Answer:

Difference= $60,000 in favor of buying

Explanation:

Giving the following information:

Number of units= 12,000

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direct labor, $27

variable overhead, $15

applied fixed overhead, $32

Buy:

Buying price= $60

If Fischer buys the part, 75 percent of the applied fixed overhead would continue.

First, we will calculate the avoidable fixed overhead per unit:

Avoidable fixed overhead= 32*0.25= $8

Now, the total differential cost of making in-house:

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3 years ago

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ki77a [65]

Answer:

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