Answer:
standard price= $5
Explanation:
Giving the following information:
Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs.Direct materials quantity variance-unfavorable $1,000Direct materials price variance-unfavorable $1,500.
Direct material price variance= (standard price - actual price)*actual quantity
-1,500= (SP - 5.5)*3,000
15,000=3,000SP
5= standard price
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (1400*2 - 3,000)*5
Direct material quantity variance= 1,000 unfavorable
Answer:
How will the government’s budget deficit be affected by public infrastructure projects?
Explanation:
Macroeconomics is concerned with the general behavior and changes in the economy as a whole. Macroeconomics studies parameters that affect the entire economy, such as inflation, unemployment, national income, gross domestic product (GDP), and general price levels. It contrasts microeconomics, which studies the choices and behavior of individual households and industries.
A government's budget is for the entire economy. A deficit that affects public infrastructure projects will impact the country's economic development programs. Government spending forms part of fiscal policies that influence economic development in a country.
Answer:
A. A change in the price of good X.
Explanation:
A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.
If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.
If income increases, and good x is a normal good, the demand curve would shift to the right.
If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.
I hope my answer helps.
Answer:
$319,460
Explanation:
Calculation for the firm’s operating cash flow
First step is to calculate EBIT and Taxes
Sales $1,140,000
Less Cost of goods sold 533,000
Less Selling costs 223,000
Less Depreciation 138,000
EBIT $246,000
Interest 61,600
(7%*$880,000)
Taxable income $184,400
(246,000-61,600)
TAXES 64,540
(35%*$184,400)
Now let calculate the firm’s operating cash flow using this formula
Operating cash flow = EBIT + Depreciation - Taxes
Let plug in the formula
Operating cash flow = $246,000 + $138,000 - $64,540
Operating cash flow = $319,460
Therefore the firm’s operating cash flow is $319,460
Answer:
The tension between value creation and the pressure to keep costs in check.
Explanation: Strategic trade-off is the term used to describe the decision taken which led to the replacement of a particular Strategic action with another. Most Strategic trade-offs are usually done after considering the costs and benefits of the strategic plans or objectives being monitored or observed.
A STRATEGIC TRADE-OFF IS ALSO DONE IN ORDER TO ENSURE THAT THE TENSION BETWEEN VALUE CREATION AND THE PRESSURE TO KEEP COSTS IN CHECK IS OF IMPORTANCE TO AN ORGANISATION..
