Which 4 sections of the Overview screen can be used to perform a high-level review?

Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard 15 pounds p

Hitman42 [59]

Answer:

The direct material quantity variance is $10,800 favourable. (the options in the question are not correct).

Explanation:

The direct materials quantity variance represents a difference between what was actually produced and the standard or idea that should have been produced especially with regards to the use of direct materials.

To calculate material quantity variance

Step 1:Calculate the Standard Usage of Material

Formula= (Actual Units of Finished goods Purchased x Standard Price of Material per unit)

= 4,000 units x 15 Pounds

= 60,000 Pounds

This means the standard material usage is 60,000 pounds

Step 2: Now calculate the Direct Material Quantity Variance

Formula= (Standard Material Usage - Actual Material Usage) x The Standard Price per Unit of Material

= 60,000 pounds (computed in step 1) - 40,000 pounds (given in the question)

= 20,000 pounds x $0.54

=$10,800

Since the standard Material is higher than the actual material usage, it means that the answer is as follows;

The direct material quantity variance is $10,800 favourable.

Kindly note that the multiple options in the question above are for a different set of figures and a different question.

6 0

2 years ago

You are making a $120,000 investment and feel that a 10 percent rate of return is reasonable given the nature of the risks invol

Vika [28.1K]

Net Present Value is the difference between the present value of cash flows and the initial investment.

Net Present Value = Present Value of cash flows - Initial Investment

The following image shows the Net Present value of the cash flows:

Net Present Value = $122,142 - $120,000

Net Present Value = $2,142

5 0

3 years ago

On January 1, 2021, the Blackstone Corporation purchased a tract of land (site number 11) with a building for $740,000. Addition

yawa3891 [41]

Answer:

The answer is given below;

Explanation:

Land Account As at September 30,2022

Amount in $

Land Value 570,000

Broker Commission 50,000

Legal Fees 8,000

Title Insurance 25,000

Cost of Razing 89,000

Total 742,000

Office Building-Total Cost Amount in $

Contract price to barnett 4,400,000

Plans and Blueprint 26,000

Design and Supervision 98,000

March-December 2021

Borrowing Costs 1,040,000*12%*9/12 93,600

January-September 2022

Borrowing Costs 3,000,000*12%*9/12 270,000

Total Cost 4,887,600

4 0

3 years ago

13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp

Irina18 [472]

Answer: Strategic Analysis.

Explanation: Strategic analysis is the process that firms use to study and understand the many different aspects of their competitive environment. This analysis involves the process that focus on researching an organization’s business environment within which it operates. It is an essential tool in formulating strategic planning for decision making and smooth working of the business organization.

Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.

4 0

3 years ago

To prepare for the construction of its new headquarters, Baker Co. purchased a 500-acre plot of land on August 5, Year 1. Baker

leonid [27]

Answer:

FASB ASC 835-20-15-8

Explanation:

This section explicitly states that in order for interests to qualify for interest capitalization, the assets purchased through the loan must be getting ready for its intended use. E.g. if you want to capitalize the interests on the land, you must carry out activities necessary to prepare it for its intended use. Or if you purchase a machinery, you must be installing it in order to get it ready to produce.

4 0

2 years ago