Answer: $5,010 Favorable
Explanation:
Direct materials price variance is calculated by the formula:
= (Standard Price - Actual Price) * Quantity Purchased
Actual price = Amount pounds were purchased for / Pounds purchased
= 5,900 / 2,500
= $2.36
Direct materials price variance = (5.7 - 2.36) * 2,500
= $5,010 Favorable
Solution :
Total labor variance = [(standard rate x standard hours) - (actual rate x actual hours)]
= [$11 x (1300 x 2)] - ($9.90 x 2340)
= $28600 - $23166
= $ 5434 unfavorable
Labor price variance = ( standard rate - actual rate) x actual hours
= ($11.00 - $9.90) x 2340
= $ 1.1 x 2340
= $2574 favorable
Labor quantity variance = standard x (standard hours - actual hours)
= $11.00 x [(1300 x 2) - 2340]
= $11.00 x (2600 - 2340)
= $11.00 x 260
= $2860 unfavorable
The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant to the organization is typically assigned to the <u>Chief technology officer (CTO)</u>
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The chief technology officer (CTO) is the highest technical leadership position within a company, leading the technical or engineering department. Create policies and procedures and use technology to improve our external customer-focused products and services.
The Chief Technology Officer (CTO) is the executive responsible for overseeing the entire IT department and integrating business needs and requirements into IT planning and operations. It's important to distinguish their role from that of the Chief Information Officer (CIO). The Chief Information Officer (CIO) role focuses on technology that internally guides an organization through the management of its infrastructure. The Chief Technology Officer has a job description focused on developing technologies for customer sales and the external growth of the company. The CTO and her CIO often combine their technical and engineering knowledge to work together for the benefit of the entire organization.
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Learn more about the Chief technology office here brainly.com/question/17999351
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Answer:
An electronic storage file where firms keep customer information is known as a DATA STORAGE
Explanation:
Data storage keeps every electronic documents, it keeps data on it and it is safer to have such there as the memory determines the level of information to be stored.
Answer:
The correct anwer is B. A proposed accounting standards update.
Explanation:
Each time it is intended to make a modification to the accounting standards, it is necessary for the FASB to publish a proposal to update accounting standards (ASU), with the main objective of making known the proposed changes. In certain cases, after a process of presenting, receiving and arranging comments from the users of the information, the application of the standard is given free access.
According to current regulations, each ASU explains:
- How the FASB has changed the US GAAP, including each specific amendment to the FASB Coding.
- Why the FASB decided to change the US GAAP and the background information related to the change.
- When the changes will be effective and the transition method.
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