Answer:
Price variance will be $4512.5 ( Unfavorable )
Explanation:
We have given standard material cost per yard = $2
Actual material cost per yard = $2.10
Standard yards per unit = 4.5
And actual yards per unit = 4.75
Units of production = 9500
Total number of actual quantity used = 9500×4.75 = 45125
So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5
So price variance will be $4512.5 ( Unfavorable )
<span>Answer: Matched pairs design
Explanation: Matched pairs design is a special case of a randomized block design. It can be used when the experiment has only two treatment conditions; and subjects can be grouped into pairs, based on some blocking variable. Then, within each pair, subjects are randomly assigned to different treatments.</span>
Answer:$722,000
Explanation:
The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.
Answer:
We can divide costs into three categories:
- fixed.- do not change as total production outcome changes
- variable.- changes proportionally to total production output
- mixed.- part fixed, part variable
Explanation:
fixed: they stay the same regardless of total output
- depreciation. $4,500 per month
- property taxes, $12,000 per year
variable: the more units are produced, the higher they are
- direct materials, $25 per unit
- shipping costs, $15 per unit
mixed: a part is fixed per month, while another part increases as total output increases.
- water and sewer, $50 per month plus $0.10 per gallon
- sales rep's pay, $1,000 per month plus 10% sales commission
