A company developed the following per-unit standards for its product: 2 pounds of direct materials at $10 per pound. Last month. 3500 pounds of direct materials were purchased for $13300. The direct materials price variance for last month was a. $10850 favorable. b. $13300 favorable. c. $21700 unfavorable. d. $21700 favorable.

Answers

Answer 1

The direct materials price variance for last month was d. $21700 favorable.

The standard quantity of direct materials per unit = 2 pounds

Standard cost per pound = $10

The actual quantity of direct materials purchased = 3,500 pounds

The actual cost of direct materials purchased = $13,300

Calculating the standard cost -

Standard cost = Standard Quantity x Standard cost per pound

= 2 x 10

= 20

Calculating the Direct materials price variance -

= Standard Cost x Actual quantity of direct materials - actual cost of direct materials

= (10 x 3500) - 13300  

= 35000 - 13,300

= 21700

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Related Questions

Which of the following statements are correct?
Select the correct option(s) and click submit.
Agile and Design Thinking are same
Design Thinking is about Product Development. Agile Manifesto is about Software Development
Design Thinking is finding the right things and Agile is about building the right things
Design Thinking is building the right things and Agile is about finding the right things
Submit

Answers

Product Development is the focus of Design Thinking. The Agile Manifesto is concerned with software development.

Design Thinking is about discovering the right things, while Agile Manifesto is about creating the right things. Hence, option b) is correct.

Design thinking is a problem-finding methodology, whereas agile is a problem-solving methodology. It requires a high level of end-user empathy and comprehension, as well as an iterative process of developing new ideas, debunking assumptions, and redefinition of problems.

Agile Manifesto and Design thinking fosters a user-centric environment that emphasizes rapid iterations to achieve the best results. Use agile development to collaboratively build solutions to problems identified through design thinking.

Design thinking prioritizes the needs of the user, and Agile is an excellent method for delivering solutions gradually. The user's needs are considered throughout the design and development process.

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Within the context of employee communication new technologies (such as blogs or email) have blurred the boundaries between communication Direct and indirect Open and closed Internal and external Aggressive and passive

Answers

Within the context of employee communication, new technologies such as blogs or email have blurred the boundaries between communication that is direct and indirect, open and closed, internal and external, aggressive and passive, and other dimensions of communication.

For example, email can be used for both direct and indirect communication, as it allows for written exchanges that can be carefully crafted and thought out, as well as more informal exchanges that may be less formal and more open in tone. Similarly, social media platforms like blogs and forums can be used to communicate directly with a large audience, or indirectly by sharing information and ideas that may be picked up and discussed by others.

These new technologies have also blurred the boundaries between internal and external communication, as they allow for communication to take place across distances and between different organizations and groups of people. This can be both positive and negative, as it can facilitate more open and collaborative communication, but it can also lead to confusion and conflicts if not managed carefully.

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Explain why the more education a person has, the more money they make.

(Answers should include the screening effect and the learning effect.)

Answers

Answer:

because. a more educated person have a good profession and by that they can earn a good sources of money

Answer:

a more educated person have a good profession and by that they can earn a good sources of money

Explanation:

1. Define business organisation 2. write short notes on the following a. sole proprietorship b. Population - census​

Answers

Answer:

A business organization is an entity or firm that is formed to carry out commercial activities

A sole proprietorship is a business organization or entity owned by an individual only.

Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.

in inventory models, high holding costs tend to favor high inventory levels.
t
f

Answers

The statement "in inventory models, high holding costs tend to favor high inventory levels" is FALSE. In inventory models, high holding costs tend to favor low inventory levels, not high inventory levels.

Holding costs are the expenses associated with storing and maintaining inventory, including costs such as warehousing, insurance, depreciation, obsolescence, and opportunity costs. The objective of inventory management is to balance holding costs with ordering costs (the costs of replenishing inventory) to minimize total inventory costs. When holding costs are high, it becomes more expensive to hold excess inventory, this creates an incentive for businesses to reduce their inventory levels and avoid excessive stockpiling.

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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?

Answers

So the service is not being served to nothing

Three firms produce differentiated products with zero costs. The firms choose quantities and prices are given by the inverse demand functions: P1 = 1 - 91 +92/4 + 93/4 P2 = 1 - 92 + 41/4 + 43/4 P3 = 1 -43 + 91/4 + 92/4 a) Derive equilibrium quantities, prices and profits assuming the firms compete in quantities. b) Suppose two firms merge. How does this affect the equilibrium? c) Comment on how your results in b) reflect features of the market and the form of competition.

Answers

To derive equilibrium quantities, prices, and profits assuming the firms compete in quantities, we need to find the Nash equilibrium, where each firm maximizes its profit given the quantities chosen by the other firms.

(a) Equilibrium quantities, prices, and profits:

To find the equilibrium, we need to set up the profit maximization problem for each firm. The profit for each firm can be calculated as follows:

Profit_i = (P_i - MC_i) * Q_i

where P_i is the price, MC_i is the marginal cost, and Q_i is the quantity produced by firm i.

Given the inverse demand functions and assuming zero costs (MC_i = 0), we can solve for the equilibrium quantities and prices:

For Firm 1:

P_1 = 1 - 9Q_2 + Q_2^2/4 + Q_3^2/4

Profit_1 = (P_1 - 0) * Q_1

For Firm 2:

P_2 = 1 - 9Q_1 + Q_1^2/4 + Q_3^2/4

Profit_2 = (P_2 - 0) * Q_2

For Firm 3:

P_3 = 1 - 4Q_1 + Q_1^2/4 + Q_2^2/4

Profit_3 = (P_3 - 0) * Q_3

We need to solve these equations simultaneously to find the equilibrium quantities. Since the problem is nonlinear, we can use numerical methods such as iteration or a solver tool to find the equilibrium.

(b) Merger of two firms:

If two firms merge, we can assume they act as a single entity, reducing the competition in the market. This means that the merged firm can adjust the quantities and prices to maximize its profit without considering the actions of other firms.

(c) Market and competition:

The results in part (b) reflect the impact of reduced competition due to the merger. When two firms merge, they gain market power and can potentially increase prices and decrease quantities to maximize their joint profits. This reduced competition may lead to higher prices for consumers and potentially lower total welfare in the market. It highlights the importance of maintaining competition in markets to promote efficiency, innovation, and consumer welfare.

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Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak available is to

open Advanced Filter under the Data tab.
open Microsoft Office Help.
go to the Formulas tab and click More Functions.
go to the Excel Options dialog box.

Answers

Answer:

Open Microsoft Office Help.

Go to the Formulas tab and click More Functions.

Explanation:

Select File → select Options → select Advanced → scroll to General → insert the location in the "At startup, open all files in" dialog box.

Answer:

open Microsoft Office Help

Explanation:

:)

ECON QUESTION !!

What is the overall objective of a business raising financial capital?(1 point)

A) decrease operating costs and increase the number of investors

B) increase revenues and the number of investors

C) reducing financial obligations and increase revenue

D) grow and increase profit

chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated

Answers

The main goal is to increase shareholder value as much as possible.

Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.

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Current market interest rates are 6%. A bond with an 8% coupon would be most likely to have a net present value of zero when the bond is

Answers

A bond with an 8% coupon would be most likely to have a net present value of zero when the bond is mature.

What is net present value?

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

What does it mean when a bond is selling at a discount, premium or at par?

If the market interest rate is greater than the bond's coupon rate the bond is selling at a discount. If the market interest rate is less than the bond's coupon rate the bond is selling at a premium. If a bond’s coupon rate is equal to its market interest rate , then the bond is selling at par.

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Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).

Answers

The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.

To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.

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Without collaborating, two separate brokers elect to discontinue working one of the local real estate firms. The brokers are guilty of:____

Answers

Answer: They are guilty nothing since they are not boycotting collectively but rather individually.

Explanation:

From the question, we are informed that without collaborating, two separate brokers elect to discontinue working one of the local real estate firms.

In this scenario, the brokers are not guilty of anything since their boycott was individually and not a joint decision taken together.

A(n) __________ is a person, company, or bank that lends the money for the purchase of a vehicle.

Answers

Answer: According to Quizlet, the answer is Lien Holder.

What does ceteris paribus mean?

Answers

Answer:

rat

Explanatio

What values does FCCLA emphasize? Select two options.

Answers

The values that the FCCLA emphasizes are family and leadership (A and C).

What is the FCCLA?

FCCLA is an acronym that stands for Family, Career and Community Leaders of America. This is the name of a United States organization made up of students studying technical and nonprofit careers technical and nonprofit careers focused on forming leaders for communities and promoting positive changes in communities through issues like:

familycommunitypersonal problemslabor problemssocial problem

Based on the above, it can be inferred that the FCCLA emphasizes the training of leaders who promote change in communities through the study of family sciences.

Note: This question is incomplete because the options are missing. Here are the options:

A.Family

B.Physical fitness

C.Leadership

D. Health care

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Critically explain Robbins definition of economics?​

Answers

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sells the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land

Answers

Answer:

Explanation:

A $60,000 increase in investment in subsidiary

Name TWO organisations which typically offer
loans to small businesses.

Answers

Answer:

Kabbage: Best Overall.

Fundbox: Best Revolving Line of Credit

Explanation:

consider the different suppliers – which one would you select? what type of agreement would you use?

Answers

Cultural Fit and price are some criteria that we can use to narrow down the suppliers.

There are some criteria that we can use to narrow down the vendors. which are-

Cultural Fit: This refers to values and how well the provider is aware of the company's values.

One of the deciding criteria is price.

Value: Does the product enhance the company's operations?

Market knowledge and recent references

responsiveness and adaptability to requests and product changes

Quality, including the history of quality in products and services

An entity that offers goods or services to another entity is known as a supplier. One example of a supplier is a business that sells PCBAs to a laptop manufacturer or OEM.

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7. What scenario the best way to prevent yourself from having the most investment loss?

Investing in a couple of strong stocks

Investing in one company's stock whose products you most often purchase

Having a diversified portfolio with a variety of investments

All of the above

Answers

Answer:

Having a diversified portfolio with a variety of investments .

Explanation:

The best alternative to avoid losses when making investments is to have a diversified portfolio, in which you have several stocks, bonds and other investment instruments that are not linked to each other, so that, in the event of a fall In one sector of the economy, the eventual gain of other sectors will keep the investor's money relatively stable. Thus, for example, you can have a portfolio with shares of technology companies, banks, raw materials and retail chains, together with bonds of economically stable countries, with which a negative result at the technological level, for example, would be placated by a positive result of the other investments.

A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to buy its fast food products, what would be the most likely place for it to advertise

Answers

What would be the most likely place for it to advertise is: on buses and with signs on parking lots.

What is Advertisement?

Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.

Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this  will help to persuade this commuter to buy the fast food product.

Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.

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A large company issues stock. The company selling the stock often distributes profits by issuing to its shareholders.

Answers

Answer:

Following are the answer to this question:

Explanation:

It is an Act, in which an individual disposes or sells equity shares. Any reasons for selling stocks involve income, reducing losses, or access to money. There is indeed a big corporation of blue-chip stocks. In the stock marketing firm commonly allocates profits towards its stockholders whilst also releasing dividend payments.A major, well known, and financially sound company, which is in business for many years is a blue-chip stock.

Answer:

The answers are - blue chips and dividends.

Explanation:

   

A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?

Answers

a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ

= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)

Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:

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on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from the beginning inventory and one from the may 5 inventory were sold, under the inventory method, cost of goods sold would equal $75.

Answers

Based on the specific identification inventory method, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.

Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold.  This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.

Specific identification is just one method in inventory costing.  Others are Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.

Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.

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What is the straight time pay for each of the following for a 40 hour week

Answers

U forgot to add the picture


1. What types of deaths are considered "deaths of despair"?

Answers

Answer:

Starvation, drowning, torture, death from thirst or starvation, rotting in solitary confinement until death.

Explanation:

Sometimes people will do anyting to survive, invluding eating themselves.

What is the primary role of consumers in a free market economy?

What is the primary role of consumers in a free market economy?

Answers

the answer is b i believe have a good day
i believe the answer is b

QALYs are short for Quality Adjusted Life Years. These were created in order to give life's quality and quantity a measured value. They were employed to make an attempt at evaluating the worth of various health measures. A long life of decreasing quality may be just as valuable as a brief life of high quality, according to a more recent emphasis on the value of "quantity" above "quality."(T/F).

Answers

False. A long life of declining quality could be just as useful as a short life of high quality, according to the supplied statement, which implies an emphasis on the value of "quantity" above "quality."

The statement is untrue, though. The Quality Adjusted Life Years (QALYs) approach does not place a higher priority on quantity than on quality. In order to evaluate the effectiveness of healthcare interventions, QALYs are a metric used in health economics and outcomes research. They assign weights to various health statuses, combining the quantity and quality of life. Instead than favouring one over the other, QALYs acknowledge that both the length and quality of life are significant criteria in assessing the impact of health policies.

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Elle is in high school and wants to have job until she graduates. Which job would she be most qualified for until she graduates high school?
O Purchasing Agent
O Cashier
O Sales Agent
O Interviewer

Answers

I think it’s cashier

First of all we should understand the nature of job of Purchasing Agent, Cashier, Sales Agent and an Interviewer to decide which option should Elle would be most qualified for until she graduates high school.

Who is a Purchasing Agent?

The persons who buy the parts and materials that help in the production of goods are called purchasing agents or purchasers.

Buyers and purchasing agents review the history and quality of the suppliers before making the purchase. They should be qualified enough to consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise.

Who is a Cashier?

A cashier is a person who handles the cash register at various locations such as the point of sale in places such as shops or banks.

He is also known as teller, accountant, clerk, treasurer. Only qualified and skilled persons can perform the role of cashier.

Who is a Sales Agent?

A person hired by any company to sell its products or services is known as Sales agent.

A sales agent take orders, offer services and provide support in person and via telephone or internet. This job can be done with little training and less qualification.

Who is an Interviewer?

A person who conducts an interview to hire the candidates is known as Interviewer. To be an interviewer, a person needs to be well qualified with great communication skills.

So, the best role that Elle can take up until she graduates is that of a Sales Agent.

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Define the term labour force

Answers

Answer:

all the members of a particular organization or population who are able to work, viewed collectively.

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What are the costs of restricting globalizationi.e., keeping production jobs in home country? Provide an exampleand explain its impact on society! A _____ is defined as a set of logically interrelated statements that attempts to describe, explain, and (occasionally) predict social eventsTheoryExperimentInterviewSurvey why are healthcare organizations just in the beginning stages of engaging patients in their care? do you think his has anything to do with this change? do you think this will have an beneficial effect for the organizations? for the patients? explain. which linear inequality is represented by the graph Describe why the United States prospered in the years following the Civil War,while it took a revolution for Russia to prosper. what are the major types of DNA called The image shows the painting The Death of Caesar.Caesar is falling to the floor, surrounded by men with swords and knives.What does the painting express about this event?It details what really happened when Caesar was assassinated.It reveals the types of weapons that were used in Caesars time.It shows that the artist views Caesar as a victim, not an evil tyrant.It glorifies assassination as an option for removing powerful leaders. You are simultaneously recording spontaneous neural activity in two neurons in a brain slice. What evidence from your recording of these two cells could you use to tell if the two neurons: a. have chemical synapses with their presynaptic neurons? b. have electrical synapses with their presynaptic neurons? c. receive input from the same presynaptic neurons? 3/4 divided by 1/5 and explaining please question in the long run, assume a firm uses both labor and capital to produce 25 units of output. the marginal product of the last unit of labor being employed is 100; the marginal product of the last unit of capital being employed is 500. the wage rate of labor is $10. if the firm is minimizing the cost of producing 25 units of output, what must be the unit price of capital? from which point of view is hold fast your dreams written? in the first-person point of view.in the third-person point of view.in the second-person point of view.in a point of view that changes over the poem. Hhhhhheelllp ASAPpppppp 7. A stainless steel pipe is used as a vent over a restaurant stove. The pipe is 6 feet long and its diameter is 12 inches. The pipe is open at both ends. To the nearestwhole number, how many square feet of steel is the outer surface of the pipe?The outer surface of the pipe measures square feet If a cube of 1 mm side is divided into 1 nm-sized cubes, the total surface area will increase by a factor of: a. 10^6>b. 2 x 10^6c. 6 x 10^6 d. 6 x 10^12 which disease is characterized by disruption of sleep cycle, confusion, tremors, impaired movement, psychiatric symptoms and eventual death without treatment group of answer choices malaria rinderpest dengue sleeping sickness Did the printing press have a greater impact on one region of the world over another? Find the fare with 15% tip: 4 passengers, 12 miles.O $21.45O $22.36o $23.75O $24.67 HELP PLEASEEEE simplify (4^3)^5 in the mid-1890s, the american press portrayed the populist party as Consider the following supply/demand model:Qd = 75 3P Qs = 20 + 2Pa. Find the equilibrium price and quantity.b. Develop a spreadsheet model to find equilibrium price and quantity by calculating Qd and Qs for a range of prices; identify the equilibrium price and quantity on the sheet. Graph the functions with Excel.c. Use Solver to find equilibrium price and quantity. (You can do parts b and c on the same Excel sheet).