answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Taya2010 [7]
2 years ago
5

Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing

overhead is applied to products on the basis of direct labor-hours.Inputs Standard Quantity or Hours per Unit of Output Standard Price or RateDirect materials 5.7 liters $5,40 per literDirect labor 0.70 hours $20.60 per hourVariable manufacturing overhead 0.70 hours $5.50 per hourThe company has reported the following actual results for the product for DecemberActual output 4,100 unitsRaw materials purchased 25,100 litersActual price of raw materials $4.80 per literActual cost of raw materials purchased $120,480 Raw materials used in production 23,360 litersActual direct labor-hours 2,700 hoursActual direct labor rate $21.20 per hourActual direct labor cost $57,240 Actual variable overhead rate $5.90 per hourActual variable overhead cost $15,930 What is the raw materials price variance for the month?
Business
1 answer:
Softa [21]2 years ago
8 0

Answer:

$14,016 favorable

Explanation:

The computation of the raw materials price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 23,360 liters × ($5.40 - $4.80)

= 23,360 liters × $0.6

= $14,016 favorable

We simply deduct the actual price from the standard price and then multiplied it by the actual quantity so that actual value can come

You might be interested in
Leslie works as customer service representative for Lighthouse Point Lanterns. Her job is to fulfill customer orders and answer
GenaCL600 [577]

Answer:

a performance reward.

Explanation:

A performance reward is a type of employee reward system. Companies generally reward employees in an attempt to motivate them to work more, harder or more efficiently. E.g. a company may reward salespeople that close 100 sales per week, regardless of the type of sales made. This type of reward is based on the gross amount of work carried out by the employee.

In Leslie's case, she is being rewarded for being an efficient employee. The parameter for measuring her efficiency is that 80% of the test calls that she makes are handed properly. She is not rewarded on the number of test calls, but instead on how she handled them.

4 0
2 years ago
Rice and potatoes are substitutes in consumption. If the price of rice rises and there is a bumper crop of potatoes, in the mark
soldi70 [24.7K]

Answer:

a) equilibrium price to rise, fall, or stay the same and equilibrium quantity to rise.

Explanation:

Substitute goods are goods that can be used in place of each other.

If the price of rice rises, consumers shift to the consumption of potatoes. Price and quantity demanded of potatoes increases

The bumper harvest increases supply of potatoes. Price falls and quantity increases.

The effect on equilibrium quantity of potatoes would be indeterminate but equilibrium quantity would rise.

I hope my answer helps you

4 0
2 years ago
Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or
Jlenok [28]

Answer: Dina's labor the car wash dina receives the $300 per week and charles earns working for spotless car wash

Explanation: The flow from a firm to a household can be in the form of goods and services purchased by the household or in the form of flow of factor income to the household. Out of the given options, Dina's labor in the car wash and Charles earning from spotless car wash represent a flow of income from the firm to the households. While, Charles spending on airline tickets represent a flow from the household to the firm in the form of expenditure for buying a service. So, a and b are correct.  


4 0
2 years ago
The Square Box is considering two independent projects, both of which have an initial cost of $18,000. The cash inflows of Proje
Liula [17]

Answer:

The Square Box should accept Project B only

Explanation:

Square Box should decide the project whose Net present value (NPV) of future cash inflow is higher than the initial cost of investment

NPV of cash inflow from Project A = 3,000/(1+12%)+7,000/(1+12%)^2+10,000/(1+12%)^3 = $15,377, lower then initial cost of $18,000 → deny Project A

NPV of cash inflow from Project B = 3,000/(1+12%)+7,000/(1+12%)^2+15,000/(1+12%)^3 = $18,936, higher then initial cost of $18,000 → accept Project B

6 0
2 years ago
Barbara went to a business dinner, and unlike her colleagues who simply placed orders for "red" wine, Barbara requested a bottle
const2013 [10]

Answer:

Cultural capital

Explanation:

Cultural capital consists of knowledge about artistic trends and cultural acts that one can use to establish oneself in society, and demonstrate a particular social-standing. It also consists of tastes, preferences, and even ways of speaking, living, and moving.

The term was coined by French sociologist Pierre Bordieu. According to him, cultural capital is a form of class distinction, because the access to certain cultural products depends on variables such as race, ethnicity, income, sex, and religion.

4 0
2 years ago
Other questions:
  • What effect do my communication skills have on my ability to pursue, obtain and excel at my job?
    10·1 answer
  • At the end of its first year of operations, shapiro's consulting services reported net income of $27,000. they also had account
    12·1 answer
  • Nicholas initially invested $2,400 in a technology company. The company recently paid annual dividends of $22 and his year-end i
    14·1 answer
  • Pompeii, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000. If the ta
    14·1 answer
  • _______ These arrays inherently divide and replicate data among multiple physical drives, and increase performance and redundanc
    12·1 answer
  • ________ is conceptualized as consisting of six steps which include problem definition, developing an approach to the problem, r
    10·1 answer
  • Pelicans Ice is a snow cone stand near the local park. To plan for the? future, Pelicans Ice wants to determine its cost behavio
    10·1 answer
  • Which of the following statements is CORRECT? The time to maturity does not affect the change in the value of a bond in response
    7·1 answer
  • A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers i
    7·1 answer
  • A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!