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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

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vovangra [49]

Answer:

Correct Answer is (B)

Explanation:

We look at the objectives the government has in mind to achieve;

- stability in international trade

- stability in investment

Which of the listed policies will achieve these goals?

- the tool here used to control international trade is foreign exchange trading

- the tool used to control investment is interest rate

To achieve stability in these 2 indicators, both tools should be controlled. Thus the monetary policy & exchange rate regime to choose here is:

Controlling the interest rate in the country and imposing restrictions on foreign exchange trading.

Option (C) won't suffice because an independent monetary policy is necessary.

5 0
2 years ago
Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol
Andrei [34K]

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

3 0
2 years ago
​rose, a human resource manager in a consulting firm, proposes an initiative to the management that would facilitate the promoti
skad [1K]
I would say that Rose's idea is based on an analysis of the seniority of the employees and the time between their promotions and apparently is to help the longer term employees to obtain promotions and thus encourage them to strive to become even better employees perhaps in new positions.
6 0
2 years ago
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Grefrath Corporation is developing direct labor standards. A particular product requires 0.71 direct labor-hours per unit. The a
Dimas [21]

Answer:

Direct labor hour per unit= 0.87 hours

Explanation:

Giving the following information:

A particular product requires 0.71 direct labor-hours per unit.

The allowance for breaks and personal needs is 0.04 direct labor-hours per unit. The allowance for cleanup, machine downtime, and rejects is 0.12 direct labor-hours per unit.

<u>The total direct labor hour per unit is the time required to produce one unit.</u>

Direct labor hour per unit= 0.71 + 0.04 + 0.12

Direct labor hour per unit= 0.87 hours

6 0
2 years ago
Whays the difference in price beyween buying 10 jackets and buying 11 jackets
Mama L [17]
You have 1 more jacket with 11 jackets
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