Answer and Explanation:
The computation is shown below:
Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate
= 29000 × $6.3 - (16,000 units × 2) × $6
= $182,700 - $192,000
= - $9,300 favorable
Material price variance = Actual quantity × Actual price - Actual quantity × Standard price
= (29,000 units × $6.3) - (29,000 units × $6)
= $182,700 - $174,000
= $8,700 unfavorable
Material quantity variance = Standard quantity × Actual quantity - Standard rate × Standard quantity
= $6 × 29,000 units - $6 × (16,000 units × 2)
= $174,000 - $192,000
= -$18,000 favorable
The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one
Answer:
Value added income = $75
Consumption Expenditure = $675
investing spending = 0
GDP is = $675
Explanation:
given data
jeans purchased = 60 pairs
paid = $10 for each pair
sold = 45 pairs
sold = $15 each
solution
we get here first Value added income Walmart that is express as
Value added income = value of sold - value of bought ..............1
Value added income = (15 × 45) - (10 × 60 )
Value added income = $75
and
Consumption Expenditure will be
Consumption Expenditure = (15 × 45)
Consumption Expenditure = $675
and
investing spending will be = 0
because here in this month no more investment is done
and
GDP will be final value of goods sold at month end is
GDP is = $675
Answer:
$17200
Explanation:
A balanced sheet is a statement of financial position that list the assets , liabilities and equities of an organization.
The items that affect the current asset (cash)balance in the balanced sheet for the month in the question are Cash book balance , deposit outstanding and check outstanding.
Cash book balance - 19700
Deposit outstanding - 1800
Less check outstanding - (4300)
17200
It is probably safe to say that most if not all decisions involve trade-offs. For example a person may be offered a job that pays well but requires 7 days per week for a month and while this is good for a younger person with no other commitments it may not work for an older person with his own family commitments and other projects. Another decision could be that for support, a husband decides to not take on major time consuming projects while his wife is doing intensive studying to become certified in a field of her choosing so that he can support her. Another example is that when one cannot drive one's son with a disability to a beach to swim because it is too far and uses too much car gas, the money saved on gas some of it could be spent on his groceries.
Answer:
Letter A represents the financial sector. The financial sectors channels private savings into investments.
Letter B represents the government sector. Governments finance their spending through taxes and public debt.
Letter C represents the foreign sector. Net exports = exports - imports.
Letter D represents leakages, or money that exits the economy reducing total expenditure.
