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Dafna11 [192]
2 years ago
7

The standards for product V28 call for 8.6 pounds of raw material that costs $19.00 per pound. Last month, 2,600 pounds of the r

aw material was purchased for $48,880. The actual output of the month was 270 units of product V28. A total of 2,500 pounds of the raw material were used to produce this output. The direct materials purchase variance is computed when the materials are purchased.
a. What is the material price variance for the month?

b. What is the materials quantity variance for the month?
Business
1 answer:
aliina [53]2 years ago
7 0

Answer:

A. $520 U

B.178 F

Explanation:

A.

Materials price variance = (AQ × AP) – (AQ × SP)

= $48,880 – (2,600 × $19)

=$48,880-$49,400

= $520 U

Therefore the material price variance for the month is $520U

B.

Materials quantity variance = SP(AQ – SQ*)=

$19 ($2,500 – $2,322) = $178F

Therefore the materials quantity variance for the month $178F

SQ = Standard quantity per unit × Actual output

= 8.6 × 270 = $2,322

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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500.
Doss [256]

Answer:

Dep expense for the second year 7,600

Explanation:

\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&47500\\1&47,500&9,500&9,500&38,000\\2&38,000&7,600&17,100&30,400\\\end{array}\right]

1/10 = straight-line method

straight-line x 2 = DD rate

47,500 x 2/10 = 9500

then we calculate the DD rate again with the book value

47,500-9,500 = 38,000

38,000 x 2/10 = 7,600

6 0
1 year ago
"analytic solver" ADC also is concerned about cash flow in years 2, 3, 4, and 5. Use Analytic Solver to estimate the distributio
Hatshy [7]

Answer:

is there an image that shows the amount of $

Explanation:

can't solve without knowing the amount sorry

5 0
2 years ago
The question, "What are the distinguishing characteristics of effective leaders?" sparked which approach to the study of leaders
Sergio [31]

Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

7 0
1 year ago
Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each
Alex

Complete question:

Petra owns a coffee shop. She has ten employees.In 2007, she paid her employees minimum wage ($5.85 an hour).In 2008, the minimum wage increased to $6.55 an hour.In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

Answer: $2340 ; $14,560

Explanation:

Given the following :

2007 minimum wage = $5.85/ hour

2008 minimum wage = $6.55/ hour

2009 minimum wage = $7.25/ hour

Number of Employees = 10

Number of hours = 40 hours per week for 52 weeks

Amount spent on wages per week in 2007:

Minimum wage × number of employees × number of hours per week

= $5.85 × 10 × 40 = $2340

B.)

wage increase between 2008 - 2009:

$7.25/hour - 6.55/hour = $0.7/hour

Therefore, increase in annual budget equals:

Wage increase × number of employees × number of hours per week × number of weeks

= $0.7 × 10 × 40 × 52 = $14,560

8 0
1 year ago
Read 2 more answers
7. Total Cost for Savings Piggy bank with cash Dean is planning to purchase a new Nissan Altima which costs $26,865. He has save
son4ous [18]

Answer:

The monthly deposit is calculated using PMT function :

rate = 1.2%/2 (converting annual rate into monthly rate)

nper = 12 * 5 (5 years of deposits with 12 monthly deposits each year)

pv = -3200 (Amount put into account now. This is entered with a negative sign because it is a cash outflow)

fv = 26865 (Required value of account after 5 years)

PMT is calculated to be $379.70.

The monthly deposit is  $379.70.

7 0
1 year ago
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