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Nezavi [6.7K]
2 years ago
7

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $2.50 per square

foot Direct material purchased: 30,000 square feet at $2.60 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is:
Business
1 answer:
jeka57 [31]2 years ago
5 0

Answer:

$2,000 and it is favourable

Explanation:

Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.

Standard price (SP)= $2.50

Standard quantity (SQ)= 30,000 units

Actual quantity (AQ)= 29,200 units

Material quantity variance = SP * (SQ - AQ)

Material quantity variance= 2.50 * (30,000 - 29,200)

Material quantity variance= $2,000

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Orange Superstore is largely customer centric and economical in its methods. The store sells the best quality products at prices
balandron [24]

Answer:

The correct answer is letter "D": cost advantage strategy.

Explanation:

Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.

7 0
1 year ago
A On December 31, 2017, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to
larisa [96]

Answer:

2018: $78 million

2019: $468 million

2020: $234 million

Explanation:

Given that State Construction incurred costs as follows:

Year                         Cost

2018                         $60 million

2019                         $360 million

2020                        $180 million

Total cost = $60 million + $360 million + $180 million = $600 million

Percentage to total cost ratio is:

For 2018 = $60 million / $600 million = 0.1,

For 2019 = $360 million / $600 million = 0.6,

For 2020 = $180 million / $600 million = 0.3.

Revenue = Percentage to total cost ratio × Contract price.

Contract price = $780 million

For 2018, Revenue = 0.1 × $780 million = $78 million

For 2019, Revenue = 0.6 × $780 million = $468 million

For 2020, Revenue = 0.3 × $780 million = $234 million

3 0
2 years ago
Julia started a cake decorating business last year. Unfortunately it failed quickly. She is convinced that she lacked the necess
Alex73 [517]

Answer:

C) undercapitalization

Explanation:

Clearly, Julia's cake business was undercapitalized, since she failed in the bare start. The undercapitalization issue is often associated with financial beginnings, when having the right sources of capital is crucial. Startups face significant initial costs and therefore need secure capital to cover them.

A cash flow issue is more common with businesses that are already up and running, but face challenges regarding paying debtors.

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Ivan has plenty of money to invest but so far has bought high-risk securities. Explain how Ivan could diversify and whether it i
Nookie1986 [14]

Answer:

Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.

Explanation:

3 0
1 year ago
Which of the following workers are most likely to be part of a union? (Select four answers.)
Ira Lisetskai [31]

a high school teacher,an assembly line worker,a plumber,a police woman

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