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a_sh-v [17]
1 year ago
12

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price

standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:
Business
1 answer:
givi [52]1 year ago
8 0

Answer:

Direct material price variance= $5,580 unfavorable

Explanation:

Giving the following information:

The standard price of $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable

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Bottling Company enters into a contract with Chug’s Brewery to provide certain bottling and delivery services. Before Bottling s
irakobra [83]

Answer:

B. discharged

Explanation:

Based on the information provided within the question it can be said that Bottling's contractual obligation to Chug is breached. This term refers to when a party in a contract does not meet the obligations that they agreed upon for whatever reason. Which, since Bottling decided to not perform their part of the contract due to prices becoming to high then they are breaching the contract, regardless whether or not it is due to external factors.

3 0
2 years ago
) Using the following information, what is the amount of cost of merchandise sold?
Orlov [11]

Answer:

C. 30,210

Explanation:

Cost of merchandise sold = cost of merchandise purchase - cost of merchandise left in inventory

= Purchases  of $32,000 - Purchases discounts  of $960 - Purchases returns and allowances  of $1,200 + Freight In  of $1,040

- ( Merchandise inventory  at  September 30  of $6,370 - Merchandise inventory September 1  of $5,700)

= 32,000- 960- 1,200+1,040 - 670 = 30,210

5 0
2 years ago
Samara is considering how she should handle the fact that her employer overpaid her on her last check. should she say something?
Step2247 [10]

The answer is Persuasive judgement. In this perspective, persuasive messages are thus able to activate an attitude change that can modify behaviors of consumers, voters and individuals in general. The persuasive strategies used by advertisers who want you to buy their product can be divided into three categories: pathos, logos, and ethos. Pathos: an appeal to emotion.

7 0
2 years ago
Nathan has created a chart depicting changes in the eating habits of various members of an average American family. Based on thi
vekshin1
<span>Nathan is performing the role of sales manager. By creating charts that show changes in eating habits and figuring out the new demand for fast food products, Nathan has done his job as a manager. Projecting changes and figuring out when demand will be the highest is a good way to maximize your profits. Nathan knows when they will have the highest demand and uses that knowledge to find the right prices to insure his business receives the best profits.</span>
6 0
2 years ago
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory.
Andreas93 [3]

Answer:

The amount of inventory destroyed in the tornado is $105,700

Explanation:

We know that,

Beginning inventory + purchase of inventory + Gross profit = Sales + ending inventory

$228,350 + $199,400 + $322,050 = $644,100 + ending inventory

$749,800  = $644,100 + ending inventory

So, the ending inventory equals to

= $749,800  - $644,100

= $105,700

The gross profit equals to

= Gross profit percentage × sales

= 50% × $644,100

= $322,050

The inventory is destroyed so we assume the ending inventory is destroyed which equal to $105,700

4 0
2 years ago
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