The standardized shipping container, along with the BLANK to enable it to be integrated into companies’ processes, made it much easier to transport goods around the world, by eliminating the need to repack them every time the mode of transportation changed. This illustrates the key role of BLANK and integrated systems for managing it as factors of production.


Fill in the blanks.


Options:

supply chain management

consumption

inspect

physical capital

natural resources

human capital

transport ship

Answers

Answer 1

Answer:

1. supply chain management and 2nd blank is physical capital

Explanation:

Answer 2

The standardized shipping container, along with the supply chain management enables it to be integrated into companies’ processes, making it much easier to transport goods around the world, by eliminating the need to repack them every time the mode of transportation changes. This illustrates the key role of physical capital and integrated systems in managing it as a factor of production.

What is Supply Chain Management?

SCM is the integrated planning and execution of processes needed to control the flow of goods, information, and capital investments in activities that broadly include demand planning, product sourcing, production, inventory management and storage, transportation — or logistics — and exchanging overstock or defective goods.

Today's supply chains must be managed using technology, and ERP suppliers provide modules that concentrate on important SCM tasks. There are additional vendors of business software who specialize in SCM.

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Related Questions

Jenny has a $62,700 basis in her 50 percent partnership interest in the JM Partnership before receiving any distributions. This year JM makes a proportionate operating distribution to Jenny of a parcel of land with an $93,000 fair value and a $80,500 basis to JM. The land is encumbered with a $38,250 mortgage (JM's only liability). What is Jenny's basis in the land and her remaining basis in JM after the distribution

Answers

Answer:

$80,500 land basis, $1,325 JM basis.

Explanation:

Calculation to determine Jenny's basis in the land and her remaining basis in JM after the distribution

Based on the information given Jenny transferred basis in the land will be the amount of $80,500 while Her remaining basis in JM on the other hand will be the amount of $1,325 which is calculated as:

Predistribution basis in JM $62,700

Add deemed contribution $19,125

(50%*$38,250)

Less: basis allocated to land ($80,500)

Remaining basis in JM $1,325

Therefore Jenny's basis in the land and her remaining basis in JM after the distribution will be :$80,500 land basis, $1,325 JM basis.

Which precaution should you take while working on a computer?
A.
Hold the connecting wires and not plugs when connecting and disconnecting.
B.
Maintain a cool temperature to avoid sweating.
C.
Keep all the screws you remove in a container because you want to use them on any device.
D.
Leave wires loose because they allow proper circulation of air.

Answers

Answer:

D.

Leave wires loose because they allow proper circulation of air.

Answer:

B

Explanation:

100% on PLATO

1. Which of the following is not a renewable resource?
a. Energy resources
b. Fossil Fuel
c. Natural gas

Answers

Answer:

fossil fuels

Explanation:

Although fossil fuels are continually formed by natural processes, they are generally classified as non-renewable resources because they take millions of years to form and known viable reserves are being depleted much faster than new ones are generated.

Answer:

B.

Fossil Fuel

Explanation:

Energy resources

Energy (such as ethanol), hydropower, geothermal power, wind energy, and solar energy. Biomass refers to organic material from plants or animals. This includes wood, sewage, and ethanol (which comes from corn or other plants).

Fossil Fuel

Energy sources, including oil, coal, and natural gas, are non-renewable resources that formed when prehistoric plants and animals died and were gradually buried by layers of rock. Over the past 20 years, nearly three-fourths of human-caused emissions came from the burning of fossil fuels.

Natural gas

It's considered renewable because of how easy it is to make, especially compared to nonrenewable energy sources like fossil fuels. As long as you have livestock matter or landfill materials, you can make more biomethane.

Sasha is a healthcare provider who learns that one of her patients has strict beliefs about certain medications, and is refusing them. Sasha makes sure her patient is not given any of those medications, and visits the patient to discuss any other healthcare preferences.

Based on this information, what could be concluded about Sasha’s behavior?]

Sasha is afraid that her patient will act violently if his requests are not honored.

Sasha is prejudiced against patients from foreign countries.

Sasha is practicing holistic care.

Sasha is treating the patient more kindly than she treats other patients.

Answers

Answer: Sasha is practicing holistic care.

Explanation:

Based on the information given, we can conclude that Sasha is practicing holistic care.

Holistic care simply means caring for patients based on the mutual understanding regarding the emotional, physical, and psychological dimensions.

Holistic care us important in order to make patients recover quickly. In this case, Sasha wants to know the preference of the patients in order to lead her to recovery and not compound to the patient's issues.

Warp Manufacturing Corporation uses a standard cost system to collect costs related to the production of its ski lift chairs. Warp uses machine hours as an overhead base. The variable overhead standards for each chair are 1.2 machine hours at a standard cost of $18 per hour. During the month of September, Warp incurred 34,000 machine hours in the production of 32,000 ski lift chairs. The total variable overhead cost was $649,400. What is Warp's variable overhead spending variance for the month of September?

a. $37,400 unfavorable
b. $41,800 favorable
c. $79,200 Favorable
d. $84,040 favorable

Answers

Answer:

A. $37,400 unfavorable

Explanation:

With regards to the above, variable overhead spending variance is computed as

= (Actual hours × Actual rate) - (Actual hours × standard rate)

= $649,400 - ( 34,000 × $18)

= $649,400 - $612,000

= $37,400 unfavorable

Therefore, Warp's variable overhead spending variance for the month of September is $37,400 unfavorable

IKEA has essentially changed the way people shop for furniture. Discuss the pros and cons of this strategy, especially as the company plans to continue to expand in places like Asia and India.

Answers

Answer:

um

Explanation:

Pro: they can make more of those pop up rooms so more customers know what this certain item can look like displayed
(And I don’t know a con, sorry)

After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking through the store and stockrooms, you find a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once every two weeks. You choose, as your first item for study, computer printer paper. You examine the sales records and purchase orders and find that demand for the past 12 months was 5,000 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 10 boxes. You also search out these figures:

Cost per box of paper: $11.
Desired service probability: 98 percent.
Store is open every day.
Salesperson visits every two weeks.
Delivery time following visit is three days.

Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on hand?

Answers

Answer:

257 boxes

Explanation:

The computation is given below;

Daily Demand would be

= 5000 ÷ 365

Standard Deviation = 10 boxes

Lead Time = 2 Weeks + 3 Days = 17 Days

Service Level = 0.98

Reorder Point = avg(d) × LT + z ×  σd × sqrt(LT)

= 5000 ÷ 365 × 17 + 2.05 × 10 × 170.5

= 317

So, the number of boxes should be ordered is  

= 317 - 60

= 257 boxes

Cye is the sole owner of Sports World Enterprises. The company earned net operating income of $85,000 during 2018 and had a LTCL of $12,000. He withdrew $40,000 of the profit from Sports World during the year. How should he report this information if Sports World each of the following entity types (ignore the qualified business income deduction):
a. A sole proprietorship?
b. A C-Corp?
c. An S-Corp?

Answers

Answer:

Sports World Enterprises

Reporting of this information as:

a. A sole proprietorship:

Business income = $85,000

Long-term Capital Losses $12,000

Limit allowed for the year = $3,000

Personal Taxable Income = $82,000

b. A C-Corp:

Net operating income = $85,000

Long-term Capital Losses (LTCL) = $12,000

Corporate Taxable Income = $73,000

Personal Taxable Income = $40,000

c. An S-Corp:

Business income = $85,000

Long-term Capital Losses $12,000

Personal Taxable income = $73,000

Explanation:

a) Data and Calculations:

Net operating income = $85,000

Long-term Capital Losses (LTCL) = $12,000

Drawings for personal use = $40,000

b) A sole proprietorship is a business entity owned by one person.  It does not enjoy separate legal existence from the owner.  All income from different sources are aggregated and taxed at the individual tax rate.

c) A C-Corporation is a legal entity that is separate from the owner(s).  Its income is taxed at the corporate rate before distribution to the owner(s).  The distributed income to the owner(s) is also taxed at the individual tax rate.

d) An S-Corporation, while it enjoys a separate legal existence, is a special form of a corporation, whereby the earnings are passed through the owners and are taxed at the individual tax rate.

Three months ago, CSG stock was selling for $44.25 a share. At that time, you purchased three put options on the stock with a strike price of $45 per share and an option price of $1.75 per share. The option expires today when the value of the stock is $42.50 per share. What is your net profit or loss on this investment

Answers

Answer:

$225

Explanation:

Calculation to determine your net profit or loss on this investment

Using this formula

Net profit or Loss= (Strike price - Value of stock at expiration - Premium paid) x 3 x 100

Let plug in the formula

Net profit or Loss= ($ 45 - $ 42.50 - ß) x 300

Net profit or Loss= $ 225

Therefore your net profit on this investment is $225

Use the following information to answer the next two questions: On January 1, 2018, Jimbo Enterprises purchased new equipment for its training center. The equipment cost $220,000. Jimbo paid $25,000 down and is required to pay the rest in semiannual installments for the next 8 years. Jimbo's cost of borrowing is 4%.

Required:
a. What is the amount of the semiannual payment Jimbo will make every six months?
b. What is the total amount of interest expense Jimbo will pay over the life of the loan?

Answers

Answer:

total loan (PV) = $220,000 - $25,000 = $195,000

n = 8 x 2 = 16

rate = 4% / 2 = 2%

FV = 0

Using a financial calculator, the payment = $14,361.77

Total amount of money paid during the 8 years = $229,788.39

Total interests paid = $229,788.39 - $195,000 = $34,788.39

On December 31, 2008, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2010, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Abbey is much more creditworthy and has various lines of credit at 6%.
Instructions
(a) Prepare the journal entry to record the transaction of December 31, 2008, for the Ed Abbey Co.
(b) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2009.
(c) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.
(d) Assume that Ed Abbey Co. elects the fair value option for this note. Prepare the journal entry at December 31, 2009, if the fair value of the note is $185,000.

Answers

Hmmmmmmmmmmmmmmmmmm, I’m confused l

5 Julie is having a hard time convincing her husband, Eric, to do a budget. His income is $35,000, but he also works a part-time job so he has extra spending money. They have credit card debt and some minor medical bills. Julie wants to get out of debt, but Eric thinks that everything is fine. Julie calls Dave on the air to discuss her situation. What does Dave tell her

Answers

they need to do need analysis of what they want and go through their budget

Explanation:

he needs to analyse the expenses, income,the balance their are left with

What are some of the ‘temptations’ a room attendant needs to resist when he/she has access to a guest’s room?

Answers

By room attendant, u mean housekeepers? If so touching any personal items, stealing, snooping, etc.

Touching any personal items, stealing, snooping, etc. are some of the ‘temptations’ a room attendant needs to resist when he/she has access to a guest’s room.

What is the role of the room attendant?

To ensure that visitors have a pleasant and comfortable stay, room attendants are in charge of cleaning and maintaining guest rooms. They make sure that every room is welcoming and spotless, and they respond to all visitor inquiries courteously and intelligently. At a number of locations, including hotels, restaurants, parking garages, outdoor facilities, and retail stores, attendants carry out a range of customer support and service activities.

They help clients, offer information, and guarantee a well-run business. To make sure that guests are satisfied, we treat everyone with civility, respect, and a helpful, kind attitude. ensuring a high level of conduct in conformity with standardized rules. cleaning the staff housing areas as instructed by the housekeeper.

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Innovation takes dedicated effort and resources, and organizations that are successful at it tend to be set up in ways that naturally foster innovation.

a. True
b. False

Answers

Answer:

a. True

Explanation:

Innovation is an essential concept for today's companies, which need to position themselves and stand out in a globalized and highly competitive market.

Therefore, it is correct to say that innovation is a strategy that companies use to develop their processes and organizational systems, in order to keep up to date with market and consumption patterns, exceeding the expectations of their stakeholders. Despite demanding continuous effort and resources, innovation starts to be naturally increased in the companies that develop it, because it impacts the organizational culture in a positive way, generating greater creativity, productivity and continuous improvement of all organizational processes, which impacts on the positioning of the company in the market and its profitability.

On January 1, a company issues bonds dated January 1 with a par value of $620,000. The bonds mature in 3 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $596,000. The journal entry to record the first interest payment using straight-line amortization is: Multiple Choice Debit Interest Expense $17,700; debit Discount on Bonds Payable $4,000; credit Cash $21,700. Debit Interest Payable $21,700; credit Cash $21,700. Debit Interest Expense $25,700; credit Discount on Bonds Payable $4,000; credit Cash $21,700. Debit Interest Expense $21,700; credit Premium on Bonds Payable $4,000; credit Cash $17,700. Debit Interest Expense $21,700; credit Cash $21,700.

Answers

Answer:

Debit Interest Expense $25,700; credit Discount on Bonds Payable $4,000; credit Cash $21,700.

Explanation:

The journal entry to record the first interest payment is given below:

Bond interest expense $25,700

          To Discount on bond payable (($620,000 - $596,000) ÷ 6 years) $4,000

          To Cash ($620,000 × 7% ÷ 2) $21,700

(being the first interest payment is recorded)

Here interest expense is debited as it increased the expense and credited the discount and cash as it decreased the liabilities and assets

Fees earned $942,135 Office expense 216,690 Miscellaneous expense 18,845 Wages expense 452,225 Accounts payable 23,555 Accounts receivable 65,950 Cash 252,875 Common stock 135,000 Land 301,000 Supplies 11,305 Cash dividends of $35,800 were paid during the year. Retained earnings as of June 1, 20Y5, were $254,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.

Answers

Answer and Explanation:

The preparation of the balance sheet as on May 31, 20Y6 is as follows:

Assets

Cash $252,875

Accounts receivable $65,950

Supplies $11,305

Land    $301,000

Total Assets $631,130

Liabilities  

Accounts payable $23,555

Common Stock $135,000

Retained earnings (see working below) $472,575

Total Liabilities $631,130

Working note

For retained earnings first determine the net loss or net income as the case may be

= Fees earned - office expense - miscellaneous expense - wages expense

= $942,135 - $216,690 - $18,845 - $452,225

= $254,375

Now the ending retained earning balance is

= opening retained earning balance + net income - dividend paid

= $254,000 + $254,375 - $35,800

= $472,575

In June 2019, the average price of a cup of coffee in Venezuela was 6,500 bolivars; in June 2018, the average price was just 8 bolivars. This represents an 81,150% increase in the price of a cup of coffee for Venezuelans, who have seen similarly dramatic increases in the prices of nearly everything they buy. How might this experience of inflation impact inflation going forward

Answers

Answer:

d. causes inflation expectations to rise, which in turn causes still higher inflation

Explanation:

Missing word "Higher inflation: a. makes most goods and service unaffordable, causing a decrease in demand that leads to falling prices, b. creates a price bubble that ultimately bursts, causing the prices of most goods and services to fall, c. causes inflation expectations to fall, which in turn causes inflation to fall d. causes inflation expectations to rise, which in turn causes still higher inflation"

This inflation experience will most likely will continue increase using the experience as yardstick and this will be a case of hyper inflation where the inflation rates are so high that is goes out control in economic perspective. In hyper-inflation situation, prices of goods and services may increase and continue to do in hourly basis.

[tex]A bond for J. Morris, Inc. a coupon rate of 6%. The yield to maturity is 7%. The bond has a remaining life of 20 years and makes semi-annual coupon payments? What is the present value of the bond s face value?[/tex]A bond for J. Morris, Inc. a coupon rate of 6%. The yield to maturity is 7%. The bond has a remaining life of 20 years and makes semi-annual coupon payments? What is the present value of the bond s face value?

Answers

Answer:

masjid DC jeans he shrugged egg kt

Explanation:

gggui it r ET UT yeah DJ it's CNN kf

Real estate property taxes generally range from 1 to 4 percent of the value of the home.
a. True
b. False

Answers

Answer:

true

Explanation:

it is true about the number of percentage

ABC developed a new horse transport device and incurred research and development costs of $250,000. Rather than continue with their own research, ABC decided to purchase a patent for a similar design from Vail, Inc. for $350,000. What are the total assets and expenses for these developments

Answers

Answer:

Total Assets $350,000

Expenses $250,000

Explanation:

The company (ABC) has spent on research and development costs of $250,000. These costs are associated on the assets which are currently under development and benefit of which would be derived in the near future. Therefore, in the accounting treatment these costs will be recorded as expense.

The patent is considered as an intangible asset. This is due to the fact that they do not have any physical substance and provides benefit in the long run for the company who owns them. Their treatment in which case would be same as any intangible asset. ABC should treat the purchasing of patents as asset.

Hence, research and development costs incurred for new horse transport is expenses at $250,000 and the purchasing of patents would be recorded as an asset at $350,000.

6) Custom home operates three different departments. The company makes decorative comforters, pillowcases, and tablecloths in a small factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the factory supervisory salaries be classified

Answers

Answer: B. Indirect and fixed

Explanation:

Direct costs in the production of 2,000 comforters would be those that were needed to convert the materials needed in the production to finished comforters such as clothing and assembly labor.

A factory supervisor is not directly involved in this process as their job is simply to monitor workers. They are therefore an indirect cost. The salaries do not change based on the level of production so these costs are fixed as well.

Consider the economy of Czech Republic and suppose relative PPP and the quantity theory of money hold. Suppose you expect the rate of money growth of Czech Republic in the 2021 to be around 4% while your forecast for its real GDP growth is at 1%. Suppose inflation in the UK is expected to be at 2%. Currently, Czech National bank has a floating exchange rate.

Required:
Calculate inflation in Czech Republic.

Answers

Answer:

3%

Explanation:

Calculate the inflation in Czech Republic

Expected Rate of money growth of Czech republic in 2021 = 4%

Forecast for real GDP growth = 1%

we will use the Monetary approach to calculate inflation in Czech

Using QTM:   M+V = P+Y  ( M = 4% , Y = 1% )  assume change in V = 0

P ( inflation  )  =  4% - 1%   = 3%

The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.3 hours Standard labor rate $ 17.80 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,300 hours Actual total labor cost $ 112,770 Actual output 1,400 units Required: a. What is the labor rate variance for the month

Answers

Answer:

See below

Explanation:

With regards to the above, labor rate variance is computed as;

Direct labor rate variance = (Standard rate - Actual rate) × Actual quantity

Given that;

Standard labor rate per hour = $17.8

Actual hours worked = 6,300

Actual total labor cost = $112,770

Actual rate = $112,770/6,300 = $17.9

Therefore,

Direct labor rate variance = ($17.8 - $17.9) × 6,300

= $630 unfavourable

at is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. $ fill in the blank 2 million What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations. $ fill in the blank 3 million Suppose Dantzler has $119 million of debt and 5 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250. $ fill in the blank 4

Answers

Answer:

a. Horizon Value = $856 million

b. Firm’s value today = Value of Firm = $641.61 million

c. Current Price per Share = $32.72

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Dantzler Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFS) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dantzler's WACC is 12%.

Year    FCF ($ millions)

0                    -

1                    -$18

2                    $25

3                    $40

a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. million

b. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations. million

c. Suppose Dantzler has $20 million of debt and 19 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250.

The explanation of the answers is now given as follows:

a. What is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. million

Horizon Value = Year 3 FCF * (100% + Constant growth rate) / (WACC – Constant growth rate) = $40 * (100% + 7%) / (12% - 7%) = $856 million

b. What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations. million

Value of Firm = (Year 1 FCF /(100% + WACC)^1) + (Year 2 FCF / (100% + WACC)^2) + ((Year 3 FCF + Horizon value) / (100% + WACC)^3)

Value of Firm = (-18/(100%+12%)^1+(25/(100%+12%)^2)+((856+40)/(100%+12%)^3))

Value of Firm = $641.61 million

c. Suppose Dantzler has $20 million of debt and 19 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250.

Current Price per Share = (Value of Firm – Debt) / Number of shares of stock outstanding = (641.61 - 20) / 19 = $32.72

Marco works as a freelance science writer. He wants to improve his productivity. Which of the following steps is he most likely to take? (5 points)

Group of answer choices

Build a website highlighting his expertise and publications

Take a week off to relax and play video games

Invest in a better computer and a faster Internet connection

Take out an advertisement for his services

Answers

Answer:

its c and dont remove it this time eroupa

Explanation:

Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of Spam costs 4 dollars in Ectenia and 24 pesos in Wiknam. What is the exchange rate between Ectenian dollars and Wiknamian pesos

Answers

Answer:

the exchange rate between two different currency is  6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of  spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is  6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

Suppose a pizza parlor has the following production​ costs: ​$ in labor per​ pizza, ​$ in ingredients per​ pizza, ​$ in electricity per​ pizza, ​$ in restaurant rent per​ month, and ​$ in insurance per month. Assume the pizza parlor produces pizzas per month. What is the variable cost of production​ (per month)? The variable cost of production is ​$ nothing. ​(Enter your response as an​ integer.)

Answers

Answer:

the variable cost of production​ (per month) is $21,000

Explanation:

The computation is shown below:

The variable cost per month is

= Number of pizza produced per month × (labor per pizza +  in ingredients per​ pizza + in electricity per​ pizza )

= 5,000 × ($3.00 + $1.00 + $0.20)

= 5,000 ×  $4.20

= $21,000

Hence, the variable cost of production​ (per month) is $21,000

Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds. The actual purchase price per pound of materials was $2.25. The company produced 13,000 units of finished goods during the period. What is the materials spending variance

Answers

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

To calculate the direct material price (spending) variance, we need to use the following formula:

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

Direct material price variance= (2 - 2.25)*50,000

Direct material price variance= $12,500 unfavorable

The relationship between a product line and product mix is Multiple Choice there is no significant difference other than minor product variations of color, size, or form. product lines refer to consumer products; product mixes refer to business products. product lines include product mixes. product mixes refer to consumer products; product lines refer to industrial products. product mixes include product lines.

Answers

Answer:

product mixes include product lines.

Explanation:

The product line is a group of products that are interrelated as they satisfy the needs and also they are used together and are sold to the similar customer group via similar outlets

It involved the product line that are offered by the company

Therefore according to the given situation, last one is correct answer

And, the same would be relevant

The aggregate demand curve is downward sloping because as the price level increases the purchasing power of wealth decreases purchasing power of wealth decreases A demand for imports decreases demand for imports decreases B demand for interest-sensitive expenditures increases demand for interest-sensitive expenditures increases C demand for domestically produced substitute goods increases demand for domestically produced substitute goods increases D real value of fixed assets increases

Answers

Answer:

A

Explanation:

The aggregate demand curve is a graph that represents the  total quantity of all goods and services demanded by the economy at different price levels.

The aggregate demand curve slopes downward because

wealth effect on consumptionthe interest rate effect on investmentthe international trade effect on net exports.

If price level decreases, wealth decreases. As a result, import becomes more expensive and export decreases. This leads to a downward slope of the demand curve

Other Questions
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