Calculate the direct materials quantity variance based on the actual quantity used.
Compute the standard direct labor rate for October.
Total cost of purchases for October:
Actual purchase price = $2.40/lb
Actual quantity purchased = 1,125,000 lbs
Cost of actual purchases = 2.40 × 1,125,000 = $2,700,000
Direct materials price variance based on actual quantity purchased:
Standard purchase price = $2.20/lb
Actual purchase price = $2.40/lb
Actual quantity purchased = 1,125,000 lbs
Direct materials price variance = (standard price − actual price) × actual quantity= ($2.20/lb − $2.40/lb) × 1,125,000 lbs= ($0.20/lb) × 1,125,000 lbs= $225,000
Direct materials quantity variance based on actual quantity used:
Standard quantity = 980,000 lbs
Actual quantity used = 1,010,000 lbs
Direct materials quantity variance = (standard quantity − actual quantity) × standard price= (980,000 lbs − 1,010,000 lbs) × $2.20/lb= (−30,000 lbs) × $2.20/lb= −$66,000
Standard direct labor rate for October:
Actual direct labor rate = $7.60/hr
Direct labor rate variance = $5,610 F
Difference between standard rate and actual rate = $5,610 F
Total actual direct labor hours = 11,000 hours
Standard direct labor rate = Actual direct labor rate + Direct labor rate variance / Total actual direct labor hours= $7.60/hr − $5,610 F / 11,000 hrs= $7.60/hr − $0.51/hr= $7.09/hr
Direct labor efficiency variance for October:
Standard direct labor hours allowed = 12,000 hrs
Actual direct labor hours = 11,000 hrs
Direct labor efficiency variance = (standard hours allowed − actual hours) × standard rate= (12,000 hrs − 11,000 hrs) × $7.09/hr= 1,000 hrs × $7.09/hr= $7,090 (F)
Thus, the total cost of purchases for October is $2,700,000,
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which of the following will increase investment spending
A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above
Answer:
E
Explanation:
All the suggested options can increase investment spending
Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.
Optimistic business decision : Leads to more investment in potential business opportunities
Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.
Increase in business taxes : This means that companies will have to pay more on taxes
Decrease in capacity utilization : This will lead to the acquisition of more machinery and investment spending increase
Answer:A More optimistic business expectations
Explanation:
A p e x
When managers assess , they understand that the organization relies on multiple areas, and one area is inhibiting the attainment of goals.
The ongoing planning, monitoring, analysis, and evaluation of an organization's requirements to achieve its goals and objectives is known as strategic management.Organizations will need to constantly evaluate their strategies for success in light of changes in business environments.
What exactly is strategic management and what is its significance?
By developing plans and policies to achieve goals and allocating resources for their implementation, strategic management provides overall direction.In the end, strategic management helps businesses gain an advantage over their rivals.
Managers use strategy to achieve one or more of the company's objectives.“A general direction set for the company and its various components to achieve a desired state in the future” is another definition of strategy.
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Which of the following is TRUE about a TCF Free Student Checking Account?
(A) The minimum deposit to open the account is $25.
(B) The monthly maintenance fee is $15 per month.
(C) The account earns interest, which makes this a good savings account too.
(D) There is a $3 withdrawal fee for using an ATM in the TCF ATM Network.
A
The statement (A) The minimum deposit to open the TCF Free Student Checking Account is $25 is true.
TCF Bank offers a Free Student Checking Account designed specifically for students, and it requires a minimum initial deposit of $25. This means that in order to open the account, you need to deposit at least $25.
The statement (B) The monthly maintenance fee is $15 per month is false. The TCF Free Student Checking Account does not have a monthly maintenance fee. As the name suggests, this account is specifically tailored for students and is designed to be free of monthly maintenance charges.
The statement (C) The account earns interest, which makes this a good savings account too is false. The TCF Free Student Checking Account is primarily a checking account, not a savings account. Typically, checking accounts do not earn significant interest, and this account is no exception. If you are looking for a savings account, it would be best to explore other options that offer higher interest rates and features specifically designed for saving money.
The statement (D) There is a $3 withdrawal fee for using an ATM in the TCF ATM Network is false. TCF Bank offers free access to their extensive network of ATMs for their account holders. As long as you use an ATM within the TCF network, there should not be a fee associated with withdrawals.
In summary, the true statement about the TCF Free Student Checking Account is that the minimum deposit to open the account is $25. The account does not have a monthly maintenance fee, does not earn interest, and does not charge a withdrawal fee for using an ATM within the TCF ATM Network.
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describe the factors associated with maintenance costs incurred by employing an enterprise resource planning (erp) system. more than one answer may be correct.
The Benefits Of enterprise resource planning (ERP) system:
1. System complexity: The more complex the ERP system, the more costly it will be to maintain.
2. Length of the contract: Longer contracts typically incur higher maintenance costs.
3. Training costs: Employees need to be trained to use and maintain the system, which can be costly.
4. System upgrades: Over time, the system will need to be upgraded, which can be expensive.
5. Vendor support: Many ERP systems require vendor support, which can be costly.
6. System customization: Customizing the system to fit the company’s needs can be expensive.
7. System scalability: The system must be able to scale to fit the company’s changing needs, which can be costly.
What is ERP?
The integrated management of key business processes, frequently in real time, is known as enterprise resource planning (ERP). ERP is typically referred to as a class of business management software that allows an organisation to gather, store, manage, and interpret data from numerous business activities. It is typically a suite of integrated applications. ERP systems may operate locally or in the cloud. Due to the ease with which information is now accessible from any location with Internet access, cloud-based applications have increased in popularity in recent years. On-premise ERP systems from the past are now viewed as outdated technology.
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Which is the first central bank in the world Mcq?
Answer:
In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank.
Hope This Helps You if it Doesn't Sorry And Have a Nice Day. : )
What is the maximum amount of work-related child and dependent care credit that may be claimed for 2022 by a taxpayer who has three qualifying persons?
The maximum amount of work-related expenses you can take into account for purposes of the credit is $16,000 if you have two or more qualifying persons. But if there is one qualifying person, the maximum amount will be $8,000.
The child and dependent care credit generally can be defined as a tax credit that may help you pay for the care of other dependents (qualifying persons) and also eligible children. The income and a percentage of expenses that you incur for the care of qualifying persons to enable you to attend school, go to work, and also look for work, is calculated to determined the child and dependent care credit.
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Which step directly follows "loss of jobs” in the stagflation cycle?
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
the owners of blazing pitchforks, a family-owned farm supply outlet in a rural community, are concerned over the news that a large retailer specializing in farm and garden products is building a new store on the other side of town. according to a swot analysis, this new retailer is an organizational ________ to blazing pitchforks.
Answer:
Threat
Explanation:
According to the SWOT analysis, this new retailer is an organizational threat to Blazing Pitchforks.
SWOT analysis is a management tool that helps an organization to analyze its strategic position in the market in relation to its:
microenvironmentmacroenvironmentSWOT analysis is an acronym that stands for:
StrengthWeaknessesOpportunitiesThreatsIn relation to the organizational environment.
In the internal environment, the strengths and weaknesses that it is possible to control through the management of resources and capabilities, such as:
marketing financeproduction organizationAre analyzed for strategic development that results in a competitive advantage over competitors.
The external environment, on the other hand, corresponds to factors outside the organizational limit, which it is not possible to control but which have some impact on its activities, such as economic, political and entry of new competitors, such as the large retailer which will compete with the Blazing Pitchforks, which may impact its profitability.
Therefore, it is necessary to monitor the external environment, opportunities and threats, for the development of an adaptable and innovative strategic plan to reduce negative impacts related to the external environment.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Consider the following goal: "I'm going to earn $10,000 this month, working part
time at the fast food restaurant (up from $234 last month).” Why would this NOT be
considered a SMART goal?
a) It is not specific
b) It is not measurable
c) It is not attainable
d) It is not time-bound
who takes music class
I use to take music class
Answer:
I do
Explanation:
Which of these are required to calculate the current value of a bond? Check all that apply.
-applicable market rate
-coupon rate
-par value
-Price at the time of bond issue
-Time remaining to maturity
To calculate the current value of a bond, you need to know the applicable market rate, the coupon rate, the par value, the price at the time of bond issue and the time remaining to maturity.
The market rate is the current rate of return that investors receive when they purchase bonds in the form of interest payments. The set interest rate that the bond's issuer must pay to the bondholder is known as the coupon rate.
The price at the time of bond issuance is the amount investors paid for the bond when it was initially issued. The par value is the bond's face value.
Last but not least, the length of time left before the bond matures and is returned to the bondholder. You can determine the current value of a bond by knowing all of these elements.
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Select the correct answer from each drop-down menu.
Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they probabilistic?
The
type of flow chart has a fixed duration for production activities. The
type has a probabilistic duration for production activities.
Whereas the random (or probabilistic) form of flowchart scheduling approach has a probabilistic length for production activities, the deterministic type has a definite time for product activities.
How do you define a product?Definition: The object being sold is referred to as a product. Goods can be either services or things. It might show up physically, virtually, or online. Every product has a cost associated with it, as well as a price. The price that can be charged is influenced by the market, the quality, the promotion, and the target audience.
Why is by-product important?By-product definition in English. anything that results from the creation of another item, or something unanticipated that occurs as a result of another thing.
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In 1983, a hardcover dictionary cost $145. 75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent. A. $354. 75 b. $304. 62 c. $254. 75 d. $209. 00 Please select the best answer from the choices provided A B C D.
Therefore, the best answer is B. $304.62, which is the rounded value of $306.06 to the nearest cent.
The Consumer Price Index (CPI) helps to calculate the inflation rate that is used to adjust the value of currency.
We can use the following formula to calculate the current cost of a hardcover dictionary:
New cost = (Cost at the old time * Current CPI) / CPI at the old time
Let's solve for the new cost of the hardcover dictionary:
New cost = (145.75 * 209) / 99.6
New cost = 306.06
So, the hardcover dictionary would cost approximately $306.06 today.
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5 role of development banks in economic development
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
critically discuss how career and study choices are influenced by the following socio-economic factor: availability of finances/affordability
Answer:
availability of financial/affordability
Explanation:
it's enables you to make more money for the growth of the community so we study it that way
Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.
If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
The amount businesses have left after paying their rent, interest on debt, and employee costs is called profits.
True
False
Answer:
Answer above mine is incorrect, real answer is TRUE
Explanation:
suppose the equilibrium aggregate price level is rising and the equilibrium level of real gdp is falling. which of the following most likely caused these changes? a. there is a decrease in government spending. b. labor unions successfully negotiate an increase in nominal wages for their workers. c. congress decides to reduce purchases of new weapon systems. d. a recession overseas causes foreigners to buy fewer u.s. goods.
When the equilibrium aggregate price level rises and the equilibrium level of real GDP falls, the most likely cause is "labor unions successfully negotiate an increase in nominal wages for their workers." The aggregate demand curve and aggregate supply curve, which determine the equilibrium price level and real GDP, are affected by many variables. The equilibrium aggregate price level rises and the equilibrium level of real GDP falls when there is a decrease in the amount of goods and services demanded or an increase in the cost of production.For instance, labor unions successfully negotiating an increase in nominal wages for their workers is the most likely cause of a rising equilibrium aggregate price level and a falling equilibrium level of real GDP.
As nominal wages rise, labor costs increase, resulting in a leftward shift of the short-run aggregate supply curve. This leads to a higher equilibrium aggregate price level and a lower equilibrium level of real GDP. Thus, labor union negotiation is the most likely reason for these changes to occur.The other options do not have the same effect on the short-run aggregate supply curve, and thus, are less likely to cause these changes. Decreasing government spending would cause a decrease in the aggregate demand curve, and a recession overseas would cause a decrease in the amount of goods and services exported. Congress reducing purchases of new weapon systems would cause a decrease in government purchases and therefore have a minor effect on the aggregate demand curve. Therefore, the answer to the question is labor unions successfully negotiate an increase in nominal wages for their workers.
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Select the two statements about owners of equity in a business that are TRUE.
1.Contractors own equity.
2.A Partner owns equity.
3.All stakeholders own equity.
4.Founders own equity.
Answer:
2 and 4
Explanation:
Contractors are people who work for the company, but are not employees. They don't own equity.
A partner is one of the shareholders in a company, and owns equity.
Stakeholders are anyone with an interest in the company's success, including its clients. They don't necessarily own equity.
The founder owns all of the equity until she takes on partners, who then own part of the equity.
A Partner owns equity and Founders own equity are the two statements about owners of equity in a business that are TRUE. The correct option is 1 and 2.
Equity in a company refers to ownership interests. Equity is typically held by partners and founders to represent their ownership stake in the business. While founders are the original creators or co-creators of the business, partners are people who share ownership and responsibility in a business venture.
On the other hand, contractors may offer services to the company but usually do not hold ownership rights. The phrase "all stakeholders" refers to a wide range of people and organizations that are impacted by the business, including staff members, clients, vendors and investors. Despite the fact that some stakeholders may have equity ownership not all of them will. As a result the statements that partners and founders own equity in a business are true.
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the workers in herzberg's studies found which three factors of the job environment were not motivators for them? sense of achievement job security friendly supervisors pay earned recognition
Success, recognition and responsibility are motivational factors. Salary and safety belong to the Hygiene factors category. Both motivational and hygiene factors are part of Herzberg's two-factor theory.
The hygiene factor refers to the features associated with occupational accidents. People will not be satisfied or dissatisfied after the problems have been properly resolved. Then you need to focus on the factors that lead to success, satisfaction, such as achievement, recognition and responsibility, if you want to inspire your team. "Hygienic factors" are what Herzberg believed to be the main causes of unhappiness. Get rid of them Determinants of satisfaction Factors influencing dissatisfaction with results Recognition of the project itself Responsibility Progress Growth Company practices Supervision Relationship with supervisor and peers Situation at work Achievements Salary status Security Herzberg argues that the elements that contribute to job happiness are "distinct and distinct from those , which contribute to job dissatisfaction.” So while trying to eliminate unsatisfactory working conditions may bring peace of mind, performance may not necessarily improve.
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At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?
Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...
Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.
What is firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.
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suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1907. it is now 2020. note: for all requirements, do not round intermediate calculations. round your answer to 2 decimal places. if your great-grandfather invested $1,000 in 1907, how much would that investment be worth today? if an investment in 1907 has grown to $1 million, how much was invested in 1907?
Assuming a constant compound interest rate of 5% over the entire period, the investment would be worth around $31,431.04 in 2020, and approximately $11,745.15 was invested in 1907 to increase to $1 million.
To calculate the value of the investment in 2020, we can use the formula for compound interest:
Future Value = \(Present Value × (1 + Interest Rate)^Number of Periods\)
In this case, the interest rate is 5% or 0.05, the number of periods is 2020 - 1907 = 113 years, and the present value is $1,000.
Using the formula, we can calculate the future value of the investment:
Future Value = $1,000 × (1 + 0.05)^113
Using a calculator, the future value is approximately $31,431.04. Therefore, the investment would be worth around $31,431.04 today.
To find out how much was invested in 1907 and if it has grown to $1 million, we need to rearrange the formula:
Present Value = \(Future Value / (1 + Interest Rate)^Number of Periods\)
Substituting the values into the formula:
Present Value =\($1,000,000 / (1 + 0.05)^113\)
Using a calculator, the present value is approximately $11,745.15. Therefore, around $11,745.15 was invested in 1907 to grow to $1 million.
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Explain Societal benefits of Apple as a first mover company.
Societal benefits of Apple as a first mover company include technological innovation, job creation, economic growth, improved consumer experiences, and the stimulation of competition leading to further advancements.
As a first mover, Apple's technological innovations have revolutionized industries, improving productivity and enhancing communication and entertainment for individuals worldwide. The company's success has also created numerous job opportunities, contributing to economic growth. Apple's products and services have set high standards, inspiring competition and driving further advancements, benefitting society through improved technology and consumer experiences.
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for each scenario, determine which bias is preventing a price index constructed 15 years ago from measuring the true cost of living. a. a typical family owns more cell phones and fewer landline telephones than it did a decade ago. the average price of a cell phone plan is lower than that of a residential line.
A bias of that magnitude would cause the growth of quantities deflated by the CPI, such as real wages, to be understated by 19 percent. Bias of this magnitude substantially affects how we assess the growth of our economy and the well-being of its members.
What bias is preventing a price index constructed?This level of bias has a significant impact on how we evaluate the expansion of our economy and the welfare of its constituents.
A skew of that magnitude would understate the increase in items like real earnings that are deflated by the CPI by 19%.
Therefore, Since the publication of the study in 1996, BLS has made certain methodological adjustments.
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This is accounting. HELP PLEASE I'M BEGGGING
How does GAAP help businesses internally?
A. it assists taxing authorities on how much to tax them.
B. It gives imvesters a better idea on the progress of a business.
C. It helps managers improve analyis an make strategic decisions.
D. It helps suppliers know they will receive the money they owe.
Answer:
I believe the answer is B
Explanation:
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Describe international events that could affect the number and types of jobs in a country
Answer and Explanation:
The international events that can affect the number and type of employment in a country are:
International crises: Crisis in the financial sector of partner countries can affect the availability of employment in another country in a very intense way. As we know, countries need to export products to each other, when one of the importers suffers a financial crisis and stops importing, there may be a decrease in the commercial production of the exporting country, which may close factories and stop the production of products as a result.
Political instability: It can cause the same as international crises, mainly due to the devaluation of the currency that occurs in countries with instability.
Partnerships and political conflicts: Partnerships between countries promote great trade between them. This will mean that countries need to produce products and services in greater quantity and therefore hire more people. Political conflicts, however, can have the opposite effect. In addition, political conflicts between two countries may cause other countries to stop exporting products in support of the allied country.
Economic sanctions: These are impositions that the most powerful countries impose on the least powerful countries, preventing a certain product from being produced or exported. Without exports, the production of the product falls. This affects the number of producing companies and the number of job openings.
Sammy owns a landscape development company. the majority of his clients want to upgrade their yards. they are normally young, married and have moderate incomes. what kind of social media platform would be best for promoting his latest landscaping projects to more people like his current clients
Based on the demographic of Sammy's current clients, a social media platform like social media would be the best choice for promoting his latest landscaping projects to more people like his current clients.
social media is a widely used platform that has a broad range of users, including many young adults and families with moderate incomes. This platform is ideal for sharing pictures and descriptions of landscape projects and communicating with potential clients through messaging and comments.
social media is a visually-driven social media platform that can also be effective for promoting landscape design projects. It has a younger user base, including many young adults and families, making it an ideal platform for reaching Sammy's target demographic
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