Answer:
Results are below.
Explanation:
<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (1.96 - 1.92)*87,500
Direct material price variance= $3,500 favorable
Actual cost= 168,000 / 87,500 = $1.92
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (3,500*24 - 87,500)*1.96
Direct material quantity variance= $6,860 unfavorable
Answer:
$23,022.68
Explanation:
We are to calculate the future value of this amount using the two different interest rates and find the difference
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$19,500 (1.063)^35 = $165,462.23
$19,500 (1.069)^34 = $188,484.91
$188,484.91 - $165,462.23 = $23,022.68
Answer:
The correct answer is (a)
Explanation:
Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.
Answer:
B. he will take the second offer
Explanation:
Based on the information given in a situation where he takes the offer that help maximizes his expected utility which is the satisfaction he will derived from the service he want to rendered to his employer in which the offer is also risk-neutral due to the likely gain he will derived from rendering service then HE WILL TAKE THE SECOND OFFER reason been that the second offer has fixed salary of the amount of $25,000 including a possible bonus of the amount of $40,000 compare to the first offer which had only a fixed annual salary of the amount of $45,000.