direct materials, direct labor, and factory overhead cost variance analysis mackinaw inc. processes a base chemical into plastic. standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: standard costs actual costs direct materials 222,000 lbs. at $4.80 219,800 lbs. at $4.60 direct labor 18,500 hrs. at $16.30 18,930 hrs. at $16.60 factory overhead rates per direct labor hr., based on 100% of normal capacity of 19,310 direct labor hrs.: variable cost, $3.30 $60,440 variable cost fixed cost, $5.20 $100,412 fixed cost each unit requires 0.25 hour of direct labor. required: a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answers
The direct materials price variance for Mackinaw Inc. is $8,800 (unfavorable), the direct materials quantity variance is $6,600 (favorable), and the total direct materials cost variance is $2,200 (unfavorable).
The direct materials price variance is calculated by multiplying the difference between the standard price and the actual price by the actual quantity purchased. In this case, the standard price is $4.80 and the actual price is $4.60. The actual quantity purchased is 219,800 lbs. Therefore, the direct materials price variance is ($4.80 - $4.60) * 219,800 lbs = $8,800 (unfavorable).
The direct materials quantity variance is calculated by multiplying the difference between the standard quantity and the actual quantity used by the standard price. In this case, the standard quantity is 222,000 lbs. and the actual quantity used is 219,800 lbs. The standard price is $4.80. Therefore, the direct materials quantity variance is (222,000 lbs - 219,800 lbs) * $4.80 = $6,600 (favorable).
The total direct materials cost variance is the sum of the direct materials price variance and the direct materials quantity variance. Therefore, the total direct materials cost variance is $8,800 (unfavorable) + $6,600 (favorable) = $2,200 (unfavorable).
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Related Questions
Question 3 of 25
Which of the following statements best explains why some people get life
insurance and others don't?
A. Life insurance is a cost that has no direct benefit.
B. Some people have more than one life-insurance policy.
C. Different people are willing to face different kinds of risks.
D. Some life insurance companies go out of business before you die.
Answers
Select the correct answer from each drop-down menu. when a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. businesses face because they must alter existing infrastructure to meet regulations. as a result, consumers pay for produced goods.
Answers
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Hence, Option A. is the answer.
What is the effect of government's regulations on worker safety and environmental protection?Environmental laws play a huge part in protecting humans, animals, resources, and habitats. Aside these laws, no regulations on pollution, contamination, hunting, or even response to disasters. Environmental law works to protect land, air, water, and soil.
Therefore, the correct answer is option A.
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Answer:
See image
Explanation:
Plato
Tony, the human resources manager for TopShelf Beverages, is confidentially working with line managers to lay off a significant portion of the work force, while simultaneously processing generous retention bonuses and sizeable salary increases for top executives, one of whom Tony is also investigating for corrupt management practices. Feeling conflicted, Tony remembers that human resources managers typically face greater _____________ challenges than other managers.
Answers
Answer: ethical
Explanation:
Ethics simply refers to the standard of knowing what's right and wrong. From the question, we can infer that Tiny is facing ethical challenges as his action will harm some and benefit others.
In this case, some of the workforce will be laid off while there will be an increase in salary for the top executives and one of the top executives is being investigated for corrupt practices. This is an ethical dilemma.
Which of the following explains the benefit-cost ratio best?
a.
It is mostly used by private companies who have a greater concern for the damages they cause to the environment. These companies measure the benefit and disbenefits of projects vs the cost to their owners.
b.
It is mostly used by public sector projects who have a highly political view of the world. These companies measure the benefit and disbenefits to voters versus project cost.
c.
It is mostly used by smaller companies who cannot spend their resources on calculating complex NPV or IRR. These companies simply estimate the benefit and disbenefits of projects vs the cost to their owners.
d.
It is mostly used by publicly traded companies who have a desire to show their social responsibility. These companies measure the benefit and disbenefits of projects vs the cost to their shareholders.
Answers
The benefit-cost ratio is best explained by option d, which states that it is mostly used by publicly traded companies aiming to demonstrate social responsibility. These companies evaluate the benefits and disbenefits of projects in relation to the cost to their shareholders.
The benefit-cost ratio is a financial metric used to assess the profitability and feasibility of projects or investments. It compares the total benefits derived from a project to the total costs incurred. In option d, the emphasis is on publicly traded companies that prioritize social responsibility and the interests of their shareholders. These companies utilize the benefit-cost ratio to evaluate whether the benefits of a project outweigh its costs from a shareholder perspective. It helps them make informed decisions about allocating resources to projects that align with their financial and social objectives. The benefit-cost ratio is a financial metric that compares the total benefits of a project to its total costs.
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Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answers
Thats how they make money without over pricing items
Answer:
D
Explanation:
finances
What effect would reducing income tax rates have on the interest rates of municipal bonds? A. Interest rates would rise because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds. B. Interest rates would fall because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds. C. Interest rates would fall because Treasury securities are now less valuable and more people will want to hold municipal bonds. D. Interest rates would rise because Treasury securities are now less valuable and more people will want to hold municipal bonds.
Answers
Answer:
A. Interest rates would rise because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds.
Explanation:
In the case when the income tax rate is decreased on the municipal bonds so here the interest rate would increase as there is a decrease in the income tax rate due to which there should be the tax-exempt for the municipal bonds also it is less valuable. In addition to this, it also decrease the municipal bond demand
hence, the correct option is A.
Select the correct answer.
Ling is pondering how to answer the common interview question, “Do you have any questions about the company?”
What response demonstrates that Ling has done her research?
A. How much vacation time would I be entitled to each year?
B. What is the company's typical employee turnover rate?
C. How does the company conduct performance appraisals?
D. Do you plan to expand into new product segments in the future?
Answers
Answer:
what is the company typical employee turnover rate?
describe a real or made up example of a contract that includes consideration
Answers
Answer:
It is important that all contracts include consideration in order for any agreement to be legally binding.
The example of a contract of this type is:
Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.
This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.
Explanation:
But this is not my answer I have to give credit to Brainly user keylacordoba.
You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?
Answers
Answer:i have no answer but you are making more income
Explanation:
cause
Answer:
These are the answers
Explanation:
How is net national product (NNP) calculated?
A. Saving is added to the total income of a nation's citizens.
B. Saving is added to the total income earned within a nation.
C. Depreciation losses are subtracted from the total income of a nation's citizens.
D. Depreciation losses are subtracted from the total income earned within a nation.
Answers
Net national product (NNP) is calculated when depreciation losses are subtracted from the total income earned within a nation. The correct answer is option (D).
Net national product (NNP) is a measure of the total economic output of a country. It is the value of all goods and services produced by the citizens of a country, regardless of their location, minus the depreciation of capital goods. To calculate NNP, we first need to determine the Gross National Product (GNP), which is the total value of all goods and services produced by a country's citizens, including those who live abroad, within a specific time period (usually a year). We then subtract the depreciation of capital goods (buildings, equipment, etc.) that occurred during that same time period.
Therefore, the correct answer is option (D) . Depreciation losses are subtracted from the total income earned within a nation. This subtraction is necessary because capital goods lose value over time due to wear and tear, obsolescence, and other factors. In summary, NNP = GNP - Depreciation losses. NNP is used to measure the overall economic health and productivity of a country.
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Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 7%, and the yield to maturity is 8%. What is the bond's current market price? Round your answer to the nearest cent.
Answers
Answer:
$906.30
Explanation:
Face value (FV) = $1000
Coupon payment (C) = 7% of $1000 = $70
Yield to maturity (r) = 8% = 0.08
t = 18
Number of compounding periods (n) = 1 (annually)
Using the relation:
C[( 1 - (1 + r/n)^-nt) / (r/n)] + FV / (1 + r/n)^nt
70[(1 - (1 + 0.08)^-1*18) / (0.08/1)] + 1000 / (1 + 0.08/1)^1*18
70[1 - (1.08)^-18) / 0.08] + 1000 / 1.08^18
70[(1 - 0.2502490)/0.08] + (1000 / 3.99601949918)
70(9.3718871) + 250.24902
= $906.281117
= $906.30
Rochester Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 56,000 Sales tax 5,050 Shipment of equipment 810 510 Insurance on the equipment for the first year Installation of equipment 1,620 Required: Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answers
To record the expenditures for Rochester Flour Mills, we need to account for the different costs associated the purchase of the new equipment.
Here's how the expenditures would be recorded: Purchase price: $56,000 Debit: Equipment $56,000 Credit: Cash $56,000 Sales tax: $5,050Debit: Equipment $5,050 Credit: Cash $5,050 Shipment of equipment: $810 Debit: Equipment $810 Credit: Cash $810 Insurance on the equipment for the first year: $510 Debit: Prepaid Insurance $510 Credit: Cash $510 Installation of equipment: $1,620 Debit: Equipment $1,620 Credit: Cash $1,620 Please note that I assumed the equipment account to be named "Equipment" for recording these entries. Adjust the account name according to the specific account names used by Rochester Flour Mills.
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the key element of effective teamwork is commitment to ______.
Answers
The key element of effective teamwork is commitment to a shared goal. In any team, it is essential for all members to work together in harmony, understanding their individual roles and responsibilities, and contributing towards the collective objective.
A strong commitment to this shared goal helps in fostering a sense of unity, trust, and accountability within the team, enabling them to overcome challenges and achieve success. An effective team should also exhibit strong communication skills, ensuring that all members stay informed and aligned with the team's priorities. Open and honest communication helps prevent misunderstandings, facilitates the exchange of ideas, and encourages collaborative problem-solving. In addition, embracing diversity within a team brings together various skills, perspectives, and experiences, contributing to a more comprehensive and creative approach to achieving the shared goal. Acknowledging and respecting individual differences promotes inclusivity, which can strengthen team dynamics and boost overall performance. Lastly, effective teamwork thrives in an environment of mutual trust and support. Team members should be encouraged to rely on one another and seek help when needed, fostering a positive team culture where everyone feels valued and appreciated. In summary, the key element of effective teamwork is a commitment to a shared goal, which is supported by strong communication, embracing diversity, and fostering trust and support among team members. These elements, when combined, can create a highly productive and successful team environment.
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Question 1 of 10
What is one advantage of a trade school education?
A. You can postpone getting a job longer.
Answers
One advantage of a trade school education is that there is easier access to courses and specialized knowledge.
What is a Trade School Education?This refers to the type of education where some technical skills are taught to students to be knowledgeable in certain tradecrafts and occupations.
Hence, we can see that based on the fact that this is post-secondary education, it gives the students the added edge of getting access to skills and specialized knowledge.
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Answer: It is less costly than attending a four-year college.
Explanation:
Is there anyway to make money as a teen (Online), I am 14.
Answers
According to the video, which qualities do Lawyers need? Select all that apply.
x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills
Answers
Answer:
C E F G
Explanation:
According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.
What are skills?A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.
As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.
As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.
Therefore, The right option (C, E, F, G)) is correct.
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Commodity brokers use forward and futures contracts for which of the
following reasons?
A. The raw, unprocessed nature of commodities means that there is
always a third party to any commodity-purchase contract.
B. The riskiness of commodity production means that many
commodity producers go bankrupt before harvest time.
C. The seasonal nature of many commodities would lead to wide
variations in supply and price without these contracts.
D. Commodities come from many different countries with very
different currency exchange rates.
Answers
Answer: The seasonal nature of many commodities would lead to wide
variations in supply and price without these contracts.
The correct option is C.
Commodity brokers use forward and futures contracts for the seasonal nature of many commodities would lead to wide variations in supply and price without these contracts.
What does a commodity broker do?
A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts include futures, options, and similar financial derivatives.
How do commodity brokers make money?Compensation for commodity brokers is often on a commission basis. They receive a percentage of the gross commissions from the trades placed by their customers. Commissions are fees for the execution of buying and selling orders. Some commodity brokers are highly successful.
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If u know what app this is I’ll give u a anime waifu body pillow whoever says the app first!!
Answers
Answer:
its zoom im on it rn actually XD can I have a kyoko kirigiri body pillow thanks!!
Explanation:
The price elasticity of supply measures how Multiple Choice easily labor and capital can be substituted for one another in the production process. responsive the quantity supplied of X is to changes in the price of X. responsive the quantity supplied of Y is to changes in the price of X. responsive quantity supplied is to a change in incomes.
Answers
Answer:
Yes
Explanation:
Cause an increase in price causes increase in goods produced
What types of planning can be done to im prove a nations economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
Explanation:
The economy can be defined as the production, consumption, and distribution of goods and services.
the gross domestic product generally called GDP can be a major factor in the growth of an economy .
business investment and consumer spending can lead a major role too.
spending money on infrastructure to create more jobopportunitiess and productivity by enablingbusinessess.
decrease in the amount of tax and refund taxes that go toward government revenue.
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A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%
Answers
Answer:
The correct response is Option b (1.60%).
Explanation:
According to the question,
Initial investment,
= $50,000
Perpetual annual cash flows,
= $800
Now,
The interest rate will be:
= \(\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}\)
On substituting the given values, we get
= \(\frac{800}{50,000}\)
= \(0.016\)
i.e.,
= \(1.60 \ percent\)
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
Which of the following is not one of the reasons for financial failure? A. Ignorance of current tax laws B. Failure to establish definite goals C. Procrastination D. Investments in mutual funds
Answers
Ignorance and procrastination of anything could lead to failure.
Investments in mutual funds is not one of the reasons for financial failure. Hence, option D is correct.
What is Investments in mutual funds?A mutual fund is a business that collects money from many different sources and uses it to buy securities like stocks, bonds, and short-term loans. All of a mutual fund's holdings are referred to as its portfolio. Investors buy shares of mutual funds.
Mutual funds are typically seen as safe investments with little risk and a great method for investors to diversify. When it comes to fees, a mutual fund might not always be the greatest choice for a market participant.
Although there are many different types of mutual funds, most of them fall into one of four basic categories: stock funds, money market funds, bond funds, and target-date funds.
Thus, option D is correct.
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3. Who was the first customer of mcdonald's and what was ordered?
Answers
Answer:
The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.
Explanation:
1. record the four main sections of your credit report.
Answers
The four main sections of a credit report are:
Personal Information: This section includes your personal details such as your name, date of birth, social security number, current and previous addresses, and employment history.Credit History: This section provides a detailed account of your credit accounts, including credit cards, loans, mortgages, and lines of credit. It includes information about the opening date, credit limits, balances, payment history, and any delinquencies or defaults.Public Records: This section contains information about any public records related to your financial history, such as bankruptcies, tax liens, judgments, and court-ordered payments.
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who join the NDS that will create in the future
and please don't let's people answer and it a question if you thick about
i will still give Brainliset
Answers
The President's National Security Strategy is the subject of the National Defense Strategy (NDS), which focuses on the Department of Defense's role in carrying it out (NSS).
Who meets the criteria for an NDA?Candidates who have finished class 12 or are currently registered in class 12 and are between the ages of 15.7 and 19 are eligible to apply for the NDA 2023 exam.
According to NDA eligibility 2022, candidates who were not born earlier than 02 January 2004 or later than 01 January 2007 are eligible to apply for the exam. Before proceeding to the exam selection procedure, candidates must first satisfy all of the required NDA qualification standards.
Who oversees NDS-OM?RBI uses the NDS-OM, an electronic anonymous order matching system with a screen-based interface, to trade its government securities on the secondary market. The system is now open to businesses who have SGL accounts with the RBI, including banks, primary dealers, insurance providers, mutual funds, etc.
What types of settlements does NDS handle?One of two groups makes up NDS-OM members, including:
Members Direct - Direct Members have access to current accounts with the RBI and the ability to directly settle trades on NDS-OM. Due to the fact that indirect members do not have current accounts with the RBI, they must settle through direct NDS-OM members.
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PLEASE HELP!!!!!!!!!!!!!!!!!!!!!!! ASAP!!!!!!!!!!!!!!!!!!!!!
1. Which of the following illustrates how foreign aid differs from foreign investment?(1 point)
A. Foreign aid involves the transfer of money from one country to another.
B. Foreign aid involves the exchange of domestic capital for foreign land, capital, and labor.
C. Foreign aid provides the capital that developing countries need to increase economic output.
D. Foreign aid involves the transfer of money to address economic, military, and humanitarian situations.
PLEASE HELP!!!!!!!!! ASAP!!!!!!!!!!!
In which of the following ways does the World Bank assist researchers in addressing developmental issues?(1 point)
A. The World Bank provides developmental grants and loans to researchers.
B. The World Bank provides advisory services to researchers.
C. The World Bank provides investment capital to researchers.
D. The World Bank provides free access to its publications to researchers.
PLEASE HELP!!!!!!!!!!!!!!!!!!! ASAP!!!!!!!!!!!!!!!!!!!
3. In what way does foreign investment contribute to economic development?(1 point)
A. Foreign investment provides development loans and grants that assist developing nations.
B. Foreign investment provides education to governments and populations.
C. Foreign investment provides monetary aid to countries suffering humanitarian crises.
D. Foreign investment provides capital to foreign countries that may be used in production.
Answers
Answer:
A is the best answer.foreign investment provides development loans and grants that assist developing nations
Answer:
Which of the following is an example of foreign portfolio investment?
- An investor in the United Kingdom purchases stock issued by a United States corporation.
Which of the following characteristics distinguishes foreign direct investment from other forms of investment?
-Foreign direct investment involves significant control in a foreign business.
In what way does foreign investment contribute to economic development?
-Foreign investment provides capital to foreign countries that may be used in production.
In which of the following ways does the World Bank assist researchers in addressing developmental issues?
-The World Bank provides free access to its publications to researchers.
Which of the following illustrates how foreign aid differs from foreign investment?
-Foreign aid involves the transfer of money to address economic, military, and humanitarian situations.
Explanation:
Just took the qc, 100%
tions (Online
Virtual)
Click this link to view O*NET's Wages and Employment section for Construction Managers. According to O*NET,
what is the projected growth for this career between 2019-2029?
average
O much faster than average
o little or no change
o slower than average
Answers
Answer: much faster than average
Explanation: Construction managers are the people that are responsible for the coordination and supervision of projects that has to do with construction of building, bridges, road, hospitals etc.
The construction manager is responsible for monitoring finances and ensuring that every firm of hazard is removed from the workplace.
According to O*NET, the projected growth for this career between 2019-2029 would be much faster than average.
Therefore, the correct option is B.
B- Much Faster Than Average
Explanation:Attached is the O*Net conclusion and my Edge answer. Please read the question carefully to make sure that you are answering the right one, this is for Construction Managers
The natural rate of unemployment prevails when:
A. the AD curve intersects the SRAS curve.
B. the number of unfilled jobs is matched by the number of qualified workers.
C. agricultural unemployment equals manufacturing unemployment.
D. unemployment is minimized.
Answers
The natural rate of unemployment prevails when: B. the number of unfilled jobs is matched by the number of qualified workers.
What is natural rate of unemployment?The natural rate of unemployment is the rate of unemployment that exists when the labor market is in equilibrium, meaning that the number of job openings available matches the number of qualified workers seeking employment.
At this rate, there is no cyclical unemployment, which is the unemployment that results from fluctuations in economic activity. The natural rate of unemployment includes only frictional and structural unemployment, which are caused by factors such as job search, job matching, and changes in the structure of the economy.
Option B correctly describes the conditions that must be met for the natural rate of unemployment to prevail. When the number of unfilled jobs is equal to the number of qualified workers, there is no cyclical unemployment caused by a lack of demand for labor, and the economy is operating at its potential output level. This level of unemployment is considered to be the "natural" rate because it is not influenced by short-term fluctuations in aggregate demand or supply.
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Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answers
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.