Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. information for raw materials for product rbi for the month of october follows: standard unit price $1.80 actual purchase price per unit $1.65 actual quantity purchased 4,000 units actual quantity used 3,900 units standard quantity allowed for actual production 3,800 units what is the materials purchase price variance?

Answers

Answer 1

Answer: $600F

Explanation:

Given the following :

standard unit price - $1.80

actual purchase price per unit - $1.65

actual quantity purchased - 4,000

units actual quantity used - 3,900

units standard quantity allowed for actual production - 3,800 units

Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased

($1.65 - $1.80) × 4000

( $0.15) × 4000

$600F (Favorable) because standard price is higher than actual price


Related Questions

Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2013 total:



A. $846,000 net cash inflow.


B. $831,000 net cash inflow.


C. $861,000 net cash inflow.


D. $866,000 net cash outflow.

Answers

Answer:

The correct answer is option (b) $831,000 net cash inflow.

Explanation:

Solution

Recall that:

Company miracle bought stock treasury with a cost of = $15,000

Dividends paid =  $20,000

Bond issued =$ 866,000

Now,

The cash flow from financing activities is calculated as follows:

Bonds payable -Purchased treasury stock - Dividend paid

$866,000 - $15,000-$20,000

= $831,000

Therefore, The net cash flow is $831,000

PLEASE!!!
Which of the following is an example of economic globalization?


A. a chicken farm supplying eggs to the neighboring village

B. a mobile grocery selling organic food across New York City

C. an on-demand beauty salon that provides home service

D. a Japanese store selling tea and spices from South Asia

Answers

Answer:

The example that represents economic globalization is:

D. a Japanese store selling tea and spices from South Asia

Explanation:

The reason behind this answer is that globalization is the concept designed to understand the economic activity of a certain country outside its borders and engaging commercial activities in its zone with different countries or in zones further away. Then, because they are doing business around the globe they are doing a globalization economy.

Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.

Answers

Answer:

Hazard Communication Standard  (HCS) training program

Explanation:

The type of training described in this scenario is known as the  Hazard Communication Standard  (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.

The name used to identify a reduction made from the original selling price.

Question 8 options:

a)

Cut Rate


b)

Markdown


c)

Decrease


d)

Markup

Answers

i believe the answer is B) markdown
B because I got the same question and I got it right I hope you get it right

HELP 100 POINTS!! Review different ways businesses advertise on the Internet. Research three different methods of online advertising. For each method, include the following information. Be specific as pricing will be determined on size and reach of the ad. (5-6 sentences for each method)

Answers

Social media adsTargeted adsOnline commercial videos

Those are some of the ways to elaborate on the topic but plz write the essay yourself

how do you get into Harvard law school​

Answers

a gpa of 4 and above a good score is the sat a good student in the course before pursuing before the law good recommendations and any other talents you have

How does saving money help people avoid debt?

A.by helping them reduce interest payments

B. By helping them get approved for loans

C.by helping them apply for credit cards

D. By helping them cover unforeseen expenses

Answers

Answer:

D. By helping them cover unforeseen expenses

D Helping them cover unforeseen expenses

Which is the most common type of precipitation?

Answers

Answer: Rain.

Explanation:

Bill Nye.

Answer: Rain

Explanation:

which word best describes the writing process in business writing ?

Answers

Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing

During red's time as head of the bank of bramblewood, the bank offered three services: time deposits, demand deposits, and home and business loans. under patty's leadership, the bank offers those same services, a variety of investment opportunities such as mutual funds and bonds, and ___________ through the internet, which supports a number of services such as paying bills directly from customers' accounts, direct deposit, and transferring money.

Answers

Answer:

Online Banking

Explanation:

Based on the information provided within the question it seems that the bank is offering Online Banking to it's customers. This is the ability for the customer to be able to handle most of - if not all - the banks services remotely through the internet by going to their online platform. Almost all banks offer this service as it allows for much greater convenience as opposed to having to go to the banks location and standing in line.

Which statement is true?

A.
Taxes are higher on short-term investments than long-term investments.
B.
Short-term investments are less prone to price volatility than long-term investments.
C.
Short-term investments require greater diversification than long-term investments.
D.
Short-term investments incur lower transaction fees than long-term investments.
E.
Short-term investments have a higher inflationary risk than long-term investments.

Answers

Answer:

c

Explanation:

plato

The actual statement is that taxes are higher on short-term than long-term investments. Thus the correct option is C.

What is Investment?

A purchase made for the purpose of earning money or appreciating in value is known as an investment. The investor will make a long-term profit from their investment in any asset or object.

When short-term investments are made for shorter periods of time with lower returns, they are subject to higher tax rates since they are taxed at the investor's regular income tax rate.

Long-term investments are taxable at an amount that is often lower than ordinary income tax rates since they are subject to long-term capital gains taxation.

The investor must retain the property for more than a year in order to be eligible for this lower rate, which is understood to represent a higher investment with higher risk and higher return.

Therefore, option C is appropriate.

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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional

Answers

Answer: Enterprising

Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.

Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.

Steve introduces in-house technical training programs for employees, as well as a provision to reimburse the tuition fees for employees who take college courses that benefit both the employee and the organization. Steve is using ________ to motivate and retain employees. high-performance work practices performance appraisal methods affirmative action mentoring



A) performance appraisal methods


B) high-performance work practices


C) mentoring


D) affirmative action

Answers

Answer:

B, High performance work practices

Explanation:

High performance work practices cab be defined as those practices that improve a firm's ability to attract, select, develop, hire as well as retain high performing personnel.

Simply put, high performances work practices can be defined as the ability of a company to attract high performing personnel to itself through selection, hiring, development, etc.

In the case of the question, Steve is doing his best to increase the effieciency of the employees by trainng, hiring, etc to ensure that the employees are high performance; which means the firm productivity will increase.

Cheers

In general, how long does it take to accomplish a long-term goal?
A.
a few days to a week
B.
a few weeks to a month
C.
a few months to a year
D.
more than a year
Reset
Next

Answers

Answer:

The answer is D.more than a year

Explanation:

What are the advantages of crème makeup over pancake makeup?

Answers

Answer:

Explanation:

Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge. Great for All Skin Types. Because Cream foundation works well on all skin types it will answer the question whether it is right for you. .. So both are great for skin depending on what brand or kind

Answer:

       Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge or beauty blender.

The cost of a secured loan is typically lower than the cost of an unsecured loan because _______.

Answers

Answer:

It’s requires Collateral

Explanation:

A secured loan requires you to have some thing as collateral damage, for example your house if you own.

The cost of a secured loan is generally lower than the cost of an unsecured loan because it requires collateral.

What is Secured loan?

A secured loan is defined as a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured loan to the creditor lending the loan.

It is a type of loan backed by collateral where a financial asset we own, such as a home or car can be used as payment to the lender if we don't repay the loan.

The idea behind a secured loan is the basic idea, so lenders accept collateral against a secured loan to encourage borrowers to repay the loan on time. After all, the prospect of losing your home or car is a powerful motivator to pay down the loan, and to avoid repossession or foreclosure.

Thus, the cost of a secured loan is generally lower than the cost of an unsecured loan because it requires collateral.

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