Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer 1

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable


Related Questions

Under the Uniform Securities Act, an investment adviser who has no place of business in a State is exempt from registration if the:

Answers

Answer:

✓The adviser had no more than five clients in that state within the last 12 months

✓ The adviser provided advice only to investment companies in that state.

✓The adviser provided advice only to insurance companies in that state

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Under the Uniform Securities Act, an investment adviser who has no place of business in a state is exempt from registration in that state if the adviser provides advice in which of the following situations?

ANSWER:

The Uniform Securities Act can be regarded as is a model law which was set up to serve as starting point as regards to state-level securities regulation. The purpose of this Act is to handle securities fraud at the state level and also to give assistance to the Securities and Exchange Commission (SEC) in aspect of enforcement as well as regulation.

As regards to the scenerio in the question, The investment adviser

✓would not have more than five clients in the whole particular state and within the period of duration of last 12 months.

✓ His advice will Only be towards

investment companies in that state.

✓His advice will Only be towards

insurance companies in that state

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.

Answers

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is:

Answers

added to the sales price of the comparable.

The Statute of Frauds a. applies only to executed contracts b. requires certain contracts to be in writing c. states that written contracts cannot be changed by oral evidence d. none of these

Answers

Answer:

b. requires certain contracts to be in writing

Explanation:

Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.

For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.

However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.

Remote Control Corporation sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction. This is an example of

Answers

Answer:

feedback control

Explanation:

From the question we are informed about Remote Control Corporation who sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction.in this case, This is an example of feedback control.

The feedback control can be regarded as practice of responding meaningfully to customers when they leave feedback. For instance, if a customer lay a complains about being overcharged, The response of the company could be an apology as well as issueing of a refund.Customers may give feedback in a situation whereby they have a particularly memorable experience

In tort law, what is proximate cause?
A. The idea that a person's breach of duty directly led to an injury
B. The idea that people can be restrained if there is justification for it
Ο Ο Ο
C. The idea that people use reasonable force to protect themselves
OD. The idea that a person failed to perform a specific duty

Answers

Answer:

B. The idea that people can be restrained if there is justification for it

Explanation:I just took the test

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

Maya deposits $500 in her savings account and earns a simple interest of 5 percent. What will be the balance in her account after two years?

A. $1,000
B. $550
C. $600
D. $577.50
E. $527.50

Answers

Answer:

B. $550

Explanation:

[tex]A = p(1 + \frac{r}{100} ) {}^{n} \\ = 500(1 + \frac{5}{100} ) {}^{2} \\ = 550 \: dollars[/tex]

Match the term with its definition Question 2 options: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products when a person deceives another person into buying products or services that he or she knows are ineffective or harmful the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight-loss. 6 the best choice for staying hydrated. 5 a trendy weight-loss plan that promises dramatic results and are not healthy for you. 7 contains high levels of sugar and caffeine and has been linked to increases in weight and even obsesity. a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost / be an additive to one's diet and are not considered food

Answers

Answer:

The answer is below

Explanation:

Matching the definition with the right words or terms, we have the following:

1. QUACKERY: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products.

2. FRAUD: when a person deceives another person into buying products or services that he or she knows are ineffective or harmful.

3. FIGURE WRAPPING: the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight loss.

4. COOL WATER: the best choice for staying hydrated.

5. FAD DIETS: a trendy weight-loss plan that promises dramatic results and is not healthy for you.

6. COCA-COLA: contains high levels of sugar and caffeine and has been linked to increases in weight and even obesity.

7. DIETARY SUPPLEMENTS: a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost/be an additive to one's diet and are not considered food

Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must a. take the car to an expert third party for an independent inspection. b. have reason to know of the cause of the failure. c. file a court action without prior notice of the defect to the dealer. d. give the dealer or manufacturer an opportunity to remedy the problem.

Answers

To prevail against Motor in a lemon-law dispute, Lima must have reason to know of the cause of the failure.  

Lemon law is specifically awarded to customers purchasing vehicles in the form of choice to either get replaced product or to get a refund for the defective vehicle.  

Hence, if the vehicle is impaired to function properly or is diagnosed as defective within 30 days of its purchase would entail them with lemon rights. To avail this right the consumer must have proper reasons to support it.  

Learn more about Lemon law here;

https://brainly.com/question/1661947

True or false. A direct deposit is when you take your check straight to the bank when you receive it

Answers

Answer:

false

Explanation:

A short-term savings strategy is usually designed to:
A. maximize the growth of money used for investments.
B. make sure a person has money available in an emergency.
C. increase the income a person earns by having a job.
D. allow a person to spend nearly all of the money he or she makes.
SUBMIT

Answers

Answer: B. Make sure a person has money available in an emergency. (Thanks 22ogarthwaite)

Explanation: A P E X

A short-term savings strategy is usually designed to make sure a person has money available in an emergency.

What is short term savings?

An amount kept aside by an individual for the purpose of utilization in a very short span of time with a contingent purpose, is known as short term savings.

Hence, option B is true regarding short term savings.

Learn more about short term savings here:

https://brainly.com/question/10206346

#SPJ2

At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

the equivalent units produced by the department is 8,900 units

Explanation:

The computation of the equivalent units produced by the department is shown below:

= Started & completed units + beginning units + 25% of ending units

= 7,000 units + 1,500 units + 1,600 units × 25

= 7,000 units + 1,500 units + 400 units

= 8,900 units

Hence, the equivalent units produced by the department is 8,900 units

What is an investment portfolio?
A. A selection of varied accounts
B. A selection of varied instruments
C. A selection of varied applications
D. A selection of varied stocks and bonds​

Answers

Answer:

In finance, a portfolio is a collection of investments aka stocks and bonds!

The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses.


True
False

Answers

True i hope it help you.

A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the a.income statement b.statement of cash flows c.statement of stockholders' equity d.balance sheet

Answers

Answer:

Income statement

Explanation:

Which of the following is NOT an example of using the right words?
A. Avoid slang.
B. Choose words the average person will understand.
C. Use lots of technical terms.
D. Stay away from jargon.

Answers

Answer:

i think d it might not be right

Explanation:

Answer:

C: use lots of technical terms

Explanation:

A is correct; slang isn't used for formal papers. B is also correct; when you're writing to someone, you don't want to use complicated words that they may not understand. D is also correct; jargon is complicated vocab used in a field, and many people don't understand it. C is incorrect, however; technical terms people may not understand.

Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.

Answers

Answer:

This is an example of product mix because it represents all of the company's product lines put together :)

the sum of a and 3a is​

Answers

Answer:

Given,

3a,a,_a.......a terms

Sn=n/2[2(a)+(n-1)d]

Sa=a/2(6a-2a+1)

Sa=a/2(2(2a+1)

Sa=a(2a+1)

Sa=2a^2+a

Explanation:

For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review

Answers

Answer is B. Hope I helped have a good day

and explain to laws that protect citizens against gender-based violence in our country​

Answers

Answer:

Domestic Violence Act (1998)

Explanation:

The Government, constitution and the legislation protect individuals or women against all sorts of person-to-person violence against women or gender. The Domestic Violence Act protects against various forms of violence against women, and the Security Against Human Rights act (2011) protects against harassment.

What is the first step in deriving depreciation using the abstraction method? Gather data for all recently sold comparables for the purpose of estimating their reproduction costs. Gather data for all comparables to establish the historic high price paid for similar properties. Gather data on comparable neighborhoods for the purpose of estimating resale value. Gather data on comparable listings that have not sold in the same neighborhood.

Answers

Answer:

Gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

An abstraction method involves subtracting the value that is required to substitute or replace improvements based on the market's depreciation. Thus, it requires the use of comparable sales to estimate the value of a particular property by subtracting its value from the total sales price of the property.

Hence, the first step in deriving depreciation using the abstraction method is to gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Additionally, the Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.

Answers

Answer:

Switching cost

Explanation:

Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc

It can employ the high switching cost in order to protect the customers from shifting to the another brand

Therefore the switching cost should be considered

The process of creating, promoting, and presenting a product to meet wants and needs of consumers is called ___________. Group of answer choices marketing selling distributing retailing

Answers

Advertising is the correct answer

The goods and materials available for sale at the beginning of a period are_____.

beginning inventory

raw materials

cost of goods sold

ending inventory

Answers

Answer:

The answer is beginning inventory

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount

Answers

Answer:

sry i don't have this questions answers

What is the Importance of sales promotion

Answers

is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even

Answers

Answer:

The correct answer is "2000 units".

Explanation:

Given:

Fixed cost,

F = $50,000

Variable cost,

VC = $100 per unit

Price,

P = $125 per unit

Let the units to be sold be "x".

Throughout the case of breakeven,

⇒ [tex]Total \ revenue=Total \ cost[/tex]

⇒                [tex]125x=50000+100x[/tex]

On subtracting "100x" from both sides,

⇒    [tex]125x-100x=50000+100x-125x[/tex]

⇒                  [tex]25x=50000[/tex]

⇒                      [tex]x=\frac{50000}{25}[/tex]

⇒                         [tex]=2000 \ units[/tex]

When many men in the Baby Boomer age group started getting gray hair, they were reluctant to use hair dyes made for and marketed to women. To address this reluctance, hair care product manufacturers (such as the makers of Just For Men hair coloring) introduced hair-dying systems to be used on men's heads and facial hair. In this example, what type of segmentation did the hair care product manufacturers use to define their target markets

Answers

Answer:

demographic segmentation

Explanation:

Demographic segmentation includes many variables and categories, for example: age, income level, gender, family status, race, culture, gender, etc.

In this specific case, the market was segmented based on age; men entering middle age that were starting to get gray hair.

A certificate of deposit that changes the rate of interest based on the prevailing market interest rate is known as a: A Market rate CD B Step-up / Step-down CD C Negotiable CD D Renewable CD

Answers

Answer:

B. Step-up/Step-down CD

Explanation:

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

A Step-up/Step-down certificate of deposit (CD) is a type of CD that changes the rate of interest for a deposit based on the prevailing market interest rate.

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