Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds.

Answers

Answer 1

Answer:

The appropriate solution will be "$1320".

Explanation:

The given values are:

Material's actual quantity

= $6600

Standard price

= $2.00

Actual price

= $2.20

Now,

The material price variance will be:

= Actual quantity (Standard price - Actual price)

On substituting the values, we get

= [tex]6600(2.00-2.20)[/tex]

= [tex]6600\times (-0.20)[/tex]  

= [tex]1320[/tex] ($)


Related Questions

Mr. Alex is the marketing manager of the company and he wants to implement a new way to promote the products in the market but his senior manager did not permit him and forced him to work strictly in accordance with the plan. Which limitation of planning is highlighted in this case

Answers

Answer: Planning reduces creativity

Explanation:

Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.

(a) Where the parent company does not hold 100 percent equity of the subsidiary company, what portion of the intra-group transactions between the parent entity and the subsidiary entity will need to be eliminated on consolidation? (2 marks) (b) What is a non-controlling interest, and how should it be disclosed? (2 marks) (c) How are non-controlling interests affected by intra-group transactions? (2 marks) (d) What are the three steps we use to calculate total non-controlling interest? (1 mark)

Answers

Answer:

Follows are the solution to this question:

Explanation:

In point a:

If the parent firm doesn't hold the conglomerate's equity stake, depreciation expense acknowledged by the parent company's owner and expenditures shall be removed throughout the consolidated statement of financial position. Its combined cash flow deletes debts previously recognized as assets for both the parent corporation and as debts for all the subsidiaries to offer a real and equal view. All the intragroup balance should be removed to avoid double-counting of financial assets resulting from payments in between the group's members.

In point b:

If a parent company has a stake in a subsidiary that is called noncontrolling interest over 50%, but less than 99 percent. Its parent company shall report a different non-controlling interest line on the income statement and revenue report to reveal its noncontrolling interest.

In point c:

Its Group of non - management Concerns may not claim responsibility mostly on a share of a benefit, doesn't have any influence from over parent's decision. Intra-group payments in a word-level shall be removed.

In point d:

Its NCI share of the opening in net assets of the subsidiary + NCI share of even an amortization fair value + NCI profits due to NCI - (dividend payable to the noncontrolling shareholder) = unlawful interest at the date of the merger is three steps for the calculation of total the uncontrol value.

when receiving inventory, you should do which of the following?

Answers

Answer:

what are the answers

Explanation:

what would happen if the Federal Reserve chairman says that the central bank will raise interest rates. which and how would it affect food prices, housing or oil?

Answers

Explanation:

What are the answered choices

After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.

Answers

After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.

What is investing?

Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.

Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.

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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE


Sarah, realizes she has a passion for finance. She specifically would like to study how personal behavior impacts our finances and the entire society. What career choice would BEST fit Sarah’s desire to study financial decisions and how we make them?




economist




math teacher




stock broker

Answers

It would be an economist. Economists conducts research, collect and analyze data, and monitor economic trends. Therefore they technically study how personal behavior impacts our finances and the entire society.

Answer:

economist

Explanation:

hey this is for thebeauty4evr19 so don't take it or im reporting u

Answers

Answer:

ty

Explanation:

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

What is one statement that economists would say is INCORRECT?




Society’s resources are limited.




People usually put their own interests as their first priority.




The stock market only affects people who invest in it.

Answers

Answer:

Society’s resources are limited.

Explanation:

i think????

my dad is an invester in the stock market so im  just tryna think what he would say      

Answer:  D. The stock market only affects people who invest in it.

Explanation:

Just took a quiz, "The stock market only affects people who invest in it" that's the correct answer, good luck ;)

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

What is TRUE about government regulations in the United States when it comes to financial institutions?


A. There are no government regulations for international banking.


B. Electronic fund transfers (EFT) are only regulated if they are made in commercial banks.


C. The government regulates which types of financial accounts are eligible for FDIC insurance.

Answers

The answer to this question is C.

The reason for this is: Federally regulated entities include all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector, which are the responsibility of other agencies, both federal and provincial.

Electronic fund transfers (EFT) are only regulated if they are made in commercial banks. This is true about government regulations in the United States when it comes to financial institutions. Hence, Option B is correct.

What are electronic fund transfers?

From one bank to another bank, the movement of money is done digitally without the help of a bank employee. This is called electronic fund transfers.

With the increase of business and transactions related to it, more and more usage of smart phones and other factors have also increased electronic fund transfers.

Therefore, Option B: Electronic fund transfers (EFT) are only regulated if they are made in commercial banks is correct.

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Which of the following is most likely to be a primary data source:
a. A sales invoice
b. A customer record
c. An expense report
d. A customer survey

Answers

Answer:

d. A customer survey

Explanation:

Data collected by researchers for the first time for a specific study is primary data.  A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.

Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.

Why does a business often reach a point at which adding more resources does not increase productivity or profits at the same rate it used to? (diminishing returns, stages of production)

Answers

Answer:

diminishing returns

Explanation:

Diminishing returns are based on the economic concepts founded on the law of diminishing marginal returns. This law provides that after some optimal production level is achieved, the continuous addition of input will lead to a decreased output rate.

Diminishing returns is when productivity increases at a decreasing rate as more input are used while holding other factors constant. Once productivity arising from an input hits its peak, additional employment of that resource will result in a decreased or negative productivity.  For example, if input labor is added to a factory, new workers will improve productivity until the factory reaches its maximum capacity. Hiring more workers after the factor hits its peak will result in a decline in labor productivity.

your bestfriend just said taht she isnt going to collage, because she cant afford it. what would you tell her

Answers

Answer:If my friend told me that she cannot not go to college because she can’t afford it, I would suggest a number of ways so that I can help her. I would firstly emphasize on the importance of education so my friend knows that she is missing out on something major and she needs to work really hard to study.

I would suggest her to opt for scholarship programs that are offered by several colleges, there is a need based scholarship programs too. Moreover I would suggest her to find a job so she starts to earn and can fund her education.

Explanation: hope this helps :D can u plz give me a brainliest

Answer:

there are scholarships to help her, she could also get a job if that would help

Explanation:

hope this helps

One of the FBLA-PBL's goals is creating more interest in and understanding of
American business______
A. services
B. products
C. enterprise
D. mentorships

Answers

Answer:

C. enterprise

Explanation:

It says on its website where you click on their about page and scroll down to their goals.

Answer:

enterprise

Explanation:

FBLA-PBL is a non-profit organizations that was created to provide help for students who wanted to transition from their school life to the business world.

FBLA focused their operation to help students middle school-high school while PBL focused their operation to help students in College.

This organization taught the students with a couple of knowledge from Industry's expert about how to run and operate a businesses. They teach the students about things such as:

- a list of knowledge or expertise that will be seen as a valuable skill in a certain industry,

-  what to expect when they're interacting with their customers and employers,

- how to deal with investors,

-  etc.

How do supply and demand help determine the price of a product?

Answers

Answer:

if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it  

Explanation:

Answer:

By creating a balance between buyers who want low prices and sellers who want high prices

Explanation:

There are at least three ways to submit a cover letter to an employer. Which methods are
most effective in your industry? Why do you think this?

Answers

Answer:

Introduction, Sales Pitch and Conclusion.

Explanation:

Many workplace safety rules are created by which government agency?

Answers

Answer:

Legislation

Explanation: The Occupational Safety and Health Act of 1970 created OSHA, which sets and enforces protective workplace safety and health standards. Employers also must comply with the General Duty Clause of the OSH Act, which requires them to keep their workplaces free of serious recognized hazards.

Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA

Answers

I am sure that it’s D. Roth IRA

Hannah works in a factory that makes hearing aids. She is part of a team that designs how the electrical components are put together and encased. What kind of education or experience most likely prepared Hannah to qualify for this position?

A. an apprenticeship with another hearing aid maker

B. a bachelor's degree in electrical engineering

C. an internship at a hearing screening clinic

D. a doctorate in medicine​

Answers

I think it’s b because of electrical components

Answer

A Bachelor's Degree in electrical engineering.

Explanation:

She needs the knowledge of how to setup a hearing aid and they have electrical parts. So she is going to need that Bachelors Degree.

ECON Good morning can someone answer this ASAP

Answers

Answer:

D

Explanation:

Answer:

According to the Law of Demand: When the price of a product increases, the demand for the same product will fall.

So, the answer is 'A. the product's price increses

Choose the era that best matches the statement given.

A company who has pleasing the customer in its mission statement

Answers

Answer:

Marketing company era

Explanation:

They need to get their product out there, so they use mission statements to please the customer, which is marketing.

how many ig followers do i have alexamaldonadoo go quick ill give brainliest

Answers

1,244 but ima follow so 1,245

I Need Help ASAP!!!

1)Purchasing an insurance policy is an example of what approach to risk mitigation?
•Tolerate
•Transfer
•Terminate
•Treat

2)Working through your lunch break is a good way to get more done.
•True
•False

3)The Rhode Island System employed workers as young as age
•seven.
•nine.
•twelve.
•fourteen.

4) A lack of resources may lead a company to take which approach to risk mitigation?
•Tolerate
•Transfer
•Terminate
•Treat

5) What type of manufacturing employee is usually in charge of creating work schedules?
•Operator
•Operations manager
•Assembly line worker
•Quality manager

6)The Equal Opportunity Employment laws ensure that all workers
•get regular breaks.
•receive a raise once a year.
•are treated fairly.
•have union rights.

7) A punctual employee has a sense of
•integrity.
•self-discipline.
•pride.
•personal responsibility.

8) Emotions can impede active listening.
•True
•False

9) Data collected as a result of a process is referred to as
•information processing.
•material processing.
•feedback.
•output.

10) The term laissez-faire
comes from the French word meaning
•let do.
•make do.
•make happy.
•be happy.

Answers

Answer:

8.treat people fairly

What are the characteristics of open and honest communication?

Answers

Answer:

being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.

Explanation:

i’m pretty sure the answer is speaking truthful thoughts

3 . Relationship between tax revenues, deadweight loss, and demandelasticity
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by DC (on the first graph), and the demand for bus passes is shown by DB (on the second graph).
Suppose the government taxes concert tickets. The following graph shows the annual supply and demand for this good. It also shows the supply curve ( S+Tax ) shifted up by the amount of the proposed tax ($60 per ticket).
On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for concert tickets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.

Answers

Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.

_________obtain goods from manufacturers and sell them to consumers.

Answers

Answer:

market?

Explanation:

cause in the end it says sell them

Answer: sellers

The producer is the manufacturer of the item/product.

The seller is the person who buys the item from the manufacturer.

The consumer is the one who buys the item again from the seller.

Hope this helps you!

Identify a circumstance outside the economy that can cause unemployment.

A. The United States hosts the Olympic Games

B. A hurricane damages the Gulf Coast

O

C. A new museum opens in the city of Dallas

O

D. The northeast experiences a summer heat wave

Answers

Answer:

B. A hurricane damages the Gulf Coast

Explanation:

If a hurricane occurs, it would destroy businesses and this can cause unemployment.

If the United States hosts the Olympic Games  and if a new museum opens in the city of Dallas, employment would increase

According to the video, what are some things that Human Resources Managers do? Check all that apply
oversee hiring and firing
purchase computers
distribute office supplies
develop training programs
develop personnel policies
develop pricing strategies
develop recruiting programs

Answers

Answer: A, D, E, G

Explanation: right on edge 2020

Answer:

1,4,5,7

Explanation:

The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table, and then calculate the annual inflation rate for each year (not including the base year).



Instructions: Round your answers to 2 decimal places.

Answers

Answer:

Year  Nominal wage  Real wage  Price level  Inflation rate

1                  $7                  $5                140             Nil

2                 $9                  $6                150               7.14 %

3                 $12                 $7.5             160              6.67 %

Explanation:

Note: The table for the question is attached as picture

Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100  

Price level in Year 1 = ($7.00 / $5.00) * 100

Price level in Year 1 = 1.4 * 100

Price level in Year 1 = 140

Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.

Real wage in Year 2 = ($9.00 / 150.00) * 100

Real wage in Year 2 = $6

Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.

Nominal wage in Year 3 = ($7.50 * 160) / 100

Nominal wage in Year 3 = $1,200 / 100

Nominal wage in Year 3 = $12

Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.

Inflation rate in Year 2 = (150 - 140) / 140

Inflation rate in Year 2 = 10 / 140

Inflation rate in Year 2 = 0.0714

Inflation rate in Year 2 = 7.14 %

Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.

Inflation rate in Year 3 = (160 - 150) / 150

Inflation rate in Year 3 = 10 / 150

Inflation rate in Year 3 = 0.0667

Inflation rate in Year 3 = 6.67%.

Price level in year 1 , Real wages in year 2 , Inflation rate in year 2 and Nominal wages in year 3 are 180, 8, 11.11% and 18 respectively.

Inflation based problem:

Missing information is given in the picture below.

Computation:

Price level in year 1 = [NW / RW]100

Price level in year 1 = [9 / 5]100

Price level in year 1 = 180

Real wages in year 2 = NW[100 / Price level in year 2]

Real wages in year 2 = 16[100 / 200]

Real wages in year 2 = 8

Inflation rate in year 2 = [tex]\frac{Price\ level \ in \ year 2 - Price\ level \ in \ year 1}{Price\ level \ in \ year 1} \times 100[/tex]

Inflation rate in year 2 = [tex]\frac{200-180}{180} \times100[/tex]

Inflation rate in year 2 = 11.11%

Nominal wages in year 3 = [tex]\frac{Real \ wages \times price \ level \ in \ year 3}{100}[/tex]

Nominal wages in year 3 = [tex]\frac{7.50 \times240}{100}[/tex]

Nominal wages in year 3 = 18

Find out more information about 'Nominal wages'.

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What is social responsibility?

Answers

Answer:

it is things you should do as a person

Explanation:

ex- vote

Answer:

Togetherness

Explanation:

The thought that people need to work together despite differences so they can benefit society as a whole.

According to the video, some workers who work for themselves, such as Actors, Musicians, or Writers, may have what
sort of worker represent them to potential customers?
O an Agent
O a Headhunter
an Employer
a Mentor

Answers

Answer:

an Agent

Explanation:

just answered it and got correct

Answer: Agent

Explanation: just got it right on edge

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