Homework Answers
QUESTION - 19
Material Price Variance = Actual Quantity x [Actual rate – Standard rate]
= AQ x [AR – SR]
= 6,200 x [$13.15 – 12.50]
= 4,030 U [Unfavorable]
*AR = $81,530 / 6,200 grams = $13.15
QUESTION - 20
Profitability Index = Present Value of Annual Inflows / Investment Required
Project D = $11,130 / 11,000 = 1.03 - RANK 3
Project E = $46,330 / 41,000 = 1.13 – RANK 1
Project F = $95,460 / 86,000 = 1.11 - RANK 2
Therefore, The Correct Answer option is “D. E,F,D”
QUESTION – 21
Present Value = Future Value / (1+r)n
Present Value = $20,000 / (1+0.16) 4
Present Value = $20,000 / 1.81063936
Present Value = $11,040
Hence, The Answer is “C. $11,040”
QUESTION – 22
An Opportunity cost “is the potential benefit lost by choosing a specific alternative course of action among two or more”
Add Answer to:
Acct 2302
19. The following materials standards have been established for a particular product: Standard quantity...
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The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0 meters Standard price $ 18.30 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 9,700 meters Actual cost of materials purchased $ 185,270 Actual materials used in production 9,200 meters Actual output 1,510 units What is the materials price variance for the month? Multiple Choice $2,674 U $10,200 U $7,760 U $15,950 U...
10.00 points The following materials standards have been established for a particular product: Standard quantity per...
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The following materials standards have been established for a particular product: Standard quantity per unit of...
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The following materials standards have been established for a particular product: Standard quantity per unit of output 4.9 grams Standard price $12.00 per grams The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production 3.800 grams $ 44.270 3100 grams 570 units Actual output The direct materials purchases variance is computed when the materials are purchased. Requlrec a. What is the materials price variance...
10.00 points The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.9 grams $12.00 per grams The following data pertain to operations concerning the product for the last month 3,800 grams Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output S 44,270 3,100 grams 570 units The direct materials purchases variance is computed when the materials are purchased Required a. What is the materials...
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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 pounds $13.30 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month?...
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