Regent corp uses a standard cost system to account for the costs of its one product. materials standards are 2.8 pounds of material at $13 per pound and 2 hours of labor at a standard wage rate of $9. during july regent corp produced 3,250 units. materials purchased and used totaled 10,030 pounds at a total cost of $131,940. payroll totaled $147,780 for 13,200 hours worked.
a. calculate the direct materials price variance. (do not round your intermediate calculations. indicate the effect of variance by selecting "favorable", "unfavorable", or "none" for no effect (i. e., zero
price
b. calculate the direct materials quantity variance. (indicate the effect of variance by selecting "favorable", "unfavorable", or "none" for no effect (i. e., zero
quantity
Answers: 1
Another question on Business
Business, 21.06.2019 19:30
What would be the input, conversion and output of developing a new soft drink
Answers: 3
Business, 22.06.2019 19:30
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. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
Business, 22.06.2019 20:30
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 22.06.2019 22:10
Asupermarket has been experiencing long lines during peak periods of the day. the problem is noticeably worse on certain days of the week, and the peak periods are sometimes different according to the day of the week. there are usually enough workers on the job to open all cash registers. the problem is knowing when to call some of the workers stocking shelves up to the front to work the checkout counters. how might decision models the supermarket? what data would be needed to develop these models?
Answers: 2
You know the right answer?
Regent corp uses a standard cost system to account for the costs of its one product. materials stand...
Questions
Computers and Technology, 14.09.2019 03:30
Mathematics, 14.09.2019 03:30
Mathematics, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
Computers and Technology, 14.09.2019 03:30
