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olya-2409
1 month ago
5

Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing

overhead is applied to products on the basis of direct labor-hours.Inputs Standard Quantity or Hours per Unit of Output Standard Price or RateDirect materials 5.7 liters $5,40 per literDirect labor 0.70 hours $20.60 per hourVariable manufacturing overhead 0.70 hours $5.50 per hourThe company has reported the following actual results for the product for DecemberActual output 4,100 unitsRaw materials purchased 25,100 litersActual price of raw materials $4.80 per literActual cost of raw materials purchased $120,480 Raw materials used in production 23,360 litersActual direct labor-hours 2,700 hoursActual direct labor rate $21.20 per hourActual direct labor cost $57,240 Actual variable overhead rate $5.90 per hourActual variable overhead cost $15,930 What is the raw materials price variance for the month?
Business
1 answer:
Mariulka [3.8K]1 month ago
8 0
The raw materials price variance amounts to $14,016 favorable. The calculation for this variance is done as follows: = Actual Quantity × (Standard Price - Actual Price) = 23,360 liters × ($5.40 - $4.80) = 23,360 liters × $0.6 = $14,016 favorable This is derived by taking the standard price, subtracting the actual price, and multiplying the difference by the actual quantity to arrive at the finalized value.
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According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to
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<span>Provided:
Payments made by check       Year 1    Year 2    Year 3
Yes:     225           175        125
No:      275           325        375


</span><span>If the proportion of shoppers paying by check remained unchanged among the three years, the anticipated number of shoppers who pay by check in year 1 is 175.

Each year records 500 customers, and the percentage of customers paying by check diminished from 45% to 25%. Assuming constant proportions, I interpreted the data as an average. Therefore, (225+175+125) / 3 = 525 / 3 = 175.</span>
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2 months ago
Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? (There may
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Answer:

Faculty Advisor or Research Mentor

IRB Office

Explanation:

The Institutional Review Board (IRB) primarily ensures the protection of human subjects' rights and well-being in research conducted under its jurisdiction.

Obtaining IRB approval is mandatory before initiating any research.

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4 0
3 months ago
Read 3 more answers
2. The city of Glendale borrows $48 million by issuing municipal bonds to help build the Arizona Cardinals football stadium. It
soldi70 [3635]

Response:

$5,917,965.66 annually

Clarification:

The sum of $48 million accounts for the total of all annuities after a decade. To determine how much the city of Glendale must allocate each year, we use the present value of annuity equation, outlined below.

P   = PV ×  r / 1 − (1+r)−n

Where P is the payment amount

PV = present value of annuity: $48,000,000.00

r = interest rate: 4 % = 0.04

n: number of periods: 10

P = $48,000,000 x {0.04/(1-(1+0.04)-10}

P = $48,000,000 x {0.04/ 1-0.6755641688)

P =$48,000,000x (0.04/0.3244358312)

P= $48,000,000 x 0.123290951

P= 5,917,965.66 per year

3 0
1 month ago
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