5) Information about Clearwater Company's direct materials cost follows: Standard price per materials ounce $ 100 Actual quantity used 8,700 grams Standard quantity allowed for production 9,100 grams Price variance $ 76,125 F ________________________________________ Required: What was the actual purchase price per gram? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Actual purchase price $ 91.25 Total grade: 0.0×1/1 = 0% Feedback: Actual Costs = AP × 8,700 Actual Inputs at Standard Price = $100 × 8,700 =$870,000 Price Variance = $76,125 F 8,700 × AP = $870,000 – $76,125 AP = $91.25 ________________________________________ Question 3: Score
1B You decide to save money by changing your electricity supplier. Think about the cost and the price promise. Which supplier will you choose? I would choose E-city company because is the cheapest one and they mentioned that the price will not increase on the next year. 1C All bills are shared equally between the four of you.
23. Because you can only obtain more of one good by giving up some of another good, the shape of a production possibility curve is _______________. 24. Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100.
Note that the actual state rate is reduced by 25% to allow for the deductibility of state income taxes on the federal income tax return. Thus, she should choose the corporate bond. When the state rate is 10%, Dana would achieve the following returns from the Treasury bond or the corporate bond: The Treasury bond would still yield $1,125 or $30,000 x [.05 x (1-.25)] after tax because state rates don’t affect after- tax returns from Treasury bonds. The corporate bond yields $1,215 or $30,000 x [.06 x (1 - .25 - .10(1-.25))] after tax. Again, note that the actual state rate is reduced by 25% to allow for the deductibility of state income taxes on the federal income tax return.
4. Starting with variable overhead we have a favorable spending variance of $10,000 as the $160,000 actual variable overhead(calculated by the 330,000 total OH minus the 170,000 fixed OH) is less than the
This is a 30-percent sales tax. Or, "I spent a dollar, 77¢ for the product and 23¢ in tax." This rate, when programmed into a point-of-purchase terminal, is 30 percent. Note that no matter which way it is quoted, the amount of tax is the same. Under an income tax rate of 23 percent, you have to earn $130 to spend $100.
Brown Stock 4. Unimproved Land A charitable gift of property results in a deduction of the property's FMV. Therefore, contributing loss property (where FMV < basis) such as the unimproved land, should be avoided since the loss would never be recognized. For a more favorable tax result, a good option would be to sell the property at a loss, and then donate the proceeds to charity. The Maize stock would result in a long term capital gain property deduction of 200,000, the stock's FMV, and the recognition of the associated gain could be avoided.
Other fixed and variable costs are 40 per cent which allows 10 per cent profit per dollar. An increase in marginal costs will affect marginal revenue. Fortunately for the Snack Cart, the marginal cost does not greatly impact marginal demand. Dedicated customers are willing to pay the price in order to have their favorite products available in the manner they have grown accustom. The purchase price of supplies and products does not fluctuate so significantly that marginal revenue is affected unless there are weather-related events which create a decrease in supply.
9.the primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are: 10.The ____ is the ratio of ____ to the ____. 11.Sources of positive net present value projects include 12.Receiving $100 at the end of the next three years is worth more to me than receiving $260 right now, when my required interest rate is 10%. 13.The number of standard deviations z that a particular value of r is from the mean ȓ can be computed as z = (r - ȓ)/ Suppose that you work as a commission-only insurance agent earning $1,000 per week on average. Suppose that your standard deviation of weekly earnings is $500. What is the probability that you zero in a week?
[pic] Chapter 1: Problem 2 A. Opportunity Set The individual can consume everything at time 2 and nothing at time 1, which, assuming a riskless lending rate of 10%, gives the maximum time-2 consumption amount: $20 + $20 ( (1 + 0.1) = $42. Instead, the individual can consume everything at time 1 and nothing at time 2, which, assuming a riskless borrowing rate of 10%, gives the maximum time-1 consumption amount: $20 + $20 ( (1 + 0.1) = $38.18