Standard costing also helps managers set target level performance and standards as well as sales prices of products. 2. Based on the purchase of 220,000 square yards of material and a difference of 25 cents from the actual price of $8.25 and standard price $8 leads to an unfavorable price variance of $55,000. As for the difference between the actual 110,000 material used and the 120,000 budgeted, once the budgeted $8 price is factored in we find a favorable quantity variance of $80,000.Finally the difference between an unfavorable $55,000 and favorable $80,000 we have a $25,000 favorable flexible budget variance. 3.
Two back up printers $1000 VS 30 users X $120 for the price of each printer = $3600 30 users X $120 for the price of each printer = $3600 DIVIDED BY $500 printer = 7 printers can bought and still be less expensive than each user getting individual printers Exercise 2.2.2 If each of the 30 users in an organization prints an average of 22 pages per hour and a shared printer has the capacity to print 180 pages per hour, how many shared printers will be needed to prevent overloading each printer’s capacity? Would there be a benefit to having more that the exact number needed? Justify your answer If 30 users averaged 22 pages per hour than that would be 660 pages an hour So if 1 printer can only print out 180 pages per hour you would need 4 printers to share the load. 4 printers averaging 180 pages per hour = 720 pages per hour. Also if having more that the exact number needed will help because you can average even higher pages per minute increasing production.
The investment for a new plant is 70 million dollars. If an entrant company has about 10% of the share (compared to the incumbent share of 35%) the profit for the company will be about 2 M. Ignoring the discount rate, it will take about 35 years to recover the cost of the new plant. This shows that the industry is capital intensive and it will be not an easy decision for a company to enter this industry. Additionally the plants are a scale intensive investment. For a 250 million sq ft plant the rate per square feet comes to 0.25 whereas for an 80 million sq ft facility this rate is 0.43.
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
For every $100 earned, $23 went to Uncle Sam. Or, "I had to make $130 to have $100 to spend." That’s a 23-percent tax-inclusive rate. Sales taxes, on the other hand, are quoted tax exclusive: "I bought a $77 shirt and had to pay that same $23 in sales tax." This is a 30-percent sales tax.
(57.10) 7 in. 3. What friction rate should be used to size a duct for a static pressure drop of 0.1 in wc if the duct has total equivalent length of 50 ft? (57.10) 0.2 4. What size metal duct should be used to deliver 270 CFM with a pressure drop of 0.15 in wc if the total equivalent length is 80 ft?
“Discuss the extent to which a monopoly provider of transport will always increase economic efficiency” (20) Economic efficiency is where both allocative and productive efficiency occur, this is where price is equal to marginal cost and the least possible amount of scarce resources are used to produce the maximum output. A monopoly can refer to a single firm in a market or owning 25% and 40% of the market share. The traditional monopoly theory states that there will be productive and allocative inefficiency in the market since, the firm will hold back supply to gain a higher price. It will not produce where average revenue meets marginal costs. In terms of resource allocation this may mean that demand is not fully met by supply.
20. mol H2 reacts with 8.0 mol O2 to produce H2O. Determine the number of grams reactant in excess and number of grams H2O produced. Identify the limiting reactant. 8.1 g H2 , 2.9 x 102 g H2O 17. How many litres of O2 gas are required to produce 100. g Al2O3?
The United States cast its field artillery iron, which although heavier, was cheaper and stronger. There were excellent supplies of high-grade iron ore in America and the resulting weapons rendered good service. Iron cannon foundries in Philadelphia had just developed manufacturing techniques that would result in stronger, lighter, iron cannon barrels in less time.
ECON 335 – International Economy Dr. Huiran Rachel Pan Homework 2_Answer(Chapters 4-7) Chapter 4 (End of Chapter Questions) 3. Consider the following data on the factor endowments of two countries, A and B: Countries A B 45 20 Labor Force (millions of workers) Capital Stock (thousands of machines) 15 10 (a) Which country is relatively capital abundant? (b) Which country is relatively labor abundant? (c) Suppose that good S is capital intensive relative to good T. Which country will have comparative advantage in the production of S? Explain.