Business, 19.10.2019 11:20 kaykaystark5528
Harmon household products, inc., manufactures a number of consumer items for general household use. one of these products, a chopping board, requires an expensive hardwood. during a recent month, the company manufactured 3,400 chopping boards using 2,482 board feet of hardwood. the hardwood cost the company $16,381. the company’s standards for one chopping board are 0.64 board feet of hardwood, at a cost of $7.00 per board foot. required: 1. according to the standards, what cost for wood should have been incurred to make 3,400 chopping blocks? how much greater or less is this than the cost that was incurred? number of chopping blocks 3,400number of board feet per chopping block 0.64standard board feet allowed 2,176standard cost per board foot $7.00total standard cost $15,232actual cost incurred $16,381standard cost 15,232spending variance—unfavorable $1,149 2. break down the difference computed in (1) above into a materials price variance and a materials quantity variance.(indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero price variance $2,142 umaterials quantity variance $993 f
Answers: 2
Business, 23.06.2019 02:00, rohan13
Opportunity cost is calculated by which of the following? a. adding the value of all lost opportunities. b. subtracting all costs from the total benefit. c. calculating the cost of time, energy, and sacrifice. d. finding the value of the best option that is not chosen.
Answers: 1
Business, 23.06.2019 03:20, briyuna15
Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)
Answers: 3
Business, 23.06.2019 08:50, 20stirltrer
Walking through the grocery store, ramon sees a "buy 2, get 1 free" deal on laundry detergent. even though he currently has plenty of detergent he decides to take home all three bottles. ramon's decision seems to have been based mostly on his immediate need for the detergent the low price of alternative brands the limited income he presently earns the sale price offered for the detergent
Answers: 1
Harmon household products, inc., manufactures a number of consumer items for general household use....
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