42.Managers develop price standards when they determine what amount should be paid for the quantity of input to be used.
True
False
Answer -True Managers develop price standards when they determine what amount should be paid for the quantity of input to be used.-True |
42.Managers develop price standards when they determine what amount should be paid for the quantity of...
The standard quantity per unit defines the ________. price that should be paid for each unit of direct materials. total cost of direct materials that should be used for each unit of finished product. amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage. amount of direct labor-hours that should be used to produce one unit of finished goods. A flexible budget performance report for...
True or false, managers should except special orders provided the special order price exceeds the product cost per unit under absorption costing. please explain why it is either true or false
True or False The transfer price should be an amount between the market price and the variable cost.
What do the managers at Vision X mean when they say their goal was to develop visibility into BOMbs ? 11:18 2
10.00 points The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.9 grams $12.00 per grams The following data pertain to operations concerning the product for the last month 3,800 grams Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output S 44,270 3,100 grams 570 units The direct materials purchases variance is computed when the materials are purchased Required a. What is the materials...
10. When is the material quantity variance favorable? when the actual quantity used is greater than the standard quantity when the actual quantity used is less than the standard quantity when the actual price paid is greater than the standard price when the actual price is less than the standard price 12. What are some possible reasons for a labor rate variance? hiring of less qualified workers an excess of material usage material price increase utilities usage change 14. When...
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.9 grams Standard price $12.00 per grams The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production 3.800 grams $ 44.270 3100 grams 570 units Actual output The direct materials purchases variance is computed when the materials are purchased. Requlrec a. What is the materials price variance...
If, when price changes by 35 percent, the quantity demanded changes by 7 percent, then the absolute value of the price elasticity of demand is 5. True False
42. Demand Equation The price p and the quantity x sold of a certain product obey the demand equation x20p +500, 0sps 25 (a) Express the revenue R as a function of x. (b) What is the revenue if 20 units are sold? (c) What quantity x maximizes revenue? What is the maxi- mum revenue? (d) What price should the company charge to maximize rev- enue?
9) The production department should generally be responsible for materials price variances that resulted from: A) purchases made in uneconomical lot-sizes. B) rush orders arising from poor scheduling. C) purchase of the wrong grade of materials. D) changes in the market prices of raw materials. 10) The variable overhead efficiency variance does not actually measure how efficiently variable manufacturing overhea sources were used. A) True B) False LAST NA 11) A quantity standard indicates how much of an input should...