The following material standards have been established for a particular product: standard quantity per unit of 6.8 meters standard $14.40 per meter

the following data pertain to operations concerning teh product for the last month:

actual materials 4,400 meters

actual cost of materials $60,500

actual materials used in ,800 meters

actual units

q: what is the materials price variance for the month?

a: $14,850 u

b: $8,250 u

c: $8,640 u

d: $2,860 f

$2,860

Explanation:

Direct materials price variance = (SP – AP) * AQ

Where SP = Standard Price

AP = Actual Price

AQ = Actual Quantity

SP = $14.4

AP = Actual Cost of material purchased ÷ Actual Quantity of material purchased

AP = 60500 ÷ 4400

AP = $13.75 per meter

Materials price variance

= AQ * (AP - SP)

= 4,400 * ($14.40 - $13.75)

= 4,400 * ( $ 0.65 )

= $2,860

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

d) social security number

let me know if i am correct or not, so i can edit the answer.