Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. 2. A paint manufacturing plant has two white pigments that are substitutable for the same product. Natural pigment costs ( $ 3 / )
1.
A paint manufacturing plant has two white pigments that are substitutable for the same product. Natural pigment costs \\( \\$ 3 / \\) gallon, and artificial pigment costs \\( \\$ 1 / \\) gallon. Standards call for \50 natural and \50 synthetic, but the actual ratio used was \60 natural and \40 synthetic. The actual total quantity of both ingredients was 30,000 gallons while the budgeted total quantity was 32,000 gallons. What is the mix variance for these ingredients? \\( \\$ 12,000 \\) favorable \\( \\$ 6,000 \\) favorable \\( \\$ 12,000 \\) unfavorable \\( \\$ 6,000 \\) unfavorable The Eccleston Company has the following budgeted sales: January \\( \\$ 40,000 \\), February \\( \\$ 53,333 \\), and March \\( \\$ 50,000.40 \\% \\) of the sales are for cash and \60 are on credit. For the credit sales, \50 are collected in the month of sale, and \50 the next month. What are the total expected cash receipts during March? \\( \\$ 54,000 \\) \\( \\$ 52,000 \\) \\( \\$ 53,000 \\) \\( \\$ 51,000 \\) A paint manufacturing plant has two white pigments that are substitutable for the same product. Natural pigment costs \\( \\$ 3 / \\) gallon, and artificial pigment costs \\( \\$ 1 / \\) gallon. Standards call for \50 natural and \50 synthetic, but the actual ratio used was \60 natural and \40 synthetic. The actual total quantity of both ingredients was 30,000 gallons while the budgeted total quantity was 32,000 gallons. What is the mix variance for these ingredients? \\( \\$ 12,000 \\) favorable \\( \\$ 6,000 \\) favorable \\( \\$ 12,000 \\) unfavorable \\( \\$ 6,000 \\) unfavorable The Eccleston Company has the following budgeted sales: January \\( \\$ 40,000 \\), February \\( \\$ 53,333 \\), and March \\( \\$ 50,000.40 \\% \\) of the sales are for cash and \60 are on credit. For the credit sales, \50 are collected in the month of sale, and \50 the next month. What are the total expected cash receipts during March? \\( \\$ 54,000 \\) \\( \\$ 52,000 \\) \\( \\$ 53,000 \\) \\( \\$ 51,000 \\) 2.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started