heridan Company has a materials price standard of $2.00 per pound. 4300 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4300 pounds, although the standard quantity allowed for the output was 4000 pounds. Sheridan Company's total materials variance is

 $1,460 Unfavourable

Explanation:

Variance is calculated on various accounts in a company. The aim of this is to see if the company is spending more or less than it's budgeted figures for the activities in question. When a Variance is listed as Unfavourable it means that the Actual figures were more than the Budgeted figures. When it is listed as Favourable, that means that the figures are less than the Budgeted figures.

For Total Materials Variance, the following formula can be used,

Total Materials Variance = Actual Quantity*Actual Rate - Standard Quantity*Standard Rate

Actual Quantity = 4,300

Actual Price = $2.20

Standard Quantity = 4,000

Standard Price = $2.00

Total Materials Variance = (4,300 * 2.2) - (4,000 * 2)

= 9,460 - 8,000

= $1,460

Because the Actual Cost was more than the Standard/ Budgeted cost, this variance is Unfavourable.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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answer; coefficient of correlation;