5, 6) Lima Parts, Inc., shows the following overhead information for the current period: Actual overhead incurred $ 29,400 2/3 of which is variable Budgeted fixed overhead $ 8,640 per hour Standard variable overhead rate per direct labor-hour $ 9.00 Standard hours allowed for actual production 2,350 hours Actual labor-hours used 2,200 hours ________________________________________ Required: What are the variable overhead price and efficiency variances and fixed overhead price variance? (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Amounts Variable overhead: Price variance $ (0%) (0%) Efficiency variance $ (0%) (0%) Fixed overhead: Price variance $ (0%) (0%) ________________________________________ P16-45 Overhead Variances (L.O.
BAB 230 091 Research Paper Assignment (worth 25% of the final grade) Selection of Topics due Week 3, Class 1 Handing in of Paper due Week 9, Class 1 Working individually prepare a 6 page (plus or minus one-half page) paper (double-spaced, 12 font size, times new roman or similar sized font, not including cover page or “Works Cited” page) on one of the research paper topics described below, or a topic of your choice approved by me in advance. The assignment is due by the beginning of class in week 9, class 1, our first class after Study Week. It should be handed in both electronically and in hard copy. Up to three persons may select the same topic but each person must work individually. If there is plagiarism all persons involved risk receiving a grade of zero for the
8. award: 1 out of 1.00 point How many units are in ending work in process inventory in the first processing department at the end of the month? 500 6,800 900 300 Units in ending
3.1.10 Cash Budget The cash budget is “an estimation of the cash inflows and outflows for a business for a specific period of time. Cash budget are used to assess whether the entity has sufficient cash to fulfil regular operations and whether too much cash is being left in unproductive capacities”. (Reference 2) The cash budget is prepared in advance for the first 6 months, and a cash deficit of £20,364 and £2,228 were incurred in January and February. A second-hand bottling plant was purchased in January which cost £420,000. The business required £30,000 cash for working capital.
Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time.
Answers to Week Two Homework Assignment ( Assignment 1) Chapter 7 Exercise 13 You should choose a sample size of 1000 people. Although the law of averages tells you that the average of 1000 people is very likely to be close to 60 inches -- and thus under 65 inches tall -- here you are winning a prize for each person over 65 inches tall, not when the average of all the people is over 65 inches tall. Having a larger sample will give you more chances at getting the prize. The law of averages pertains to the variability of a sample average -- not variability in individual data values themselves. Here, we are concerned with individual data values.
(Two points can be earned: 1 point for the correct setup, and 1 point for the correct answer.) Note: The student can either begin with the difference between the answers for (a)(i) and (a)(ii) or take 10 percent of the answer from (a)(i). Metric conversions do not necessarily have to be shown. 100 m3 drainage water 1 year 0.2 g Cd 1 m3 1 kg 1,000 g = 0.2 kg Cd/year (c) What is the annual cost of treating the leachate from the drainage system? (Two points can be earned: 1 point for the correct setup, and 1 point for the correct answer.)
A: 40,500/10=4050 B: 33,600/9=3733 C: 36,000/8=4500 D: 19,000/7=2714 E: 23,500/6=3916 Total Straight-line depreciation = $18,913 Total Cost = $152,600 Depreciation Rate = 18,913/152,600 = 12.4% (b) Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Depreciation – Plant Assets 18,913
The plan is amended by the company, a move which causes a decrease in the projected benefit obligation. 23. The Aberdeen Company maintains a defined benefit pension plan for its employees. On January 1, Year Four, this pension plan is amended so that employees can retire at the age of 64 rather than 65. As a result of this decision, the projected benefit obligation on that date increases by $2 million.
The Effect of Fast Food Restaurants on Obesity Janet Currie, Stefano DellaVigna, Enrico Moretti, and Vikram Pathania NBER Working Paper No. 14721 February 2009, Revised October 2009 JEL No. I1,I18,J0 ABSTRACT We investigate the health consequences of changes in the supply of fast food using the exact geographical location of fast food restaurants. Specifically, we ask how the supply of fast food affects the obesity rates of 3 million school children and the weight gain of over 3 million pregnant women. We find that among 9th grade children, a fast food restaurant within a tenth of a mile of a school is associated with at least a 5.2 percent increase in obesity rates.