Direct Materials Variances De Soto Inc. produces tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 770 tablets during July. However, due to LCD defects, the company actually used 800 LCD displays during July. Each display has a standard cost of $12.50. Eight hundred LCD displays were purchased for July production at a cost of $9,400. Determine the price variance, quantity variance, and total direct materials cost variance for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance$fill in the blank 1 Quantity variance$fill in the blank 3 Total direct materials cost variance$fill in the blank 5

Answer:

Please see below

Explanation:

1. In order to calculate the Direct material price variance , we would have to use the formula below ;

Direct material price variance

= (Standard price - Actual price) × Actual quantity purchased

= ($12.5 - Actual cost) × 800

= $12.5 × 800 - $9,400

= $10,000 - $9,400

= $600 favourable

2. In order to calculate the direct material quantity variance, we would make use of the formulae below

Direct material quantity variance

= (Standard quantity - Actual quantity) × Standard price

= (770 - 800) × $12.5

= $375 unfavorable

3. The total direct material cost variance for July

= Direct material price variance + Direct material quantity variance

= $600 - $375

= $225 favourable

Unsecured personal loans are based on ________., a. property values, b. collateral, c. private lending, d. creditworthiness

In 2021, it was discovered that a company had debited expense for the full cost of an asset purchased on January 1, 2018. The cost was $42 million with no expected residual value. Its useful life was 7 years and straight-line depreciation is used by the company. The correcting entry assuming the error was discovered in 2021 before the adjusting and closing entries includes:

A marketing plan

describes the economic structure of a specific country
focuses on customers' needs and target market
identifies the methods a company will use to produce goods
provides an analysis of a business's strengths and weaknesses

The _____ is the person who provides support or obtains funding.


stakeholder
project manager
customer
sponsor

06:02 MC)
An automobile company is building a new factory in your town. What may be a positive externality of this event? (1 point)

a
Noise produced by the workers and factory machines

b
Better schools from increase in property tax revenue

c
Reduction of contaminants in the local water supply

d
Improvement in the level of pollutants in the air

Explain the effect on firms and labor market

High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,495 $198,720 2,650 223,450 3,795 309,120 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 1,900 units of production. Total cost for 1,900 units: $fill in the blank 3

XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:
Current Year Previous Year
Balance Sheet at December 31
Cash $ 33,300 $ 28,250
Accounts Receivable 34,000 27,500
Inventory 40,000 37,500
Equipment 113,500 95,000
Accumulated Depreciation—Equipment (29,000) (24,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500
Salaries and Wages Payable 1,500 1,650
Note Payable (long-term) 33,500 39,000
Common Stock 85,600 72,100
Retained Earnings 36,200 24,500
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional Data:
Bought equipment for cash, $18,500.
Paid $5,500 on the long-term note payable.
Issued new shares of stock for $13,500 cash.
No dividends were declared or paid.
Other expenses included depreciation, $4,500; salaries and wages, $19,500; taxes, $5,500; utilities, $6,300.
Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.
Required:
1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
XS SUPPLY COMPANY
Statement of Cash Flows
For the Year Ended December 31
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:

Which of the following is a disadvantage of using a percentage-of-sales method to determine the marketing communications budget? A) It assumes competitors know better than the company's own planners. B) It results in high communication expenditures irrespective of what the company can afford. C) It is overly focused on the relationship among communication cost, selling price, and profit per unit. D) It treats sales as what determines communication, rather than as the result of effective communication. E) It is too focused on long-range planning.

The following is a list of six control plans.

Control Plans
a. Review shipped not billed sales orders
b. Turnaround documents
c. Deposit slip file
d. Procedures for rejected inputs
e. Computer agreement of batch totals
f. Document design

These are followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure).

Control Goals or System Deficiencies
1. The shipping clerk could not read the quantity picked that had been written on the picking ticket by the warehouse clerks.
2. In a periodic/batch environment, helps to ensure the information system control goal of input completeness of the shipping notices.
3. Helps to ensure that all shipments are billed in a timely manner.
4. Meets the operations system control goal of efficiency of resource use by reducing the number of data elements to be entered from source documents.
5. Provides an "audit trail" of deposits.


Match the five control goals or system deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. A letter may be used only once, with one letter left over.

During the current year, Esty Company replaced the roof on its manufacturing facility with a better roof that also extended the useful life of the facility. The cost of the new roof was $130,000. The old roof cost $92,000 and had accumulated depreciation of $60,000. The company received nothing for the old roof. Which of the following will be included in the journal entry to record the replacement of the roof?
a. Debit - Loss on Disposal $32,000
b. Credit - Building $32,000
c. Debit - Repair Expense $130,000
d. Debit - Building $38,000

Sean just graduated from college and is now in the market for a new car. He has saved up to $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599 and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes a dealership check for $4,000 and takes out a loan for the remainder of the purchase price.
Identify what role money plays in each of the following parts of the story. (Medium of exchange, unit of account, or store of value)
A. Sean writes a check for $4,000.
B. Sean can easily determine that the price of the Super is more than the price of the Duper.
C. Sean has saved $4,000 in his checking account.

The healthy worker effect refers to the observation that: A.healthy persons are more likely to gain employment than unhealthy persons. B.All are correct. C.unemployed persons tend to have lower mortality than employed persons. D.exercise on the job causes workers to become healthy and gain years of life.

the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the face value is $1000?​

Suppose the corporate tax rate is 30%. Consider a firm that earns $3,500 in earnings before interest and taxes each year with no risk. The firm's capital expenditures equal its depreciation expenses each year, and it will have no changes to its net working capital. The risk-free interest rate is 5%. a) Suppose the firm has no debt and pays out its net income as a dividend each year. What is the value of the firm's equity

Jack and Jill have gone out for cycling and they have come to a place where the road is obstructed by a fallen tree. They can move the tree if both of them try. If none of them​ tries, they have to turn back and reach home very late.​ However, if one of them tries while the other does not​ help, the one who tries will have a muscle sprain and will not be able to move the tree. The matrix below shows the utility each of them derives in each situation. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player.
Jill
Tries Does not try
Jill Tries 5 5
5 2
Does not try -2 -2
-5 -2
1. Refer to the scenario above. Jack will derive​ ________ units of utility if both of them try to move the tree.
A. 5
B. −5
C. −2
D. 10
2. Refer to the scenario above. Jack will derive​ ________ units of utility if Jill tries to move the tree while he does not try at all.
A. 5
B. −5
C. −2
D. 10
3. Refer to the scenario above. Jack and Jill will derive maximum utility​ if:
A. Neither of them tries to move the tree.
B. Jack tries to move the​ tree, while Jill does not.
C. Jill tries to move the​ tree, while Jack does not.
D. Both of them try to move the tree.
4. Refer to the scenario above. Which of the following is true in this​ case?
A. Jill is better off by not trying if Jack tries to move the tree.
B. Jack is better off by trying to move the tree if Jill does not try at all.
C. Jack is better off by trying to move the tree if Jill tries to move the tree.
D. Jill is better off by trying to move the tree if Jack does not try at all.
5. Refer to the scenario above. This game​ ________.
A. does not have a dominant strategy equilibrium
B. does not have a Nash equilibrium
C. has a unique Nash equilibrium
D. has a unique dominant strategy equilibrium

Oriole Company had the following transactions during 2022: 1. Issued $310000 of par value common stock for cash. 2. Recorded and paid wages expense of $148800. 3. Acquired land by issuing common stock of par value $124000. 4. Declared and paid a cash dividend of $24800. 5. Sold a long-term investment (cost $7440) for cash of $7440. 6. Recorded cash sales of $992000. 7. Bought inventory for cash of $396800. 8. Acquired an investment in Zynga stock for cash of $52080. 9. Converted bonds payable to common stock in the amount of $1240000. 10. Repaid a 6-year note payable in the amount of $545600. What is the net cash provided by financing activities

Bridgeport Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows. Employee Future Years of Service Jim 3 Paul 4 Nancy 5 Dave 6 Kathy 6 On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $87,120. Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of-service method, setting up appropriate schedules.

You need a 30-year, fixed-rate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360-month loan. However, you can afford monthly payments of only $925, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $925? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Balloon payment

Assume Division A has provided the following information regarding the one product that it manufactures and sells on the outside market: Selling price per unit (on the outside market) $ 100 Variable cost per unit $ 65 Fixed costs per unit (based on capacity) $ 10 Capacity in units 30,000 Division A has been offered the opportunity to sell 5,000 units of its only product to another division within the same company. The other division can either agree to a transfer price with Division A or purchase a comparable product on the outside market for $100. If Division A is currently selling 28,000 units on the outside market, what is the range of acceptable transfer prices between the two divisions

The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
Rhinebeck Company
Product-Line Income Statement
For the Month Ended October 31
Hats Gloves Mufflers
Sales $71,000 $105,700 $45,000
Cost of goods sold (32,600) (42,300) (27,000)
Gross profit $38,400 $63,400 $18,000
Selling and administrative27400 (42,800) (25000)
expenses
Operating income (loss) $11,000 (20,600) $(7,000) Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued.
Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).

Assume that a war breaks out abroad, and foreign investors choose to invest more in a large safe country, the United States. Then, the U.S. real interest rate:_________.

At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $490,000.
Requirement 1:
Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Vacay Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Requirement 2:
Now assume that Vacay Corporation uses the aging-of-receivables method. Vacay Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $27,000.
Calculate the amount of its Uncollectible-Account Expense.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

Which of the following would NOT fall
under the work responsibilities of a
Civil Engineer?
A. Being up to date on the newest machinery.
B. Changing the landscape of a main city street.
C. Working in an office behind the scenes of a project.
D. Problem solving where a new road needs to be
placed.

On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,200 and 3,000 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.

What are the most likely options for Maggie in the
future? Check all that apply.
find a new job that will pay a better income
find out how much flood insurance costs
learn what would be covered by flood insurance
look into buying a new house and brand-new
furniture
decide if the flood insurance costs will benefit her
in the future

5) In class we discussed different shocks; for each of the following, describe how monetary policymakers would respond (if at all) to stabilize economic activity. a. A reduction in autonomous consumption. related to consumer spending. b. An increase in government expenditures. c. An appreciation of the dollar relative to other currencies.

Uri would like to change the font color in a group of cells. In which part of the Excel window should he look for font color
controls?
the Quick Access toolbar
the ribbon
the worksheet
the formula bar

Hartley​ Electronics, Inc., in​ Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the​ owner, Janet​ Hartley, to reduce inventory by introducing a kanban system. After several hours of​ analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this​ connector?
Daily demand 600 connectors
Lead time 2 days
Safety stock 50 days
Kanban size 500 connectors