Which of the following is generally considered the most important element under fair use?

Rivera Mfg applies variable overhead based on direct labor hours (DLH) at a standard rate of $3.00 per DLH. The standard allows 2.5 DLH per unit. During the period, Rivera produced 14,000 units, used 32,000 actual DLH, and incurred $99,000 of actual variable overhead.  Compute the variable overhead efficiency variance.

Trawick Co. is considering equipment costing $80,000 that will generate equal annual net cash inflows of $20,000 for 5 years, with no salvage value. Using the present value of an annuity table below, the internal rate of return is closest to: Present value of an annuity of $1 Period 8% 10% 12% 1 0.92593 0.90909 0.89286 2 1.78326 1.73554 1.69005 3 2.57710 2.48685 2.40183 4 3.31213 3.16987 3.03735 5 3.99271 3.79079 3.60478

Custer Co. is evaluating a project: initial investment $[init]; net cash inflows Year 1 $[cf1], Year 2 $[cf2], Year 3 $[cf3]; no salvage. The discount rate is 10%. Using the factor tables below, compute the net present value. (Enter a negative number if negative.) Present value of $1 Period 8% 10% 12% 1 0.92593 0.90909 0.89286 2 0.85734 0.82645 0.79719 3 0.79383 0.75131 0.71178 4 0.73503 0.68301 0.63552 5 0.68058 0.62092 0.56743 Present value of an annuity of $1 Period 8% 10% 12% 1 0.92593 0.90909 0.89286 2 1.78326 1.73554 1.69005 3 2.57710 2.48685 2.40183 4 3.31213 3.16987 3.03735 5 3.99271 3.79079 3.60478

Standard costs __________________ .

A manufacturer with a clear, measurable link between inputs and outputs (e.g., pounds of material per unit) would most likely budget using the:

Willow & Vine is a coffee-and-pastry company. Match each unit to its most likely responsibility-center type.

Lessman Division is a revenue center. Its master budget called for total revenue of $1,000,000 on 20,000 units. Actual unit sales came in 5% above budget, but only because the division granted every customer a 4% discount off the budgeted list price. Lessman’s variable cost is $30 per unit. The division’s revenue variance is:

For each statement about the payback period method, select True or False. It considers the time value of money: [s1]It ignores cash flows that occur after the payback period: [s2]It measures a project’s overall profitability: [s3]It is a simple, quick screening tool that gauges how fast cash is recovered: [s4]

Which of the following is not a likely cause of a favorable materials price variance?