The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0  hours Standard labor rate $15.10  per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,100  hours Actual total labor cost $119,880   Actual output 800  units What is the labor rate variance for the month?

Well Drill Servicing Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.   Fixed Element per Month Variable Element per Well Serviced Revenue   $4,500 Employee salaries and wages $56,400 $ 900 Servicing materials   $ 700 Other expenses $35,400   When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced. However, 32 wells were actually serviced during December. The “Employee salaries and wages” in the flexible budget for December would have been closest to:

Poorly trained workers could have an unfavorable effect on which of the following variances?   Labor Rate Variance Materials Quantity Variance A) Yes Yes B) Yes No C) No Yes D) No No

An automated turning machine is the current constraint at Vick Corporation. Three products use this constrained resource. Data concerning those products appear below:   LA JB RX Selling price per unit $ 168.82 $ 313.84 $ 403.08 Variable cost per unit $ 139.72 $ 245.80 $ 287.56 Minutes on the constraint 1.50 4.20 7.60 Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)

Hancock Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month Hancock purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for January is:

Rain Jewelry’s records for November showed that the actual quantity of gold colored material purchased was 6,500 ounces at an actual price of $3.80 per ounce. The total cost of the gold material purchased was $24,700.  All of the gold material purchased was used during November to manufacture 2,000 plaques.  Rain Jewelry’s standards require that one plaque requires 3 ounces of gold material at a standard cost of $4.00 per ounce. The materials price variance for November is:

Automotive Manufacturing is presently making part Z43 that is used in one of its products. A total of 5,000 units of this part are produced and used every year. Automotive’s Accounting Department reports the following costs of producing the part at this level of activity:   Per Unit Direct materials $ 1.10 Direct labor $ 3.10 Variable overhead $ 6.90 Supervisor’s salary $ 5.80 Depreciation of special equipment $ 5.20 Allocated general overhead $ 5.60 An outside supplier has offered to produce and sell the part to Automotive for $20.80 each. If this offer is accepted, the supervisor’s salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier’s offer were accepted, only $4,000 of these allocated general overhead costs would be avoided.If management decides to buy part Z43 from the outside supplier rather than to continue making the part, what would be the annual financial advantage (disadvantage)?

Earl, driving while intoxicated, causes a car accident that results in the death of Frank. Earl is arrested and charged with a felony. A felony is a crime punishable by death or imprisonment for more than

Gail is a private lender who is charged with filing false claims in bankruptcy proceedings against her debtors. The standard of proof to find a defendant who has been charged with a crime guilty is

A verdict of not guilty means: