Peak LLC makes a product with the following standard costs:   Standard Quantity or Hours Standard Price or Rate Direct materials 9.8 kilos $ 7.30 per kilo Direct labor 0.3 hours $ 33.00 per hour Variable overhead 0.3 hours $ 7.30 per hour The company reported the following results concerning this product in November. Actual output 4,500 units Raw materials used in production 30,330 kilos Purchases of raw materials 32,900 kilos Actual direct labor-hours 1,110 hours Actual cost of raw materials purchases $ 208,920   Actual direct labor cost $ 24,036   Actual variable overhead cost $ 8,840   The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The variable overhead rate variance for November is:

How does cultural humility differ from cultural competence? 

Data concerning Red Co’s single product appear below: Selling price per unit $ 180.00 Variable expense per unit $ 68.40 Fixed expense per month $ 130,200 The break-even in monthly dollar sales is closest to:

Rock Inc., processes grapes in batches. A batch of grapes costs $36 to buy from farmers and $10 to crush in the company’s plant. Two intermediate products, grape pulp and grape juice, emerge from the crushing process. The grape pulp can be sold as is for $24 or processed further for $16 to make the end product industrial fiber that is sold for $36. The grape juice can be sold as is for $44 or processed further for $34 to make the end product wine that is sold for $70. What is the financial advantage (disadvantage) for the company from processing the intermediate product grape juice into wine rather than selling it as is?

Penn Corporation and Senn Company merged as of January 1, 20X4. To effect the merger, Penn paid finder’s fees of $30,000 legal fees of $15,000 audit fees related to the stock issuance of $9,000 stock registration fees of $6,000 stock listing application fees of $5,000 Based on this information, what amount relating to the business combination would be expensed under the acquisition method?

Assuming no impairment in value prior to transfer (internal expansion), assets transferred by a parent company to another entity it has created should be recorded by the newly created entity at the assets’ [blank].

Blue Co., a company that produces and sells a single product, has provided its contribution format income statement for March. Sales (4,700 units) $ 126,900 Variable expenses 59,643 Contribution margin 67,257 Fixed expenses 50,400 Net operating income $ 16,857 If the company sells 5,500 units, its total contribution margin should be closest to:

The following standards have been established for a raw material used to make a product: Standard quantity of the material per unit of output 7.5 meters Standard price of the material $ 18.70 per meter The following data pertain to a recent month’s operations: Actual material purchased 3,800 meters Actual cost of material purchased $ 74,480   Actual material used in production 3,500 meters Actual output 540 units of product  The direct materials price variance is computed when the materials are purchased. What is the materials quantity variance for the month? Note: in order to get full credit for the problem, you must type your answer formatted exactly as directed; otherwise, you are at risk for not receiving appropriate credit. Please type your answer with dollar signs and commas, but NO SPACES between the number and letter. Here is the correct formatting: $0,000U

Gray Inc. makes a product that uses a material with the following standards: Standard quantity 7.5 liters per unit Standard price $2.00 per liter Standard cost $15.00 per unit The company budgeted for production of 3,300 units in July, but actual production was 3,400 units. The company used 26,200 liters of direct material to produce this output. The company purchased 19,600 liters of the direct material at $2.1 per liter. The direct materials price variance is computed when the materials are purchased. The materials quantity variance for July is:

Pine Inc produces and sells 15,100 units of Product J each month. The selling price of Product J is $21 per unit, and variable expenses are $15 per unit. A study has been made concerning whether Product J should be discontinued. The study shows that $72,000 of the $101,000 in monthly fixed expenses charged to Product J would not be avoidable even if the product was discontinued. If Product J is discontinued, the monthly financial advantage (disadvantage) for the company of eliminating this product should be: