John’s Golf Club Corporation produces golf clubs.  In July, it expected that the cost of direct materials would amount to $75 for each set of golf clubs produced.  Although the company had expected to produce 13,000 sets of golf clubs during July, the company actually only produced 12,350 sets of golf clubs.  The actual cost of direct materials per set of golf clubs amounted to $78. What is the flexible budget variance for direct materials?

A company has the following standards for manufacturing one unit of its product:•Direct Materials: 60 pounds at $1.50 per pound•Direct Labor: 3 hours at $12 per hour During May, the company had budgeted to produce 1,800 units of its product, but actually only produced 1,650 units.  The following data relate to actual outcomes from May:•The company purchased 114,000 pounds of materials for $188,100. They used all 114,000 pounds of materials in production.•Total direct labor cost amounted to $56,265 for the 5,115 direct labor hours incurred during May. What is the company’s direct labor rate variance for May?

The ______ Committee is a special procedural committee that schedules bills that already have been approved by other committees for floor debate in the Texas House.

Barbeque King is a restaurant with 3 different restaurant locations: Miami, Tallahassee, and Orlando.  The company allocates common fixed costs equally to each location.  The company’s total operating income during the year 2017 was $109,000.  Information about the restaurant locations from the year 2017 follows: Miami Tallahassee Orlando Total Sales $150,000 $250,000 $105,000 Total Variable Costs $105,000 $100,000 $75,000 Traceable Fixed $43,000 $20,000 $32,000 Costs Common Fixed Costs     $7,000    $7,000    $7,000 Operating Income -$5,000   $123,000 -$9,000   Suppose that the Miami restaurant location were eliminated at the beginning of the year 2017.  That is, assume that during the year 2017 the company only had the Tallahassee and Orlando restaurant locations.  What would the company’s total operating income have been for the year 2017?

Suppose a company uses process costing. For the month of August, Department A has zero units in beginning work in process inventory. During August, 300 units of the company’s product are started by Department A. At the end of August, 200 of the units were completed and transferred to Department B; the other 100 units were fully processed with respect to direct materials and were, on average, 30% processed for conversion costs. During August, Department A incurred direct materials costs of $27,000, and conversion costs of $57,500. For Department A, what is the cost per equivalent unit for direct materials for the month of August?

The basic role of the Texas legislature is similar to that of _____ at the federal level.

A company has the following standards for manufacturing one unit of its product:•Direct Materials: 60 pounds at $1.50 per pound•Direct Labor: 3 hours at $12 per hour During May, the company had budgeted to produce 1,800 units of its product, but actually only produced 1,650 units.  The following data relate to actual outcomes from May:•The company purchased 114,000 pounds of materials for $188,100. They used all 114,000 pounds of materials in production.•Total direct labor cost amounted to $56,265 for the 5,115 direct labor hours incurred during May. What is the company’s direct materials price variance for May?

Unless otherwise noted, for any questions that require rounding, round intermediate calculations to 4 decimal places and round your final answer to the same decimal place as the potential answer choices that are presented.   Be sure to read all of the possible answer choices because some questions include potential answers of “all of the above” or “none of the above.”   There are 25 questions, each worth 5 points.

A procedure that allows a senator to speak against a bill for as long as he or she can stand and talk is a

If no candidate in the direct primary election receives a majority, the two top vote- getters must face each other in a ___________ election.