JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's direct materials usage variance for 2012?
A) $2,800 F
B) $2,800 U
C) $2,688 F
D) $2,688 U
B
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"We have agreed with the client on the simple topics in the contract, using back-and-forth e-mails and edited files. However, the next topics in the contract are going to be difficult to negotiate," said Jonas. "I will call the client and suggest that we meet in their offices for a few days, face-to-face, to hammer out an agreement on the tough topics." Why did Jonas suggest this approach?
A. In online bargaining, negotiators distrust one another more than in face-to-face negotiations. B. In online bargaining, communicators can pick up on subtle, nonverbal clues. C. In online bargaining, decisions will be more quickly made, of higher quality, and more satisfying. D. In online bargaining, complex problems can be solved. E. In online bargaining, people are confident that they will be highly satisfied with the outcome.