Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 7.6 ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hourThe company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,800 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 The variable overhead efficiency variance for
the month is closest to:
A. $318 U
B. $336 F
C. $336 U
D. $318 F
Answer: A
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Which of the following benefits does technology bring to employees?
A. It reduces staff costs and overhead. B. It reduces their stress levels. C. It frees them from mundane tasks. D. It frees them from reassignment or dismissal.
Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information about Norwood, Inc If Norwood uses the units-of-production method, what is the depreciation rate per
hour for the equipment? a. $4.00 b. $5.00 c. $6.00 d. $7.50
The minimum rate of return is also known as
a. hurdle rate b. payback period c. net present value d. cost of debt
Which of the determinants of service quality involves having the customer's best interests at heart?
A) access B) courtesy C) credibility D) responsiveness E) tangibles