Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5ounces$2.00per ounce$13.00Direct labor 0.2hours$23.00per hour$4.60Variable overhead 0.2hours$6.00per hour$1.20The company reported the following results concerning this product in June. Originally budgeted output 2,700unitsActual output 2,800unitsRaw materials used in production 19,380ouncesPurchases of raw materials 21,400ouncesActual direct labor-hours 500hoursActual cost of raw materials purchases$40,660 Actual direct labor cost$12,050 Actual variable overhead cost$3,100 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the
materials are purchased.The variable overhead efficiency variance for June is:
A. $360 F
B. $360 U
C. $372 U
D. $372 F
Answer: A
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Northbrook Corporation is preparing a statement of cash flows. The following transactions occurred during the year: 1. Sold machinery for $9,000 cash. 2. Purchased a building for $80,000 cash. 3. Issued $70,000 worth of stock to acquire an airplane. 4. Converted long-term bonds by issuing $100,000 worth of stock. 5. Declared and paid a $10,000 cash dividend. Transaction 5 would be found on the
statement of cash flows in the A) noncash investing and financing transactions section. B) cash flows from financing activities section. C) cash flows from operating activities section. D) cash flows from investing activities section.
Discuss Web 2.0 technologies. Compare social media and web pages
Which statement is not part of the definition of leadership?
a. Process of providing general direction b. Connect and collaborate with people c. Influence of individuals or groups d. Successful attainment of goals
When making the decision to hire a new employee, which selection method will most likely not give you any prediction of future success?
A. Work-sample test B. Drug test C. Cognitive ability test D. Personality inventory E. Reference check