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 sales price variance for 2012?
A) $15,000 F
B) $15,000 U
C) $16,800 F
D) $16,800 U
C
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A) imagery B) judgment C) resonance D) salience E) performance
Equipment was purchased for $117,000. It had an estimated residual value of $18,000 and has a current carrying value of $75,000. Its depreciable cost must have been
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Answer the following statements true (T) or false (F)
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After a couple of months of conducting his job search externally, DeShaun has attained a few promising leads
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