Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 24,000poundsStandard price of direct materials$6.00per poundMaterial price variance$6,000UnfavorableMaterial quantity variance$2,400Favorable?The actual price per pound of direct materials purchased in June was:
A. $6.10 per pound
B. $6.25 per pound
C. $6.30 per pound
D. $5.90 per pound
Answer: B
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In 2012, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2016 that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for 2016 is
a. $11,636 b. $16,000 c. $11,000 d. $8,000
If a prospective client does not want to buy from you because she feels the price is too high, you are facing an objection due to ________
A) psychological resistance B) logical resistance C) apathy D) relationship inertia E) reactance
Mighty Safe Fire Alarm is currently buying 50,000 motherboard from MotherBoard's Inc at a price of $65 per board. It was suggested at the last manager's meeting that the company should consider making its own boards. The costs to make the part are as follows: Direct Materials $32 per unit, Direct labor $10 per unit, Variable Factory Overhead $16.00, Fixed Costs for the plant would increase by
$75,000. As the financial advisor, what would you recommend? A) Buy - $75,000 more in profits B) Make - $275,000 increase in profits C) Buy - $275,000 more in profits D) Make - $350,000 increase in profits
The difference between larceny and robbery is that
a. larceny involves the use of force, but robbery does not. b. robbery is intentional, but larceny is unintentional. c. larceny and robbery both involve the use of force. d. robbery involves the use of force, but larceny does not.