Elgin Company's budgeted fixed factory overhead costs are $50,00 . per month plus a variable factory overhead rate of $4.00 per direct labor hour. The standard direct labor hours allowed for October production were 20,000 . An analysis of the factory overhead indicates that in October, Elgin had an unfavorable flexible-budget variance of $1,500 and a favorable production-volume variance of $500
Elgin uses a two-variance analysis of overhead variances. The applied factory overhead in October is:
a. $129,500.
b. $128,000.
c. $130,000.
d. $130,500.
d
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A person's overall satisfaction with work depends on how he or she feels about several components. Which of the following is not one of these components?
A. life outside of work B. pay C. promotions D. coworkers E. supervision
Customer G. Smith owed Stonehollow Electronics $125. On April 27, 2018, Stonehollow determined this account receivable to be uncollectible and wrote off the account. The company uses the direct write-off method. On July 15, 2018, Stonehollow received a check for $125 from the customer. How should the July 15, 2018 transaction be recorded?
(CMA adapted, Dec 95 #28) Refer to the Winner Company example. Cost of goods sold for the year ended September 30, Year 5, for Winner Company is
a. $262,000 b. $252,000 c. $260,000 d. $248,000 e. $224,000
As the sample size increases, the variability among the sample means
a. increases. b. decreases. c. remains the same. d. depends upon the specific population being sampled.