Refer to Table 5.1. According to the information provided in the table, the 6-month yen is selling at a forward ________ of approximately ________ per annum. (Use the mid rates to make your calculations.)
A) discount; 2.09%
B) discount; 2.06%
C) premium; 2.09%
D) premium; 2.06%
Answer: C
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What will be an ideal response?
Tiger, Inc. budgeted the following overhead costs for the current year assuming operations at 80% of capacity, or 40,000 units:Total variable overhead …………….$240,000Total fixed overhead ………………. 560,000Total overhead …………………….$800,000The standard cost per unit when operating at this same 80% capacity level is:Direct materials (5 lbs. @ $4/1b.) …………$20.00Direct labor (2 hrs. @ $8.75 hr.) ………….17.50Variable overhead (2 hrs. @ $3/hr.) …………6.00Fixed overhead (2 hrs. @ $7/hr.) …………. 14.00Total cost per unit ………………………….$57.50The actual production achieved in the current year was 60% of capacity, or 30,000 units. The actual costs were:Direct materials (150,350 lbs.) ………….$616,435Direct labor
(59,800 hrs.) ……………….520,260Variable overhead ………….……………192,000Fixed overhead ………….………….…...552,000 Calculate the following variances and indicate whether each is favorable or unfavorable.Direct materials:? Price variance Quantity variance Direct labor:? Rate variance Efficiency variance Variable overhead:? Spending variance Efficiency variance Fixed overhead:? Spending variance Volume variance What will be an ideal response?
An advantage of a structured interview is that it
A. is more likely to be free of bias and stereotypes. B. helps measure a range of intellectual abilities. C. helps prospective employers make a first cut through candidates. D. helps establish rapport. E. provides a sense of the applicant's personality.
A person's net worth would increase as a result of
A) reducing amounts owed to others. B) reducing earnings. C) decreasing the value of assets. D) increasing spending on current living expenses.