James Corporation uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. Information for raw materials for the month of December follows: Standard unit price $3.30 Actual purchase price per unit $3.50 Actual quantity purchased 2,000 units Actual quantity used 1,900 units Standard quantity allowed for actual production 1,800 units What
is the entry to record material usage?
a. Work in process 6,270
Materials quantity variance 330
Materials 6,600
b. Work in process 6,270
Materials quantity variance 330
Materials 5,940
c. Work in process 6,300
Materials quantity variance 350
Materials 6,650
d. Work in process 5,940
Materials quantity variance 330
Materials 6,270
d
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A company is currently operating at 60% capacity producing 10,000 units. Cost information relating to this current production is shown in the following table:?Per UnitSales price$21.00Direct material$6.00Direct labor$4.12Variable overhead$2.23Fixed overhead$0.80The company has been approached by a customer with a request for a special order for 5,000 units. What is the minimum per unit sales price that management would accept for this order if the company wishes to increase current profits?
What will be an ideal response?
An agent who refuses to follow legal instructions of a principal has breached the duty of care
a. True b. False Indicate whether the statement is true or false
If legal rule creates a presumption then it is a(n):
a. assumption that is made in the law that will stand as a fact unless someone comes forward to contest it and prove otherwise. b. method of questioning by attorneys for each side and/or the trial judge about a prospective juror's background, life experiences, and opinions to determine whether they can weigh the evidence to be produced in a trial fairly and objectively c. written order requiring a person to appear in court at a specific date to give testimony d. Plaintiff's argument about the quality of evidence, usually exaggerated; but not considered fraud.
Which of the following is moving toward FTTH?
A) cable modem service companies B) ADSL service companies C) both A and B D) neither A nor B