Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each of these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the profit from aircraft plywood panels?
A. $9,000.00
B. $3,600.00
C. $6,640.00
D. $7,950.00
A. $9,000.00
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The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 3.6hoursStandard variable overhead rate$16.05per hourThe following data pertain to operations for the last month: Actual hours 5,000hoursActual total variable overhead cost$80,000 Actual output 1,300unitsRequired:a. What is the variable overhead rate variance for the month?b. What is the variable overhead efficiency variance for the month?
What will be an ideal response?
Principals often are liable for the torts of their agents under the doctrine of res ipsa loquitur, which means "let the master answer."
Answer the following statement true (T) or false (F)
Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$238,000? Cash dividends declared for the year 51,250? Proceeds from the sale of equipment 87,200? Gain on the sale of equipment 4650? Cash dividends payable at the beginning of the year 22,550? Cash dividends payable at the end of the year 30,500? Net income for the year 112,750? The amount of cash paid for dividends was:
A. $43,300. B. $51,250. C. $61,500. D. $59,700. E. $53,050.
Retailing transactions must always involve a retailer
Indicate whether the statement is true or false