Forty percent of a house painter's business is exterior work and the other sixty percent is interior
The average exterior paint job takes 30 hours of labor and $500 of paint and primer, but the average interior job takes only 6 hours of labor and $80 of paint and primer. If he gets 25 service calls for the coming month and 30 calls for the month after that, which of the following resource requirements is correct?
A) The painter has supply costs of greater than $13,500 but less than $13,600 for the next two months.
B) The painter has a labor demand of greater than 800 hours but less than 850 hours for the next two months.
C) The painter has supply costs of greater than $13,400 but less than $13,500 for the next two months.
D) The painter has a labor demand of greater than 850 hours but less than 900 hours for the next two months.
Answer: D
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What will be an ideal response?
Use this information to answer the following question. Hernandez Corporation has 60,000 shares of $10 par value common stock outstanding. The following transactions occurred during the year: Mar. 17 Declared a 10 percent stock dividend to stockholders of record on March 20 . Market value of the stock was $13 on March 17. 30 Distributed the stock dividend. The entry to record the transaction of
March 30 would be: a. Common Stock Distributable 60,000 Common Stock 60,000 b. Common Stock Distributable 60,000 Retained Earnings 18,000 Common Stock 78,000 c. Common Stock Distributable 78,000 Common Stock 60,000 Additional Paid-in Capital 18,000 d. Common Stock Distributable 60,000 Cash 60,000
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What is the variable overhead efficiency variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $1866 F
B) $1866 U
C) $2534 F
D) $2534 U
Discuss the meaning of the term collection.
What will be an ideal response?