Clean, Inc. cleans and waxes floors for commercial customers. The company is presently operating at less than capacity with equipment and employees idle at times. The company recently received an order from a potential customer outside the company's normal geographic service region for a price of $4,500. The size of the proposed job is 11,000 square feet. The company's normal service costs are as follows: Unit-level materials$0.18per square footUnit-level labor$0.25per square footUnit-level variable overhead$0.08per square footFacility-level overheadAllocated at $0.10 per square foot If the company accepts the special offer:
A. The company will lose $230 on the job.
B. The company will lose $1,110 on the job.
C. The company will earn $2,520 on the job.
D. The company will lose $2,210 on the job.
Answer: B
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Which of these is NOT a factor weighed by a court in determining whether a class can be certified in a class action?
A. if the legal and factual claims of all the parties are common B. if it is impracticable for individual claimants to bring multiple lawsuits against the defendant C. if the claims and defenses are typical for the plaintiffs and the defendant D. if the representative parties will not adequately protect the interests of the class
When complaining, which of the following includes the guest’s most bothersome issue?
a. impersonal service b. employees annoyed by requests for assistance c. harsh, disrespectful treatment by employees d. mistake-free, careful, and reliable service
The holding period return is especially useful comparing investments with unequal holding periods
Indicate whether the statement is true or false.
Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.0pounds$5.50per pound$5.50During the year, the company completed the following transactions concerning direct materials:a. Purchased 19,700 pounds of raw material at a price of $4.70 per pound.b. Used 18,500 pounds of the raw material to produce 18,400 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$15,760FMaterials quantity variance$550U Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,030,000$53,350$0$88,880$737,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,910,130a.???????b.???????When the purchase of raw materials is recorded in transaction (a) above, which of the following entries will be made? A. $15,760 in the Materials Quantity Variance column B. ($15,760) in the Materials Price Variance column C. $15,760 in the Materials Price Variance column D. ($15,760) in the Materials Quantity Variance column