The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month. Standard Cost Per Unit Standard Monthly CostsMaterials$4.00 $8,400 Direct Labor 2 hrs @ $2.60 5.20 10,920 Factory Overhead: Variable 1.80 3,780 Fixed 5.00 10,500 $16.00 $33,600 Variances: Material price$244.75 unfavorableMaterial quantity$500.00 unfavorableLabor rate$520.00 favorableLabor efficiency$2,080.00 unfavorableWhat was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into
production?
A. $4.11
B. $4.34
C. $4.00
D. $4.22
Answer: A
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Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $50,000 . What amount of loss on realization should be allocated to Alpha?
a. $60,000 b. $20,000 c. $30,000 d. $50,000
Clayton is the leader of a team that recently launched a mobile application. The application seems to be malfunctioning because of a technical problem with the codes the application runs on. Under such circumstances, Clayton asks his team members to come up with a solution. Together, they try to figure out how to troubleshoot this problem. Clayton accepts the solution that has the support of the entire team. Thereafter, he asks them to implement the changes in their own way. In the context of the normative decision theory, which of the following decision styles has Clayton adopted in this scenario?
a. The AI decision style b. The GII decision style c. The CI decision style d. The AII decision sty
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B) royalty. C) IPR. D) rights payment.