The total direct labor hours required in preparing a direct labor budget are calculated using the

The following information pertains to Quest Co.’s Gold Division for the year just ended: Sales $311,000 Variable cost 250,000 Traceable fixed costs 50,000 Average invested capital 40,000 Imputed interest rate 10%  Quest’s return on investment was

Relevant or differential cost analysis:

Which situation below might indicate a company has a low quality of earnings?

Clemente Inc. incurs the following costs to produce 10,000 units of a subcomponent:                                                         Direct materials                       $ 8,400                                                       Direct labor                              11,250                                                       Variable overhead                  12,600                                                       Fixed overhead                       16,200                                                An outside supplier has offered to sell Clemente the subcomponent for $2.85 a unit.                                                If Clemente accepts the offer, it could use the production capacity to produce another product that would generate additional income of $3,600. The increase (decrease) in net income from accepting the offer would be:

The following is a summarized income statement of Carr Co.’s profit center No.43 for March: Contribution margin $70,000Period expenses:Manager’s salary $20,000Facility depreciation 8,000Corporate expense allocation 5,000 (33,000)Profit center income $37,000 Which of the following amounts is most likely subject to the control of the profit center’s manager?

When a decision is made in an organization, it is selected from a group of alternative courses of action. The loss associated with choosing the alternative that does not maximize the benefit is the:

Red Rock East Company uses flexible budgeting for cost control. Red Rock produced 10,800 units of product during March, incurring an indirect materials cost of $13,000. Its master budget for the year reflected an indirect materials cost of $180,000 at a production volume of 144,000 units. A flexible budget for March production should reflect indirect materials costs of

Price variances and efficiency variances can be key to the performance measurement within a company. In evaluating the performance within a company, a materials efficiency variance can be caused by all of the following except the

An example of a cash flow from a financing activity is: