The following data relate to direct labor costs for March: ​ Rate: standard, $12.00; actual, $12.25 Hours: standard, 18,500; actual, 17,955 Units of production: 9,450 ​The total direct labor variance is

Jarrett Company is considering a cash outlay of $300,000 for the purchase of land, which it could lease for $36,000 per year. If alternative investments are available that yield a 9% return, the opportunity cost of the purchase of the land is

EXTRA CREDIT: Division G of Elephant Preservation Inc. has sales of $895,000, cost of goods sold of $475,000, operating expenses of $79,500, and invested assets of $750,000. Round percentages to one decimal place and investment turnover to two decimal places. ​ Compute: a. The return on investment for Division G. b. The profit margin for Division G. c. The investment turnover for Division G.

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $150,000. ​The profit margin (rounded to one decimal place) for Division A is

EXTRA CREDIT: Division G of Elephant Preservation Inc. has sales of $895,000, cost of goods sold of $475,000, operating expenses of $79,500, and invested assets of $750,000. Round percentages to one decimal place and investment turnover to two decimal places. ​ Compute: a. The return on investment for Division G. b. The profit margin for Division G. c. The investment turnover for Division G.

Which of the following is a manufacturing strategy that focuses on reducing the influence of bottlenecks on production processes?

Which of the following is a manufacturing strategy that focuses on reducing the influence of bottlenecks on production processes?

The following data are given for Bahia Company: Budgeted production (at 100% of normal capacity) 1,000 units Actual production    980 units Materials:     Standard price per pound $2.00   Standard pounds per completed unit 12   Actual pounds purchased and used in production 11,800   Actual price paid for materials $23,000 Labor:     Standard hourly labor rate $14.00 per hour   Standard hours allowed per completed unit 4.5   Actual labor hours worked 4,560   Actual total labor costs $62,928 Overhead:     Actual and budgeted fixed overhead $27,000   Standard variable overhead rate $3.50 per standard labor hour   Actual variable overhead costs $15,500 ​ Overhead is applied on standard labor hours. The fixed factory overhead volume variance is

Which of the following would be the most appropriate cost driver allocating the service department costs of the Information Systems Department?

EXTRA CREDIT: Titus Company purchased and used 650 pounds of tomatoes (direct materials) to produce a taco sauce with a 635 pound standard direct materials requirement. The standard materials price is $22.40 per pound. The actual price of the tomatoes was $22.20 per pound.   Journalize the entries to record (a) the purchase of the tomatoes and (b) the tomatoes used in production. Titus records standard costs and variances in its accounts.