Peak LLC makes a product with the following standard costs:   Standard Quantity or Hours Standard Price or Rate Direct materials 9.8 kilos $ 7.30 per kilo Direct labor 0.3 hours $ 33.00 per hour Variable overhead 0.3 hours $ 7.30 per hour The company reported the following results concerning this product in November. Actual output 4,500 units Raw materials used in production 30,330 kilos Purchases of raw materials 32,900 kilos Actual direct labor-hours 1,110 hours Actual cost of raw materials purchases $ 208,920   Actual direct labor cost $ 24,036   Actual variable overhead cost $ 8,840   The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The variable overhead rate variance for November is:

The following standards have been established for a raw material used to make a product: Standard quantity of the material per unit of output 7.5 meters Standard price of the material $ 18.70 per meter The following data pertain to a recent month’s operations: Actual material purchased 3,800 meters Actual cost of material purchased $ 74,480   Actual material used in production 3,500 meters Actual output 540 units of product  The direct materials price variance is computed when the materials are purchased. What is the materials quantity variance for the month? Note: in order to get full credit for the problem, you must type your answer formatted exactly as directed; otherwise, you are at risk for not receiving appropriate credit. Please type your answer with dollar signs and commas, but NO SPACES between the number and letter. Here is the correct formatting: $0,000U

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.8 hours Standard variable overhead rate $13.20 per hour The following data pertain to operations for the last month: Actual hours 2,700 hours Actual total variable manufacturing overhead cost $36,310   Actual output 200 units What is the variable overhead efficiency variance for the month?

Clear Co makes a product that uses a material with the quantity standard of 7.9 grams per unit of output and the price standard of $6.60 per gram. In April the company produced 4,000 units using 25,470 grams of the direct material. During the month the company purchased 28,000 grams of the direct material at $6.80 per gram. The direct materials price variance is computed when the materials are purchased. The materials price variance for April is:

When a company assigns goodwill to a reporting unit acquired in a business combination, it must record an impairment loss if . 

Gray Inc. makes a product that uses a material with the following standards: Standard quantity 7.5 liters per unit Standard price $2.00 per liter Standard cost $15.00 per unit The company budgeted for production of 3,300 units in July, but actual production was 3,400 units. The company used 26,200 liters of direct material to produce this output. The company purchased 19,600 liters of the direct material at $2.1 per liter. The direct materials price variance is computed when the materials are purchased. The materials quantity variance for July is:

Hill Ltd’s contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the company’s sales for a month are $302,000, what is the best estimate of the company’s net operating income? Assume that the fixed monthly expenses do not change.

Two solid cylinders made of the same material are loaded (separately) in tension (in the elastic range) with the same axial load P.  The cylinders have the same diameter, but Cylinder A is twice as long as Cylinder B.  How do you expect the stresses and strains in these cylinders to compare?

East Ltd makes a product with the following standard costs:   Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.5 pounds $ 8.00 per pound $ 60.00 Direct labor 0.5 hours $34.00 per hour $ 17.00 Variable overhead 0.5 hours $5.00 per hour $ 2.50 In February the company’s budgeted production was 4,400 units but the actual production was 4,500 units. The company used 23,150 pounds of the direct material and 2,390 direct labor-hours to produce this output. During the month, the company purchased 26,400 pounds of the direct material at a cost of $180,180. The actual direct labor cost was $58,021 and the actual variable overhead cost was $11,231. The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The variable overhead rate variance for February is:

Penn acquired 100% of Senn’s stock when the book value of Senn’s net assets was $260,000. The fair value of Senn’s net assets was $275,000 on the acquisition date. Based on the preceding information, if Penn paid $285,000 for the acquisition, what amount of goodwill will be reported in consolidated financial statements presented immediately following the combination?