During march 2017, toby tool & die company worked on four jobs. a review of direct labor costs reveals the following summary data. actual standard job number hours costs hours costs total variance a257 220 $4,840 228 $5,016 $176 f a258 460 11,040 443 9,746 1,294 u a259 305 7,107 306 6,732 375 u a260 100 2,000 93 2,046 46 f total variance $1,447 u analysis reveals that job a257 was a repeat job. job a258 was a rush order that required overtime work at premium rates of pay. job a259 required a more experienced replacement worker on one shift. work on job a260 was done for one day by a new trainee when a regular worker was absent. prepare a report for the plant supervisor on direct labor cost variances for march. (round quantity variance, actual rate, standard rate and price variance to 2 decimal places, e. g. 10.50.)

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44