Zepol company is planning to produce 600,000 power drills for the coming year. the company uses direct labor hours to assign overhead to products. each drill requires 0.75 standard hour of labor for completion. the total budgeted overhead was $1,777,500. the total fixed overhead budgeted for the coming year is $832,500. predetermined overhead rates are calculated using expected production, measured in direct labor hours. actual results for the year are:

actual production (units) 594,000 actual variable overhead $928,000
actual direct labor hours (ah) 446,000 actual fixed overhead $835,600
required:

1. compute the applied fixed overhead. round intermediate calculations to two decimal places.
$824,175

2. compute the fixed overhead spending and volume variances.

spending variance $3,100 $ unfavorable
volume variance $ $ unfavorable
3. compute the variable overhead rate. round your answer to the nearest cent.
$ per dlh

4. compute the variable overhead spending and efficiency variances.

spending variances $ favorable
efficiency variances $ unfavorable

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: