Mickley corporation produces two products, alpha6s and zeta7s, which pass through two operations, sintering and finishing. each of the products uses two raw materials—x442 and y661. the company uses a standard cost system, with the following standards for each product (on a per unit basis): raw material standard labor time product x442 y661 sintering finishing alpha6 2.5 kilos 2.5 liters 0.20 hours 0.90 hours zeta7 4.5 kilos 3.5 liters 0.30 hours 1.20 hours information relating to materials purchased and materials used in production during may follows: material purchases purchase cost standard price used in production x442 15,000 kilos $39,000 $2.40 per kilo 9,500 kilos y661 16,000 liters $20,800 $1.40 per liter 14,000 liters the following additional information is available: the company recognizes price variances when materials are purchased. the standard labor rate is $23.00 per hour in sintering and $20.00 per hour in finishing. during may, 1,300 direct labor-hours were worked in sintering at a total labor cost of $30,550, and 2,950 direct labor-hours were worked in finishing at a total labor cost of $64,900. production during may was 1,600 alpha6s and 1,300 zeta7s. required: 1. complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. 2. compute the materials price and quantity variances for each material. 3. compute the labor rate and efficiency variances for each operation.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.