Business, 11.12.2019 20:31 amandaparrish2323
Jackson industries uses a standard cost system in which direct materials inventory is carried at standard cost. jackson has established the following standards for one unit of product. during may, jackson purchased 125,000 pounds of direct material at a total cost of $475,000. the total factory wages for may were $364,000, 90 percent of which were for direct labor. jackson manufactured 22,000 units of product during may using 108,000 pounds of direct material and 28,000 direct labor-hours. standard quantity standard price/rate standard cost direct material 5 pounds 3.60 per pound 18.00 direct labor 1.25 hours 12 per hour 15.00 direct labor price variance is
1. 8400 f
2. 7200 u
3. 6000 f
4. none are correct
Answers: 3
Business, 21.06.2019 20:30
Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.
Answers: 1
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 20:00
If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability
Answers: 2
Business, 23.06.2019 00:00
Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.
Answers: 1
Jackson industries uses a standard cost system in which direct materials inventory is carried at sta...
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