Valera corporation makes a product with the following standards for labor and variable overhead: standard quantity or hours standard price or rate standard cost per unit direct labor 0.4 hours $ 21.00 per hour $ 8.40 variable overhead 0.4 hours $ 6.00 per hour $ 2.40 the company budgeted for production of 5,300 units in july, but actual production was 5,400 units. the company used 2,130 direct labor-hours to produce this output. the actual variable overhead rate was $6.10 per hour. the company applies variable overhead on the basis of direct labor-hours. the variable overhead rate variance for july is:

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.