Sugar and spice foods is famous for its cupcakes. one of the main ingredients of the cupcakes is sugar, which sugar and spice purchases by the pound. in addition, the production requires a certain amount of direct labor. sugar and spice uses a standard cost system, and at the end of the first quarter, there was a favorable direct labor efficiency variance. which of the following is a logical explanation for that variance? o a. the production staff changed the work flow process so that production required fewer direct labor hours than the standards allowed. o b. the factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of direct materials during their training period c. the purchasing manager was able to secure a volume discount on dried fruit, purchasing the sugar for less than the amount set by standard o d. the cost of workers' medical insurance plans jumped up dramatically during the quarter.

What is credit and debit in accounting

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76

The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c