Brutus Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Direct materials 3 pounds $12.00 per pound Direct labor 5 hours $15 per hour Variable overhead 5 hours $2 per hour The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 100,000 pounds of raw materials at a cost of $11.50 per pound. All of this material was used in production. b. Direct laborers worked 140,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $308,000. Prepare: A. Flexible Budget Performance Report for Variable Product Costs

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Blank is the internal operation that arranges information resources to support business performance and outcomes

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?