The following data is given for the stringer company:
budgeted production 1,011 units
actual production 909 units
materials:
standard price per ounce $1.84
standard pounds per completed unit 11
actual pounds purchased and used in production 9,699
actual cost of materials $19,883
labor:
standard hourly labor rate $14.00 per hour
standard hours allowed per completed unit 5.0
actual labor hours worked 4,681.35
actual total labor costs $71,391
overhead:
actual and budgeted fixed overhead $1,135,361
standard variable overhead rate $28.00 per standard labor hour
actual variable overhead costs $131,078
overhead is applied on standard labor hours.
determine the direct material price variance. round your answer to nearest whole number
select the correct answer.
$1,485 f
$3,818 u
$552 f
$2,037 u

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest. the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed. what control allowed the fraud to occur?

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)