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

Carver company produces a product which sells for $30. variable manufacturing costs are $15 per unit. fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. a selling commission of 10% of the selling price is paid on each unit sold. the contribution margin per unit is:

Astock is selling today for $50 per share. at the end of the year, it pays a dividend of $3 per share and sells for $58. a. what is the total rate of return on the stock? (enter your answer as a whole percent.) b. what are the dividend yield and percentage capital gain? (enter your answers as a whole percent.) c. now suppose the year-end stock price after the dividend is paid is $42. what are the dividend yield and percentage capital gain in this case? (negative amounts should be indicated by a minus sign. enter your answers as a whole percent.)

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.