Question 16 (1 point)
JB Enterprises, ing reported the following information for 2006
13
14
15
Sales
1,500,000
costs of Goods Sold
2,100,000
Operating Expenses
1,000,000
Dividend Income
100,000
Dividends pald
80,000
I owns less than 20% of the stock in an other company, JB's taxable income is
A)
1,350,000
D) $1,500,000
C) $1,400,000
D) $1,430,000
O
bec to

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: