The following information summarizes the standard cost for producing one metal tennis racket frame at spaulding industries. in addition, the variances for one month's production are given. assume that all inventory accounts have zero balances at the beginning of the month. standard cost per unit standard monthly costs materials $ 4.00 $ 7,200 direct labor 2 hrs. @ $2.60 5.20 9,360 factory overhead: variable 1.60 2,880 fixed 5.50 9,900 $ 16.30 $ 29,340 variances: material price 432.25 unfavorable material quantity 600.00 unfavorable labor rate 650.00 favorable labor efficiency 2,860.00 unfavorable what was the actual price paid for the direct material during the month, assuming all materials purchased were put into production?

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct. d.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.