Use the following to answer questions 8-10: dudley, inc. makes a single product which has the following standards: · direct materials: 2 kilograms at $4.30 per kilogram · direct labor: 3 hours at $6 per hour · variable manufacturing overhead: $19.50 per unit of output at the beginning of june there were no inventories. the following data pertain to june's operations: · direct labor was $820,500 for 147,000 hours worked. · direct material purchases were 110,000 kilograms for $485,000. · variable manufacturing overhead incurred was $986,000. · 92,000 kilograms of direct materials were used. · the company sold 42,000 units at $130 each. · variable manufacturing overhead is applied based on direct labor hours. · 46,000 units were produced during the year. 9. the material quantity variance is: a) $77,400 u b) $0 c) $14,800 f d) $14,800 u

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy. year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period. required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.