Barb bubbletop (bb) produces bangles. each bangle requires .25 lbs of bronze which should cost $16 per lb. in august, bb purchased 12,000 lbs of bronze at $15 per lb. in the month, 41,000 bangles were made, and 11,000 lbs of bronze were used.

which is false of bb's materials variances?

the company should have spent $164,000 on materials

bronze inventory increased by $15,000

material quantity variance is $18,000 unfav

materials price variance is $12,000 unfav

all of the above are false

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.