Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.7 pounds $ 8.20 per pound $ 63.14 Direct labor 0.3 hours $ 36.00 per hour $ 10.80 Variable overhead 0.3 hours $ 5.20 per hour $ 1.56 In June the company's budgeted production was 4,600 units but the actual production was 4,700 units. The company used 23,350 pounds of the direct material and 2,410 direct labor-hours to produce this output. During the month, the company purchased 26,600 pounds of the direct material at a cost of $182,180. The actual direct labor cost was $58,221 and the actual variable overhead cost was $11,761. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is:

Savvy sightseeing had beginning equity of $90,000; revenues of $144,000, expenses of $83,000, and dividends to stockholders of $10,800. there were no stockholder investments during the year. calculate ending equity.

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage. answers: valuablerareinimitableun-substituta ble

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)