Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product.

Standard Quantity Standard Price Rate or Standard Cost
Direct Materials 5.8 pounds $0.60 per pound $3.48
Direct labor 0.5 hours $33.50 per hour $16.75
Variable manufacturing overhead 0.5 hours $8.50 per hour $4.25
During March, the following activity was recorded by the company:

(1). The company produced 2400 units during the month.

(2). A total of 19.400 pounds of material were purchased at a cost of $13,580.

(3). There was no beginning Inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained In the warehouse.

(4). During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.

(5). Variable manufacturing overhead costs during March totaled $14,061.

The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for March Is:

(a)$4,120 U

(b)$3,270 F

(c)$3,270 U

(d)$4,120 F

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):