Mark Corporation's standards for direct materials in making one unit of product are 2 pounds per unit at $0.50 per pound. Last month, 64,200 units of product were made; the materials price variance was $7,000 Favorable; and the materials quantity variance was $5,000 Unfavorable. Required:
What was the number of pounds of direct materials Mark used during the period?

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Atrough in the business cycle occurs when