A limited company operates a system of standard costing. The following information is available for the month of July 2015 1. Actual cost data ksh. Direct material purchased (36000kgs) 1,890.000 Direct wages (6800 hours) 2,210,000 Variable production overheads 620,000 Fixed production overheads 1,880,000 Output during the period was 3500 units of the product The standard production units were budgeted at 4800 units The standard cost data per unit is as follows: Direct materials purchased (sh 500 per kg) 500 Direct wages (2 hours) 600 Variable production overheads 200 Fixed overhead overheads 400 Total 1700 5. Labour records show 6200 hours were worked 600 hours were recorded as idle time due to machine breakdown Required: i) direct material cost. ii) labour cost variance iii) variable overheads cost variance iv) fixed overhead expenditure variance

Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as