Petrus framing's cost formula for its supplies cost is $1,720 per month plus $10 per frame. for the month of march, the company planned for activity of 612 frames, but the actual level of activity was 616 frames. the actual supplies cost for the month was $8,050. the activity variance for supplies cost in march would be closest to:
a. $210 f
b. $210 u
c. $40 f
d. $40 u

In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.