Zepol company is planning to produce 600,000 power drills for the coming year. the company uses direct labor hours to assign overhead to products. each drill requires 0.75 standard hour of labor for completion. the total budgeted overhead was $1,777,500. the total fixed overhead budgeted for the coming year is $832,500. predetermined overhead rates are calculated using expected production, measured in direct labor hours. actual results for the year are:

actual production (units) 594,000 actual variable overhead $928,000
actual direct labor hours (ah) 446,000 actual fixed overhead $835,600
required:

1. compute the applied fixed overhead. round intermediate calculations to two decimal places.
$824,175

2. compute the fixed overhead spending and volume variances.

spending variance $3,100 $ unfavorable
volume variance $ $ unfavorable
3. compute the variable overhead rate. round your answer to the nearest cent.
$ per dlh

4. compute the variable overhead spending and efficiency variances.

spending variances $ favorable
efficiency variances $ unfavorable

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided