Which of the following variances are favorable / unfavorable (use common sense rather than computations): a. budgeted sales price is $10, actual is $12.b. budgeted sales volume is 2,500 units, actual is 2,400 units. c. budgeted input prices are $4/pound for dm and $15/hour for dl, actual is $4.50/pound for dm and $14/hour for dl. d. budgeted amounts of inputs are 0.5 pounds of dm and 0.2 hours of dl per unit of output. actual amounts are 0.45 pounds of dm and 0.19 hours of dl per unit of output. e. budgeted fixed costs are $22,000, actual $23,000.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production