Direct material: 3 pounds at $2.50 per pound $ 7.50 Direct labor: 5 hours at $7.50 per hour 37.50 Actual results for product during the month: Units produced 7,800 units Direct material used 23,100 pounds Direct material purchased 25,000 pounds at $2.60 $ 65,000 Direct labor 40,100 hours at $7.30 292,730 The direct labor efficiency variance is:

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less