The following data is given for the stringer company:
budgeted production 1,011 units
actual production 909 units
materials:
standard price per ounce $1.84
standard pounds per completed unit 11
actual pounds purchased and used in production 9,699
actual cost of materials $19,883
labor:
standard hourly labor rate $14.00 per hour
standard hours allowed per completed unit 5.0
actual labor hours worked 4,681.35
actual total labor costs $71,391
overhead:
actual and budgeted fixed overhead $1,135,361
standard variable overhead rate $28.00 per standard labor hour
actual variable overhead costs $131,078
overhead is applied on standard labor hours.
determine the direct material price variance. round your answer to nearest whole number
select the correct answer.
$1,485 f
$3,818 u
$552 f
$2,037 u

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Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))