Schriever corporation is an oil well service company that measures its output by the number of wells serviced. the company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. fixed element per month variable element per well serviced revenue $ 4,500 employee salaries and wages $ 57,200 $ 1,100 servicing materials $ 600 other expenses $ 31,000 the planning budget for may was based on 36 wells serviced, but a total of 31 wells were actually serviced in may. the activity variance for total expenses for may would have been closest to: multiple choice $10,500 f $8,500 f $10,500 u $8,500 u

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?