Hutto corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.
direct materials (15 lbs. @ $3 per lb.) $45
direct labor (2 hrs. @ $15 per hr.) 30
during may the company incurred the following actual costs to produce 9,000 units.
direct materials (137,100 lbs. @ $2.80 per lb.) $ 383,880
direct labor (21,600 hrs. @ $15.10 per 326,160
required :
(1) compute the direct materials price and quantity variances. (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?