Ketone inc. produces small engines. for last year's operations, the following data were gathered: units produced 110,000 direct labor 120,000 hours @ $10.00 actual variable overhead $1,000,000 ketone inc. employs a standard costing system. during the year, a variable overhead rate of $5.00 was used. the labor standard requires 1 hour per unit produced. the variable overhead spending and efficiency variances are: a.$200,000 u and $40,000 f. b.$150,000 u and $24,000 f. c.$176,000 u and $19,000 u. d.$400,000 u and $50,000 u. e. none of these choices are correct.

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Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year