Rath Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour $3.75 Standard hours (SH) allowed per unit 4 Actual production in units 15,000 Actual variable overhead costs $222,816 Actual direct labor hours 57,200

Required: 1. Calculate the standard direct labor hours for actual production 4 15,000 $222,816 57,200 hours 2. Calculate the applied variable overhead 3. Calculate the total variable overhead variance. Enter amount as a positive number and select Favorable or Unfavorable.

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.