Mendig has done job overall of managing its technology overhead costs. It has variable overhead efficiency variance because it used CPU units of processing time relative to the number of client interactions it had. This is not an issue if the goal was to meet the high-peformance computing needs of clients and resulted in higher levels of client satisfaction or revenues. For the 6,000 CPUT units used, Mendig spent per unit relative to the budgeted $2.50, so the price/spending variance on variable technology overhead was

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.