The Queens Industrial Corp. produces a single product. Variable manufacturing overhead is applied on the basis of direct labor-hours. The standard cost for one unit of product is as follows: (1) Standard Quantity(2) Standard Price Standard
Inputs or Hours or Rate Cost (1) x (2)
Direct materials 6 ounces $0.50 per ounce $3.00
Direct labor 0.6 hours $30.00 per hour $18.00
Variable manufacturing OH 0.6hours $10.00 per hour $6.00
Total standard cost per unit $27.00
During May, 2,000 units were produced. The costs associated with May’s operations were as follows:
Materials purchased: 18,000 ounces at $0.60 per ounce……$10,800
Materials used in production: 14,000 ounces…………………………… -
Direct labor: 1,100 hours at $30.50 per hour……………….………..$33,550
Variable manufacturing overhead costs incurred………………$12,980
Required:
Compute the direct materials, direct labor, and variable manufacturing overhead variances.

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)

How does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange.

3. which of the following occupations relate to a skill category of mathematics and data? select all that apply. (2 correct answers) engineer financial analyst mechanic sales person 4. which of the following occupations relate to a skill category of words and literacy? select all that apply. (2 correct answers) educator lawyer marketing manager psychologist architect