Peters Company uses a flexible budget system and prepared the following information for the year: Percent of capacity 80% 90% Direct labor hours 24,000 27,000 Variable manufacturing overhead $48,000 $54,000 Fixed manufacturing overhead $108,000 $108,000 Total manufacturing overhead rate per DLH $6.50 $6.00 Peters operated at 80% of capacity during the year but applied manufacturing overhead based on the 90% capacity level. Assuming that actual manufacturing overhead was equal to the budgeted amount for the attained capacity, what is the amount of overhead variance for the year

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.