Question PROBLEM 10-9 Comprehensive Variance Analysis LO10-1, LO10-2, LO10-3 Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company uses a standard cost system for all of its products. According to the standards that have been set for the seat covers, the PROBLEM 10-9 Comprehensive Variance Analysis LO10-1, LO10-2, LO10-3 Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company uses a standard cost system for all of its products. According to the standards that have been set for the seat covers, the factory should work 2,850 hours each month to produce 1,900 sets of covers. The standard costs associated with this level of production are: Per Set of Covers Total Direct materials.. $42,560 $22.40 Direct labor $51,300 27.00 Variable manufacturing overhead (based on direct labor-hours).. $6,840 3.60 $53.00 During August, the factory worked only 2,800 direct labor-hours and produced 2,000 sets of covers. The following actual costs were recorded during the month: Per Set of Covers Total Direct materials (12,000 yards) $45,600 $22.80 Direct labor ..... $49,000 24.50 Variable manufacturing overhead $7,000 3.50 $50.80 At standard, each set of covers should require 5.6 yards of material. All of the materials purchased during the month were used in production. Required: Compute the following variances for August: 1. The materials price and quantity variances. 2. The labor rate and efficiency variances. 3. The variable overhead rate and efficiency variances.

Bramble Company has an old factory machine that cost $42,000. The machine has accumulated depreciation of $23,520. Bramble has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) What entry would Bramble make to record the sale of the machine for $20,520 cash? (b) What entry would Bramble make to record the sale of the machine for $10,520 cash? No. Account Titles and Explanation Debit Credit (a) Cash Accumulated Depreciation-Equipment Equipment (b) Cash Accumulated Depreciation Equipment Equipment

14.1 Match the terms in the left column with their definitions from the right column: 1. Bill of materials a. A factor that causes costs to change 2. Operations list b. A measure of the number of good units produced in a period of time c. A list of the raw materials used to create a finished product 3. Master production schedule 4. Lean manufacturing d. A document used to authorize removal of raw materials from inventory 5. Production order e. A cost accounting method that assigns costs to products based on specific processes performed 6. Materials requisition f. A cost accounting method that assigns costs to specific batches or production runs and is used when the product or service consists of uniquely identifiable items 7. Move ticket g. A cost accounting method that assigns costs to each step or work center and then calculates the average cost for all products that passed through that step or work center 8. Job-time ticket h. A document that records labor costs associated with manufacturing a product 9. Job-order costing i. A document that tracks transfer of inventory from one work center to another 10. Cost driver j. A document that authorizes manufacture of a finished good 11. Throughput k. A document that lists the steps required to manufacture a finished good 1. A document that specifies how much of a finished good is to be produced during a specific time period 12. Computer-integrated manufacturing m. A production planning technique that is an extension of the just-in-time inventory control method n. A production planning technique that is an extension of the materials requirement planning inventory control method o. A term used to refer to the use of robots and other IT techniques as part of the production process

11.60 Consider the flow of air through the piping system shown in Fig. P11.60. If the system is choked, determine the location where the Mach number is 1. Calculate the pressure ratio pb/Po, that causes choking in this system. 100 in 100 in Pв PO то 4 1.5 in diameter 1 in diameter Short nozzle 0.0030 in 1.5 in pipe 0.0035 in 1 in pipe

The worldwide market share for the Chrome web browser was 56.43% in a recent month. Suppose that you decide to select a sample of 100 students at your university and you find that 60 use the Chrome web browser. a. Use the five-step p-value approach to determine whether there is evidence that the market share for the Chrome web browser at your university is greater than the worldwide market share of 56.43%. (Use the 0.05 level of significance.) b. Suppose that the sample size is n = 600, and you find that 60% of the sample of students at your university (360 out of 600) use the Chrome web browser. Use the five-step p-value approach to try to determine whether there is evidence that the market share for the Chrome web browser at your university is greater than the worldwide market share of 56.43%. (Use the 0.05 level of significance.) c. Discuss the effect that sample size has on hypothesis testing. d. What do you think are your chances of rejecting any null hypothesis concerning a population proportion if a sample size of n = 20 is used?

Find the magnitude of the resultant force and the angle it makes with the positive x-axis. (Let a = 26 lb and b = 12 lb. Round your answers to one decimal place.) Find the magnitude of the resultant force and the angle it makes with the positive x-axis. (Let a = 26 lb and b = 12 lb. Round your answers to one decimal place.)

Harley-Davidson is known for its strong brand name and loyal following and yet by 1980 Harley was on the verge of bankruptcy. Why was Harley in deep trouble even with such a strong brand name? a) Harley-Davidson cannot compete in foreign markets b) Competitors beat Harley on reliability and cost c) All of the above d) Harley-Davidson bikes are technologically inferior COURSE: STRATEGIC BUSINESS DECISIONS