## Direct Materials Variances The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: 51,100 lbs. at \$1.75 per lb. Standard: 49,600 lbs. at

Direct Materials Variances The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: 51,100 lbs. at \$1.75 per lb. Standard: 49,600 lbs. at \$1.8 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance \$fill in the blank 1 Direct Materials Quantity Variance \$fill in the blank 3 Total Direct Materials Cost Variance \$fill in the blank 5 b. The direct materials price variance should normally be reported to the  . If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the  . If the favorable use of raw materials had been caused by the purchase of higher-quality raw materials, the variance should be reported to the  .

## Identify if it will Increase, Decrease or No effect. 1. happens to the owner’s assets when the company receives cash from a bank loan? 2. happens to the owner’s equity

Identify if it will Increase, Decrease or No effect. 1. happens to the owner’s assets when the company receives cash from a bank loan? 2. happens to the owner’s equity when the company receives cash? 3. happens to the owner’s equity when the owner invests personal cash in the business? 4. will happen to the company’s liquidity when some of its products are sold from inventory? 5. happens to the owner’s assets when the company purchases equipment with its cash? 6. happens to the owner’s assets when the company repays the bank that had lent?

## Production Budget Pasadena Candle Inc. projected sales of 86,000 candles for the year. The estimated January 1 inventory is 3,400 units, and the desired December 31 inventory is 9,000 units.

Production Budget Pasadena Candle Inc. projected sales of 86,000 candles for the year. The estimated January 1 inventory is 3,400 units, and the desired December 31 inventory is 9,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Year Ending December 31 Expected units to be sold Desired ending inventory, December 31 Total units available Estimated beginning inventory, January 1 Total units to be produced

## Crush Ltd. is a dealer in fast moving consumer goods. The Company has warehouses throughout the country where the stocks are stored. The Auditor of the Company normally conduct physical

Crush Ltd. is a dealer in fast moving consumer goods. The Company has warehouses throughout the country where the stocks are stored. The Auditor of the Company normally conduct physical verification of stocks along with the Management at the end of the financial year. However, the Auditor could not be physically present during stock- taking at two places on account of certain disturbances in the region. In the light of the above facts: (hint: Audit evidence) (i) How sufficient appropriate audit evidence regarding the condition and existence of inventory may be obtained? (ii) How an Auditor is supposed to deal when attendance at physical inventory counting is impracticable?

## Due Week 8 and worth 300 points You are the HR manager for an upscale retail store which sells clothing, shoes, handbags, and other accessories. Due to the economic downturn,

Due Week 8 and worth 300 points You are the HR manager for an upscale retail store which sells clothing, shoes, handbags, and other accessories. Due to the economic downturn, the company has experienced a significant reduction in earnings, resulting in the layoff of a number of retail sales associates. Business seems to be rebounding, but you are concerned about the performance of the retail sales staff. The CEO has requested that you recommend ways to increase sales and customer service. You believe that implementing a performance management system may modify employee behavior and improve results. Write a six to eight (6-8) page paper in which you: Your assignment must follow these formatting requirements: The specific course learning outcomes associated with this assignment are: Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. to access the rubric for this assignment

## LO-2 Describe several historical legislative acts that have institutionalized better business practices within the DoD acquisition community. Here is a link to DOD Best Business Practices. Link: After reviewing the

LO-2 Describe  several historical legislative acts that have institutionalized better  business practices within the DoD acquisition community. Here is a link to DOD Best Business Practices. Link: After reviewing the Best Business Practices, find one that you find  to be the most important and write about why it is so important. Write a two-page paper, plus the and a As always, read all the lesson notes before you start this assignment  as new or current events may have been updated since the start of class. •Written communication: Written communication is free of errors that detract from the overall message. •APA formatting: Resources and citations are formatted according to style and formatting. •Length of paper: typed, double-spaced pages with no less than a two-page paper. •Font and font size: Times New Roman, 12 point. APA GUIDELINES University of California Berkeley Library APA Style Citation http://www.lib.berkeley.edu/TeachingLib/Guides/APAstyle.pdf Purdue University APA Formatting and Style Guide http://owl.english.purdue.edu/owl/resource/560/01/#resourcenav RESEARCH and WRITING APUS Online Library Tutorial Center http://www.apus.edu/Online-Library/tutorials/index.htm PLAGIARISM Avoiding accidental and intentional plagiarism