1) The actual direct labor wage rate is 8.50 and 4500 direct labor hours were actually during the month. the standard direct labor wages is 8.00 and the standard quantity of hours allowed for the activity level of output was 5000 direct labor hours.

what was the material price variance?

What was the direct labor efficiency variance?

What was the materials quantity variance?

what is the variable overhead efficiency variance if the standard variable over head per direct labor hour is 5.00?

2) Suppose you are the manager of a California Winery. How would you expect the following events to affect the price you receive for a bottle of wine?

a. The price of comparable French wines decreases.

b. One hundred new wineries open in California.

c. The unemployment rate in the United States decrease.

d. The price of cheese increases.

e. The price of a glass bottle increases significantly due to new government antishatter regulations.

f. Researchers discover a new wine-making technology that reduces production costs.

g. The price of wine vinegar, which is made from the leftover grape mash, increases.

h. The average age of consumers increases, and older people drink less wine.

3) A patient's total surgery charges are $1,278. The patient must pay the annual deductible of $1,000, and the policy states a 80-20 coinsurance. What does the patient owe?

4) These balances and totals are from Bantu Ltd for the year ended 30 June 2020. Real accounts section 30-Jun-19 30-Jun-20 Inland Revenue: Income Tax 12,000.00 15,000.00 Shareholders for dividends 15,000.00 20,000.00 Nominal accounts section 30-Jun-20 Income tax expense 38,000.00 Under-provision for taxation in the previous year 3,200.00 Dividends Interim 18,000.00 Final 20,000.00 You are required to: 1. Calculate the amount of dividends and taxation paid. (12 marks)

5) Harrington Company is giving each of its employees a holiday bonus of $250 on December 13, 20-- (a nonpayday). The company wants each employee's check to be $250. The supplemental tax percent is used.

a.What will be the gross amount of each bonus if each employee pays a state income tax of 3.01% (besides the other payroll taxes)

6) it is known that $784 invested in compound interest for 2 years will earn $240 interest. Find the accumulated value of $68841472 invested at the same rate of compound interest for 5 years.

7) Waterway Industries has 515000 shares of $10 par value common stock outstanding. During the year Waterway declared a 14% stock dividend when the market price of the stock was $37 per share. Three months later Waterway declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

8, 9 in attachment

Advantage company paid the annual rent on its new office space on March 1. The total for a year of rent was $3,600. How much rent expense would be shown on the advantage December 31 income statement? Use the following information from Campbell Soup Company's income statements to calcu- late the company's profit margin on sales ratio. How does it compare with the ones calcu- lated for Hormel? Campbell Soup Company (dollars in millions) For the year ended For the year ended August 3, 2008 July 29, 2007 Net sales $7,998 $7.385 Net income $1,165 $ 854