1)

The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.8 per kilogram. The production of the product in April was 870 units, but production had been duegeted for 850 units. During April, 8200 kilograms of the raw materials were purchased for $6888 and 7150 kilograms of the raw material were used in production. The material variances(Material Price Variance and Material Quantity Variance) or April were:

2)

Hien Inc. uses machine-hours as the bae to apply its manufacturing overhead. The following information relates to variable manufacturing overhead standards at Hien:

Standard rate per machine-hour :$50

Total standard machine-hours allowed for units produced during September: 4000

Hien's variable overhead rate variance for September was $800 favorable. Its variable overhead efficienvy variance was $3600 unfavorable. How many machine-hours did Hien use during September?

3)

which of the following will have the largest dollar effect on the net present value of a 10 year investment project?

A. a decrease of $20,000 in the initial investment required with no effect on the expected salvage value in 10 years

B. an invrease of $20,000 in the expected salvage value in 10 years with no eddect on the initial investment

C. a decrease of $20,000 in both the working capital needed to start the project and the amount being released at teh end of the 10 years

D. an increase of $2,000 in the annual cash inflows from this project

4.

The initial rate of return for a project can be determined:

A. only if the project's cash flows are constant

B. by finding the discount rate that yields a zero net present value for the project

C. by subtracting the company's cost of capital from the project's profitability index

D. only if the project profitability index is greated than zero