5. On February 15, Jewel Company buys 7,700 shares of Marcelo Corp. common stock at $28.60 per share plus a brokerage fee of $430. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.22 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.37 per share less a brokerage fee of $285. The fair value of the remaining shares is $29.57 per share. The impact on Jewels net income as a result of its investment in Marcelo Corp. was a(n) (Round your intermediate dollar values to the nearest dollar amount):

• Decrease to income of $2,465.

• Increase to income of $3,520.

• Decrease to income of $9,394.

• Increase to income of $11,859.

• Increase to income of $6,517.

12. A job was budgeted to require 5 hours of labor per unit at $10.00 per hour. The job consisted of 6,000 units and was completed in 27,000 hours at a total labor cost of $302,400. What is the total labor cost variance?

• $6,000 unfavorable.

• $2,748 unfavorable.

• $480 unfavorable.

• $2,400 unfavorable.

• $5,148 unfavorable.

142. On February 15, Jewel Company buys 7,400 shares of Marcelo Corp. common at $28.57 per share plus a brokerage fee of $415. The stock is classified as available-for-sale securities. This is the companys first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.19 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.34 per share less a brokerage fee of $270. The fair value of the remaining shares is $29.54 per share. The amount that Jewel Company should report in the equity section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is (Round your intermediate dollar values to the nearest dollar amount):

• Realized Gain Equity; $8,806.

• Unrealized Gain Equity; $3,382.

• Unrealized Loss Equity; $2,372.

• Unrealized Gain Equity; $6,763.

• Unrealized Gain Equity; $11,178.

146. Cahuilla Corporation predicts the following sales in units for the coming four months:

	April		May		June		July
Sales in Units	410		450		470		410

Each month's ending Finished Goods Inventory should be 30% of the next month's sales. March 31 Finished Goods inventory is 123 units. A finished unit requires 5 pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 260 pounds of B. Each month's ending Raw Materials Inventory should be 20% of the following month's production needs. The budgeted purchases of pounds of direct material B during May should be:

• 1,824 lbs.

• 456 lbs.

• 2,276 lbs.

• 452 lbs.

• 2,732 lbs.