EXTRA CREDIT: Peppy Portraits specializes in pet photography…

EXTRA CREDIT: Peppy Portraits specializes in pet photography and has both franchised and company-operated studios. Profit margin and investment turnover for both segments are as follows:   ​ ​ Profit Margin InvestmentTurnover ​ Company-operated studios 70% 0.50 ​ Franchised studios 40% 2.25 ​ ​ ​ Peppy Portraits is expanding. Based on the return on investment (ROI), would you advise a new location to be a company-operated or franchised studio? ​  

EXTRA CREDIT: Standard and actual costs for direct labor for…

EXTRA CREDIT: Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows:   Actual costs 125 hours at $54 Standard costs 131 hours at $53 ​ Determine the direct labor (a) time variance, (b) rate variance, and (c) total cost variance.

Mallard Corporation uses the product cost method of product…

Mallard Corporation uses the product cost method of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit 0.90 ​The markup percentage on product cost for the company’s product is

A balloon is filled with helium gas at atmospheric pressure…

A balloon is filled with helium gas at atmospheric pressure and at atmospheric temperature. The balloon is then placed in a chamber whose pressure is less than atmospheric pressure and atmospheric temperature. Which of the following illustrations represents the expected volume of the balloon in the chamber?