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The question below is based on the following information. Chem King uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material purchased and used cost $105,000, and two units of raw material are required to produce one unit of final product. In November, the company produced 12,000 units of product. The flexible budget for material was $60,000, and there was an unfavorable static budget variance of $35,000.  Chem King’s direct materials quantity variance was

Butterco has the following cost components for 100,000 units of product for the month:  Raw materials                                             $200,000 Direct labor                                                   100,000 Manufacturing overhead                              200,000 Selling / administrative expense                  150,000  All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expenses. The total costs to produce and sell 110,000 units during the month are

Lending money and collecting the loans are:

A client with nephrotic syndrome has proteinuria and edema of lower extremities. Which lab result is associated with these assessment findings?

Which of the following factors should not be considered when deciding whether to investigate a variance?

In Jude Company, land decreased $150,000 because of a cash sale for $150,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is:

REB Service Co. is a computer service center. For the month of May, REB had the following operating statistics: Sales                                            $450,000Operating income                            25,000 Net profit after taxes                          8,000 Total assets                                   500,000 Shareholders’ equity                     200,000 Cost of capital                                  6%  Based on the above information, which one of the following statements is correct? REB has a

This department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget report reflects $1,044,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved during the month was

Adams Company reported a net loss of $6,000 for the year ended December 31, 2017. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2017, operating activities:

The basic difference between a master budget and a flexible budget is that a master budget is