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NEW QUESTION 24
Huaxia Manufacturing’s standard cost card for product GH1 includes the following:
During the month of June, Huaxia produced 12,300 units. The purchasing department purchased 30,400 yards of fabric for a total cost of $100,320. The production department used 25.300 yards of fabric in June. What is Huaxia’s direct materials price variance for the month of June?
- A. $14,220 unfavorable
- B. $11,770 unfavorable
- C. $2,450 unfavorable
- D. $6,080 favorable
Answer: D
NEW QUESTION 25
Aeronautics Inc. has designed a new airplane that entails an extremely complex manufacturing process Upon reviewing the market Aeronautics’ management believes the price of the plane will need to be set below current manufacturing costs. Some on the management team have recommended stopping the project, however, the CFO believes that the plane will become profitable in the near future. The CFO most likely used which forecasting method?
- A. Exponential smoothing
- B. Time series.
- C. Learning curve analysis
- D. Cost-volume-profit analysis
Answer: B
NEW QUESTION 26
A company has four product noes and must decide to discontinue one so mat it can focus on its more profitable products Information about the four product lines is shown below.
if the company evaluates profitability based on ROl. which product line should be discontinued?
Calculator
- A. Product line X.
- B. Product line W.
- C. Product line Y.
- D. Product line Z.
Answer: A
NEW QUESTION 27
A corporation had foreign currency translation gains from converting the financial statements of its foreign operations into U.S dollars .How will these gains be reported on the corporation’s financial statements?
- A. As part of net income on the income statement
- B. As part of comprehensive income on the income statement
- C. As a current asset on the balance sheet
- D. As a net increase in cash in the operating activities section of the statement of cash flows
Answer: B
NEW QUESTION 28
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