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91) A rate variance for direct labor measures how well a company keeps unit prices of labor inputs within standards. 92) If the standard quantity allowed for direct labor is less than the actual quantity used, the efficiency variance is favorable. 93) Which variance is directly impacted if the employees who build the product go on strike and temporary workers who are slower and not as skilled are hired? A) Materials price variance B) Materials quantity variance C) Labor efficiency variance D) Labor rate variance 94) How is the direct labor rate variance calculated? A) The difference between the standard […]

118) Golden Corporation has operating income of $336,000, a sales margin of 16%, and capital turnover of 3.0. The return on investment (ROI) for Golden Corporation would be closest to A) 5%. B) 48%. C) 2%. D) 160%. 119) Kleeman Company has a sales margin of 16%, operating income of $336,000, and capital turnover of 3.0. The sales in dollars for Kleeman Company would be closest to A) $ 3,760. B) $ 12,000. C) $1,008,000. D) $2,100,000. 120) Lewis Company has operating income of $336,000. Its return on investment (ROI) is 48%, while its target rate of return is 10%. […]

142) Senseman Company has three potential projects from which to choose. Selected information on each of the three projects follows: Project A Project B Project C Investment required $ 42,500 $ 56,000 $ 53,700 Net present value of project $ 45,700 $ 75,400 $ 70,200 Using the profitability index, rank the projects from most profitable to least profitable. A) A, B, C B) C, B, A C) B, A, C D) B, C, A 143) Silver Creations is evaluating a project that would require an initial investment of $36,000. The present value of the net cash inflows associated with this […]

152) (Present value tables are needed.) The Janus Vending Machine Company is looking to expand its business by adding a new line of vending machines. The management team is considering expanding into either soda machines or snack machines. Following is the relevant financial data relating to the decision: Soda Machines Snack Machines Investment $75,000 $50,000 Useful life (years) 5 10 Estimated annual net cash inflows for useful life $30,000 $18,000 Residual value $30,000 $10,000 Depreciation method straight-line straight-line Required rate of return 8% 12% What is the net present value for the soda machines? A) $(140,220) B) $24,360 C) $65,220 […]

Multiple Choice 1) Which of the following statements is true about cloud computing? A) The elastic leasing of pooled computer resources over the Internet is called the cloud. B) A cloud is a peer-to-peer network used to share data between users. C) Cloud-based hosting does not operate over the Internet. D) Any network of servers hosted in-house by an organization for its own requirements is regarded as a cloud. 2) Which of the following is a reason for the term elastic being used to define the cloud? A) Computing resources can be increased or decreased dynamically in cloud-based hosting. B) […]