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The following data pertain to the first week of operations during the month of june:
Materials: actual purchases 1500 units at Rs.3.80 per unit
Actual usage 1350 units
Standard usage 1020 units at Rs.4.00 per unit
Direct labour: actual hours 310 hours at Rs.12.10 per hour
Standard hours 340 hours at Rs.1.00 per hour
Required: compute the following variance indicating whether the variances are favorable or unfavorable:
(i) Materials purchase price variance price usage variance, and quantity variance.
(ii) Labour rate efficiency variance.
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he bonds will be insured up to $17,000, so Jose doesn't want to invest more than that amount in bonds which will earn 4 1/2%. What will be the maximum amount of interest that Jose could learn?
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Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.
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