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Question : 41. At the beginning of the year, Fox Manufacturing had budgeted : 1295664

Economics

 

 

41. At the beginning of the year, Fox Manufacturing had budgeted for the production and sale of 84,000 units. The standard sales price and variable cost per unit were budgeted to be $25.00 and $10.00, respectively. Actual sales for the year totaled 81,000 units, and the actual sales price and variable cost per unit were $24.00 and $10.00, respectively. Both budgeted and actual fixed costs were $75,000. Refer to the Fox Manufacturing information above. What was Fox’s sales price variance for the year? A. $81,000 FB. $81,000 UC. $84,000 FD. $84,000 U

 

42. Differences in sales revenue between the flexible budget and actual results can be attributable to: A. the sales volume variance.B. the flexible budget variance.C. the sales price variance.D. the variable overhead efficiency variance.

 

43. Martin Corp. had an unfavorable sales price variance of $4,800 for 2006. Martin had budgeted for sales of 10,000 units at a sales price of $5 each. Actual sales in 2006 totaled 12,000 units. What was the actual sales price per unit? A. $5.40B. $4.60C. $4.52D. $5.48

 

44. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s sales volume variance for 2008? A. $1,600B. $5,552C. $5,200D. $3,952

 

45. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s sales price variance for 2008? A. $29,600 FB. $29,600 UC. $13,600 FD. $13,600 U

 

46. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s direct materials price variance for 2008? A. $1,496 FB. $1,496 UC. $1,360 FD. $1,360 U

 

47. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s direct materials usage variance for 2008? A. $4,080 FB. $4,080 UC. $2,584 FD. $2,584 U

 

48. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s direct labor rate variance for 2008? A. $1,904 FB. $1,904 UC. $6,324 FD. $6,324 U

 

49. In early 2008, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: 

 

Direct materials:

2 pounds at $3.00 per lb

 

Direct labor:

30 minutes of assembly at $.25 per minute

 

 

 

Actual results for 2008 were determined to be as follows: 

Number of units produced and sold:

6,800 units

Sales revenue:

$149,600 ($22 per unit)

Direct materials cost:

$43,384 (14,960 lbs purchased and used at $2.90 per lb)

Direct labor cost:

$59,024 (210,800 minutes at $.28 per minute)

 

 

Refer to the JAX Inc. information above. What was JAX Inc.’s direct labor efficiency variance for 2008? A. $1,700 FB. $1,700 UC. $6,120 FD. $6,120 U

 

50. Carlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton’s direct materials price variance is: A. $195 UB. $  15 UC. $185 FD. $180 F

 

 

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July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

default image
July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

default image
July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

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